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PAUL C. TETLOCK

 

Contact Information:

 

Web Page:

http://www.mba.yale.edu/faculty/profiles/tetlock.shtml

 

 

E-mail:

PAUL.tetlock@YALE.edu

 

 

Mail:

Yale School of Management

135 Prospect Street

New Haven, CT 06520

 

 

Phone:

203-432-0389

 

 

Positions Held:

 

Visiting Assistant Professor of Finance, Yale University, 2007 – present

 

Assistant Professor of Finance, University of Texas at Austin, 2004 – present

 

Graduate Studies:

 

Ph.D., Economics, Harvard University, 2004

 

Thesis Title: “Investors’ Expectations in Financial Markets”

 

Committee Members:  Professors David Laibson (Chair), John Campbell, and Jeremy Stein

 

Undergraduate Studies:

 

B.S., Mathematical Economics, Harvey Mudd College, 1999, Class Rank: 1st

Minors in Mathematics and Chemistry

 

Teaching and Research Interests:

 

Behavioral finance, asset pricing, market microstructure, and financial innovation

 

 

Teaching Experience:

 

Spring 2002

Behavioral Economics (undergraduate), Harvard University (Teaching Fellow)

 

Spring 2005-07

Investments (undergraduate), University of Texas at Austin

 

 

 

Research Experience and Other Employment:

 

1999-2000

Researcher, AEI-Brookings Joint Center

 

2002-2003

Consultant, Murray & Cratty, LLC and National Economic Research Associates

 

Honors, Scholarships, and Fellowships:

 

1999-2002

National Science Foundation Graduate Research Fellow

 

2001-2002

John Kenneth Galbraith Prize, Harvard University

 

Spring 2002

Distinction in Teaching, Derek Bok Center, Harvard University

 

2003-2004

Earle A. Chiles Fellowship, Harvard University

 

Selected Professional Activities and Service:

 

Referee for Journal of Finance, Journal of Banking and Finance, Journal of Behavioral Finance, Journal of Behavioral Decision Making, and Financial Management

 

PhD Program Committee, University of Texas at Austin

 

Program Committee, Second Workshop in Prediction Markets

 

Selected Seminars and Conference Presentations:

 

AQR Capital, Barclays Global Investors, Brookings Institute, Dartmouth, Federal Reserve Board, Goldman Sachs, Harvard Business School, INSEAD, International Symposium of Forecasters, London Business School, Securities and Exchange Commission, UC Berkeley, U. of North Carolina, U. of Oregon, U. of Texas at Austin, U. of Toronto, Texas Finance Festival, Western Finance Association

 

Finance Research Papers:

 

Tetlock, Paul C., 2007, “Giving Content to Investor Sentiment: The Role of Media in the Stock Market”

Journal of Finance 62, 1139-1168.

 

Tetlock, Paul C., Maytal Saar-Tsechansky, and Sofus Macskassy, 2007, “More Than Words: Quantifying Language to Measure Firms’ Fundamentals,” Journal of Finance, forthcoming.

 

Tetlock, Paul C., “Does Liquidity Affect Securities Market Efficiency?”

 

Tetlock, Paul C. and Robert W. Hahn, “Optimal Liquidity Provision for Decision Makers.”

 

Tetlock, Paul C., “How Efficient Are Information Markets? Evidence from an Online Exchange.”

 

Current Projects:

 

“How Valuable Are Free Stock Tips?”

(joint with Bin Gu, Prabhudev Konana, Alex Liu, Balaji Rajagopalan, and Joydeep Ghosh)

 

Selected Press Articles about My Research:

 

The Economist, Economics Focus, “In a Sentimental Mood”

U.S. News & World Report, Best in Business, “How Words Can Hurt… Stocks”

New York Times, Op-ed, “Short Odds for Ignorance”

Wall Street Journal, Op-ed, “When Gambling Is Good”

 

Refereed Policy Publications:

 

Hahn, Robert W. and Paul C. Tetlock, 2006, “A New Approach for Regulating Information Markets,” Journal of Regulatory Economics, Vol. 29(3).

 

Hahn, Robert W. and Paul C. Tetlock, 2005, “Using Information Markets to Improve Decision Making” Harvard Journal of Law and Public Policy, Vol. 28(3), Summer.

 

Policy Articles:

 

Hahn, Robert W. and Paul C. Tetlock, 2005, “Big Ideas: The Market’s Last Frontier,” Milken Review, 1st Quarter.

 

Hahn, Robert W. and Paul C. Tetlock, 2005, “Making Development Work,” Policy Review, No. 132.

 

Hahn, Robert W., Paul C. Tetlock and Jason K. Burnett, 2000, “Should You Be Allowed to Use Your Cellular Phone While Driving?” Regulation 23(3): 46-55 (Cover article).

 

Policy Books:

 

Hahn, Robert W. and Paul C. Tetlock eds., 2006, “Information Markets: A New Way of Making Decisions,” AEI-Brookings Press.