Meet the Researchers
Valery Polkovnichenko
Education
- Ph.D., Finance, Northwestern University, 2000
- Diplom, Applied Mathematics and Physics, Moscow Institute of Physics and Technology, 1995
- Upside potential preferences, Ambiguity aversion
- Cash flow shocks structre and corporate policies
Principal Economist
Board of Governors of the Federal Reserve System
2017 - presentAssociate Professor
University of Texas - Dallas
2013 - 2017Economist
Board of Governors of the Federal Reserve System
2011 - 2013Assistant Professor
University of Texas - Dallas
2006 - 2011Assistant Professor
University of Minnesota
2000 - 2006
- Cautious Risk Takers: Investor Preferences and Demand for Active Management
Valery Polkovnichenko, Kelsey D. Wei, and Feng Zhao
Journal of Finance (2019)
https://doi.org/10.1111/jofi.12747 - Fiscal Policy and Asset Prices with Incomplete Markets
Francisco Gomes, Alexander Michaelides, and Valery Polkovnichenko
Review of Financial Studies (2013)
https://doi.org/10.1093/rfs/hhs110 - Probability Weighting Functions Implied in Options Prices
Valery Polkovnichenko and Feng Zhao
Journal of Financial Economics (2013)
https://doi.org/10.1016/j.jfineco.2012.09.008 - Risk Attitudes toward Small and Large Bets in the Presence of Background Risk
David A. Chapman and Valery Polkovnichenko
Review of Finance (2011)
https://doi.org/10.1093/rof/rfq037 - Individual Investor Portfolios
Valery Polkovnichenko
Behavioral Finance: Investors, Corporations, and Markets (2010)
https://doi.org/10.1002/9781118258415 - Quantifying the Distortionary Fiscal Cost of 'The Bailout'
Francisco J. Gomes, Alexander Michaelides, and Valery Polkovnichenko
CEPR Discussion Paper Series (2010)
https://doi.org/10.2139/ssrn.1619462 - First-Order Risk Aversion, Heterogeneity, and Asset Market Outcomes
David A. Chapman and Valery Polkovnichenko
Journal of Finance (2009)
https://doi.org/10.1111/j.1540-6261.2009.01482.x - Optimal Savings with Taxable and Tax-Deferred Accounts
Francisco Gomes, Alexander Michaelides, and Valery Polkovnichenko
Review of Economic Dynamics (2009)
https://doi.org/10.1016/j.red.2009.01.004 - Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Labor Income Risk
Valery Polkovnichenko
Review of Financial Studies (2007)
https://doi.org/10.1093/rfs/hhl006 - Household Portfolio Diversification: A Case for Rank-Dependent Preferences
Valery Polkovnichenko
Review of Financial Studies (2005)
https://doi.org/10.1093/rfs/hhi033 - Wealth Accumulation and Portfolio Choice with Taxable and Tax-Deferred Accounts
Francisco J. Gomes, Alexander Michaelides, and Valery Polkovnichenko
CEPR Discussion Paper Series (2005) - Limited Stock Market Participation and the Equity Premium
Valery Polkovnichenko
Finance Research Letters (2004)
https://doi.org/10.1016/j.frl.2003.11.001 - Portfolio Choice and Wealth Accumulation with Taxable and Tax-Deferred Accounts
Francisco Gomes, Alexander Michaelides, and Valery Polkovnichenko
FMG Discussion Papers (2004) - Human Capital and the Private Equity Premium
Valery Polkovnichenko
Review of Economic Dynamics (2003)
https://doi.org/10.1016/S1094-2025(03)00051-6
conference
2019China International Conference in Finance
On the (Im)Possibility of Estimating Expected Return from Risk-Neutral Variance
discussion
2019World Symposium on Investment Research
Discussion of "The Implications of Financial Innovation for Capital Markets and Household Welfare" (by Adrian Buss, Raman Uppal, Grigory Vilkov)
discussion
2018EFA
Discusssion of "Turning Alphas into Betas: Arbitrage and the Cross-section of Risk" (by Thummim Cho)
conference
2017FMA
Ambiguity aversion and Portfolio Efficiency Tests
discussion
2017FMA
Discussion of "Correlation Uncertainty, Heterogeneous Beliefs, and Asset Prices" (by Junya Jiang Weidong Tian)
conference
2016EFA
Corporate savings and investment with permanent and transitory shocks
seminar
2015McGill University
Cautious risk takers: investor preferences and demand for active management
discussion
2015Lone star finance conference
Discussion of "Index Option Returns and Generalized Entropy Bounds" (by Yan Liu)
conference
2015AFA
Cautious risk takers: investor preferences and demand for active management
conference
2014NBER SI (Capital markets and the economy)
Corporate savings and investment with permanent and transitory shocks
conference
2014Mitsui finance symposium, FIRS, Erasmus U Investment management conference
Cautious risk takers: investor preferences and demand for active management
Awards
- 2013
FMA Asia conference
Best paper in asset pricing
- 1999
Western Finance Association
WFA Conference Kenneth Trefftz Award
Conference Organization
September 2008
Lone Star Finance Conference
Conference Organizer
October 2007
Financial Management Association
Session Organizer
Referee
- American Economic Review
- European Economic Review
- Finance Research Letters
- Journal of Business and Economic Statistics
- Journal of Economic Dynamics and Control
- Journal of Finance
- Journal of Money, Credit, and Banking
- Journal of Political Economy
- Management Science
- Mathematical Finance
- Review of Asset Pricing Studies
- Review of Economic Dynamics
- Review of Economic Studies
- Review of Economics and Statistics
- Review of Financial Studies
- Review of Finance
Professional Affiliation
- American Finance Association
- American Economic Association
- Econometric Society
- Society of Financial Studies