Ulrike Malmendier

Edward and Mollie Arnold Professor of Finance and Professor of Economics at Haas School of Business

Schools

  • Haas School of Business

Expertise

Links

Biography

Haas School of Business

Ulrike Malmendier is the Edward J. and Mollie Arnold Professor at the University of California at Berkeley, Professor of Economics, Department of Professor of Finance, Haas School of Business. Ulrike Malmendier received her PhD in Business Economics from Harvard University in 2002, and her PhD in Law (summa cum laude) from the University of Bonn in 2000. She joined Berkeley in 2006 as an Assistant Professor, after having been at Stanford as Assistant Professor of Finance since 2002. She also is a research associate at NBER (Corporate Finance and Labor Economics) and a faculty research fellow at IZA, a CESifo affiliate, and a CEPR research affiliate. She has been a Visiting Scholar at the Max-Planck Institute in Bonn, Visiting Fellow at Princeton University, and Visiting Assistant Professor of Finance at the Graduate School of Business at the University of Chicago. Recently, she was named Alfred P. Sloan Research Fellow (2010-2012), and she received several Citations of Excellence by Emerald for her research (2009, 2006). She was named Distinguished Speaker at the European Financial Management meeting in Milan, Italy, Keynote Speaker at the ERIM Invitational Conference "Frontiers in Research in Management" in Rotterdam (NL), and Distinguished Speaker at the Mergers and Acquisitions conference in Exeter (UK). She was a selected speaker at the Review of Economic Studies European Tour 2002. She has received fellowships and grants from numerous institutions in the U.S. and Europe.She currently serves as associate editor for the Journal of Financial Intermediation, the Economic Journal, and the Journal of the European Economic Association as well as the guest associate editor for the Special Issue on Behavioral Economics and Finance of Management Science. She has been on the program committee and organized numerous sessions at the annual meetings of the American Economic Association, American Finance Association, and Western Finance Association. She also was one of the founders and is a continuing organizer of the Behavioral Economics Annual Meeting (BEAM) as well as an organizer of the Psychology and Economics segment of the Stanford Institute in Theoretical Economics (SITE).

Malmendier has received numerous honors, awards, and prizes, including the 2017 Guggenheim Fellowship, and the Alfred P. Sloan Research Fellowship, several Emerald Citations of Excellence by Emerald, Distinguish or Keynote Speaker engagements. In 2015 she was awarded the Distinguished Teaching Award, University of California at Berkeley most prestigious honor for teaching. She was also a selected speaker at the Review of Economic Studies European Tour.

In 2013, Malmendier was awarded the prestigious Fisher Black Prize from the American Finance Association, given biennially to the top financial scholar under the age of 40. The award citation referred to Malmendier’s work in corporate finance, behavioral economics and finance, contract theory, and the history of the firm, particularly noting the originality and creativity of her research. Malmendier’s area of focus is the intersection of economics and finance, and why and how individuals make decisions—specifically how individuals make mistakes and systematically biased decisions. Some of her work includes research on CEO overconfidence, the long-term frugality of Depression “babies” and the decision-making behind gym membership. Professor Malmendier’s research interests: corporate finance, behavioral economics/behavioral finance, economics of organizations, contract theory, law and economics, law and finance.

Education

  • PhD, Business Economics, Harvard University
  • AM, Business Economics, Harvard University
  • PhD, Law, University of Bonn
  • MA in Economics, University of Bonn
  • BA equiv., Law, University of Bonn
  • BA, Economics, University of Bonn

Positions Held

At Haas since 2010

2012 - present, Professor of Finance, Haas School of Business
2012 - present, Professor of Economics, University of California Berkeley
2009 - present, Research Associate, Corporate Finance and Labor Economics, National Bureau of Economic Research (NBER)
2007 - present, Research Affiliate, Financial Economics, Centre for Economic Policy Research (CEPR)
2006 - present, Research Affiliate, Labour Economics, CEPR
2006 - present, Affiliate, CESifo
2005 - present, Faculty Research Fellow, Institute for the Study of Labor (IZA)
2010 - 2012, Associate Professor of Finance (with tenure), Haas School of Business
2008 - 2012, Associate Professor of Economics (with tenure), University of California, Berkeley
2006 - 2009, Faculty Research Fellow, Corporate Finance, NBER
2006 - 2008, Assistant Professor of Economics, UC Berkeley
2004 - 2009, Faculty Research Fellow, Labor Economics, NBER
2002 - 2006, Assistant Professor of Finance, Stanford Graduate School of Business
Visiting Positions

  • 2005, Visiting Fellow, Department of Economics, Princeton University
  • 2005, Visiting Assistant Professor of Finance, Graduate School of Business, University of Chicago
  • 2000, Visiting Scholar, Max Planck Institute "Law of Common Goods," Bonn (Germany)
  • 1998, Visiting Scholar, Nuttfield College, Oxford University

External Service and Assignments

*Editorial positions: *

  • Guest Associate Editor, Management Science, Special Issue on Behavioral Economics and Finance
  • Associate Editor, Journal of the European Economic Association
  • Associate Editor, Journal of Financial Intermediation
  • Associate Editor, Economic Journal

Program committees:

  • American Finance Association, Western Finance Association, Financial Management Association, European Finance Association, Financial Intermediation Research Society (FIRS) conference, Annual Conference in Corporate Finance, Washington University

*Memberships: *

  • Econometric Society, American Economic Association, American Finance Association

Referee Service:

  • Academy of Management Review, American Economic Review, American Economic Journal: Applied Economics, American Economic Journal: Macroeconomics, Econometrica, Economic Journal, Economic Letters, Experimental Economics, Financial Management, Games and Economic Behavior, German Economic Review, Journal of Economic Behavior and Organization, Journal of Economic Literature, Journal of Economics and Management Strategy, Journal of European Economic Association, Journal of Finance, Journal of Financial Economics, Journal of Industrial Economics, Journal of Labor Economics, Journal of Law and Economics, Journal of Law, Economics, and Organization, Journal of Political Economy, Journal of Public Economics, Journal of Public Economic Theory, Labour Economics, Quarterly Journal of Economics, Management Science, RAND Journal of Economics, Review of Economic Studies, Review of Economics and Statistics, Review of Finance, Review of Financial Studies

Current Research and Interests

  • Corporate Finance, Behavioral Economics/Behavioral Finance, Economics of Organizations, Contract Theory, Law and Economics, Law and Finance

Selected Papers and Publications

  • "Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?" with S. Nagel. Quarterly Journal of Economics, February 211, vol.126(1), pp. 373-416.
  • "The Bidder's Curse," with H. Lee. American Economics Review, April 2011, vol.101(2), pp. 749-787.
  • "Contractibility and the Design of Research Agreements," with J. Lerner. American Economics Review, March 2010, vol. 100 (1), pp. 214-246.
  • "Law and Finance at the Origin," Journal of Economic Literature, December 2009, vol. 47(4), pp. 1076-1108.
  • "Superstar CEOs," with G. Tate. Quarterly Journal of Economics, November 2009, vol. 124(4), pp. 1593-1638.

Honors and Awards

  • “Rising Star in Finance” award, Fordham/NYU Rising Stars conference 2012, New York
  • Alfred P. Sloan Research Fellow, 2010 - 2012
  • Citation of Excellence by Emerald Management Reviews, 2009
  • Coleman Fung Risk Management Research Center Grant, 2008
  • Kauffman Foundation Grant, 2008
  • Instructional Improvement Grant, 2007
  • Center on the Economics and Demography of Aging Grant, 2007
  • Abigail Reynolds Hodgen Publication Fund grant, 2007

Videos

Read about executive education

Other experts

Joseph Firschein

Joseph Firschein leads the Federal Reserve Board’s community development and policy analysis teams that are responsible for analyzing emerging consumer and community development policies and practices in order to understand their implications for the economic and supervisory policies that are cor...

Frank Saccucci

Franco (Frank) has made presentations to industry stakeholders in Canada, United States and Europe, covering topics such as stakeholder relations, municipal fundamentals and finance for non-financial managers. Prior to his plus 20 years as an educator, his professional experience included auditi...

Looking for an expert?

Contact us and we'll find the best option for you.

Something went wrong. We're trying to fix this error.