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Pedro Bordalo

Professor of Financial Economics


Saïd Business School
University of Oxford
Park End Street
Oxford
OX1 1HP

Profile

Pedro's areas of expertise are behavioural finance and behavioural economics.

His work has focused on the role of selective attention and memory in driving attitudes towards risk and in shaping the content of beliefs and expectations. This approach can explain key evidence that is puzzling from the perspective of standard rational models, including systematic instability of risk preferences, predictability of stock and bond market returns, predictable forecast errors and boom-bust cycles in credit markets.

Pedro’s research has been published in the Journal of Finance, Journal of Political Economy, the Quarterly Journal of Economics, the Review of Economic Studies, and the American Economic Review, among other leading journals. He has been invited by regulatory entities such as the Competition and Markets Authority (UK), the Federal Trade Commission (US), and the Financial Conduct Authority to present his work and discuss policy implications.

Prior to joining Oxford University, Pedro was a tenured Associate Professor in the Department of Economics at Royal Holloway, University of London. He holds an MSc in Theoretical Physics from the Ecole Normale Superieure and a PhD in Theoretical Physics from Universite Paris VI. He has taught at the London School of Economics and at Harvard University.

Read Pedro's CV.

Research

Pedro’s research develops psychologically founded models of economic decision-making. He uses these models to shed light on several economic and financial phenomena. The key idea captured in these models is that, due to limited attention and memory, human decision-making is inherently comparative and context-dependent.

 

Publications

Belief Overreaction and Stock Market Puzzles(opens in new window)

  • Journal article
  • Journal of Political Economy
  • Pedro Bordalo,
  • Nicola Gennaioli,
  • Rafael La Porta,
  • Andrei Shleifer
Research Office FTE Eligible Faculty
Finance

Belief overreaction and stock market puzzles(opens in new window)

  • Journal article
  • Journal of Political Economy
  • Pedro Bordalo,
  • Nicola Gennaioli,
  • Rafael La Porta,
  • Andrei Shleifer
Research Office FTE Eligible Faculty
Finance

Long-Term Expectations and Aggregate Fluctuations(opens in new window)

  • Journal article
  • NBER Macroeconomics Annual
  • Pedro Bordalo,
  • Nicola Gennaioli,
  • Rafael La Porta,
  • Matthew OBrien,
  • Andrei Shleifer
Research Office FTE Eligible Faculty
Finance

Imagining the future: memory, simulation and beliefs(opens in new window)

  • Journal article
  • The Review of Economic Studies
  • Pedro Bordalo,
  • Giovanni Burro,
  • Katherine Coffman,
  • Nicola Gennaioli,
  • Andrei Shleifer
Research Office FTE Eligible Faculty
Finance

Long Term Expectations and Aggregate Fluctuations(opens in new window)

  • Journal article
  • SSRN Electronic Journal
  • Pedro Bordalo,
  • Nicola Gennaioli,
  • rafael laporta,
  • Matthew O'Brien,
  • Andrei Shleifer
Research Office FTE Eligible Faculty
Finance
See more publications

Engagement

Pedro is regularly invited to present at conferences and seminars on behavioural finance and behavioural economics.

Pedro has also presented his research at regulatory institutions such as the Competition and Markets Authority (UK), the Federal Trade Commission (US), NHS Improvement (UK) among others.

Pedro is a regular referee for leading economics and finance journals, including the American Economic Review, the Journal of Financial Economics, the Journal of Political Economy, the Quarterly Journal of Economics, and the Review of Economic Studies.

Teaching

Pedro teaches the Behavioural Finance course on the MBA and Executive MBA programmes.

Oxford Answers

Thought-leadership and insights for business leaders written by our Faculty and Associate Fellows.

View articles by Pedro.

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