Guofu Zhou

Area of Expertise:

Asset Pricing, Option Pricing

Research Interests:

Portfolio choice, asset allocation, technical analysis, bubbles and crashes, anomalies, asymmetric information, asset pricing tests, Bayesian learning, model selection, econometric methods in finance, and real option

Awards/Honors:

• Best Paper Award, The Chinese Finance Association, 2010
• Reid Teaching Award (MSFin), Washington University, 2010
• Special Recognition for Excellence, Washington University, 2003
• MBA Teacher of the Year, Washington University, 1997

Guofu Zhou joined Washington University in 1990 and has been teaching and conducting research at the Olin Business School ever since. He has been consistent in good teaching and won MBA Teacher of the Year in 1997. His research interests are primarily in asset pricing tests, asset allocation, portfolio optimization, Bayesian learning. He is the first to offer an exact test to one of the fundamental asset pricing models, one of the first to apply multivariate Bayesian theory in finance to test capital asset pricing models, to study the extent to which stock returns are predictable, to measure the pricing errors of the arbitrage pricing theory, to design an optimal 3-fund portfolio rule under parameter uncertainty, to derive a model-free asymmetry test, and to provide a theoretical foundation for the use of technical analysis, the moving average in particular, in investment.