PhD
Finance
The Finance group at MIT Sloan delves into the study of markets for real and financial assets, emphasizing the practical applications of modern financial theory widely adopted by Wall Street and corporations. Students gain a robust understanding of foundational theories and acquire the tools necessary for conducting both theoretical and applied research. After completing coursework in microeconomics and macroeconomics, students tailor their research programs with faculty guidance, often contributing to and expanding on faculty research. Notable faculty members include Hui Chen, whose research intersects asset pricing and corporate finance; Deborah Lucas, known for her work on public sector financial management; and Maryam Farboodi, who explores the economics of big data and its impact on financial markets.
Research from Finance Faculty
Good book: How has social media secretly 'hyped' us?
In his book "The Hype Machine," professor Sinan Aral argued that the combination of social media, smartphones, and machine intelligence is designed to exploit weaknesses in human psychology and behavior. From there, this "hype machine" silently affects the way we shop, date, read the news, exercise, and even do charity.
The next step is to convince India
Professor Catherine Wolfram said: "The coalition will be important as a vehicle for building trust, so that countries understand what each other's carbon policies are, but there's also technical work to be done. For example, we need to think about how to compare countries that have carbon pricing implemented for a carbon market and those that have a pricing policy implemented only with a tax or fee."
Will AI replace journalists or test their integrity? What MIT researcher said
Principal research scientist Neil Thompson said: "The trick for reporters over the coming years will be how to harness the positive productivity-improving aspects of AI while keeping the bedrock of trust intact."
What stablecoin regulation means for business
Research scientist Christian Catalini wrote: "A handful of institutions, such as credit card issuers and banks, run the tollbooths of everyday payments, collecting a toll on every swipe, tap, or wire. Consumers believe they are getting a free service, all while the background radiation of invisible fees shapes business models. The passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act presents leaders with new options that could upend that system."
Select Finance Faculty
Full-Time Faculty
Paul Asquith
Gordon Y Billard Professor of Finance
Paul Asquith is the Gordon Y Billard Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. Asquith is a specialist in corporate finance and a media source for the field of corporate finance and control, including…
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Hui Chen
Nomura Professor of Finance
Hui Chen is the Nomura Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. His research focuses on asset pricing and its connections with corporate finance. Chen is particularly interested in the interactions…
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Taha Choukhmane
Albert F. (1942) & Jeanne P. Clear Career Development Assistant Professor in Global Management
Taha Choukhmane is an Assistant Professor of Finance at the MIT Sloan School of Management. He was most recently a postdoctoral fellow at the National Bureau of Economic Research. His research interests lie at the intersection of household finance…
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John C. Cox
Nomura Professor of Finance, Emeritus
John Cox is the Nomura Professor of Finance, Emeritus at the MIT Sloan School of Management. A leading authority on corporate finance and finance theory, Cox has developed an inter-temporal financial model broad enough to include the fundamental…
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