Stefan Nagel

Who is Stefan Nagel?

Professor Nagel’s research focuses on asset pricing, behavioral finance, and financial econometrics. His current research examines the role that different investor groups play in the formation and disappearance of asset price bubbles. In other work he studies investors’ investment decisions to uncover the determinants of investors’ risk aversion. He also works on the development and application of new methods for statistical testing of asset pricing models.

Professor Nagel has won various awards and fellowships, among them the Smith-Breeden Prize of the American Finance Association for the best paper in the Journal of Finance in 2004 and the Fama/DFA prize for the best asset pricing paper in the Journal of Financial Economics in 2006. He is a faculty research fellow at the National Bureau of Economic Research, an associate editor of the Review of Financial Studies, and he has served as reviewer for the top finance and economics journals.

Professor Nagel teaches the Finance core course in the first year of the MBA program and Empirical Finance in the PhD program. He received his PhD from the London Business School, and he had been a visiting doctoral student at MIT. Before joining the Stanford GSB, he also spent a year as a lecturer at Harvard University.