Ideas Made to Matter
Want to invest wisely? Check your prior beliefs at the door
When investors cling to existing beliefs, they underestimate good financial advice and miss out on opportunities, new research finds.
Jun 24, 2024
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Antoinette Schoar
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Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance, MIT Sloan School of Management.
She holds a PhD in Economics from the University of Chicago and an undergraduate degree from Germany. Her research interests span from entrepreneurial finance to fintech, consumer finance, and financial intermediation. She has received several awards including the Kauffman Prize Medal for Distinguished Research in Entrepreneurship and the Brattle Prize for best paper in The Journal of Finance.
She is the co-chair of the NBER Corporate Finance group. She has served as an associate editor of The Journal of Finance, The American Economic Journal: Applied Economics, and the Journal of Economic Perspectives.
She also is the cofounder of ideas42, a non-profit organization that uses insights from behavioral economics and psychology to solve social problems.
Current Research Focus: Schoar's current research focuses on the areas of consumer finance, entrepreneurial finance, cryptocurrencies and blockchain technology as well as new financial technologies. Some of her ongoing projects investigate competition in credit card markets, applications of behavioral economics to consumer finance and cryptocurrency trading, governance of proof of stake and proof of work blockchains, and decentralized finance (DeFi). She is also the executive editor of the Journal of Finance, the cochair of the NBER Corporate Finance group, and a cofounder of ideas42, a non-profit that uses insights from behavioral economics and psychology to solve social problems.
Honors
Antoinette Schoar has received the Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship
NBER Corporate Finance program appoints Schoar as co-director
Publications
"Are Cryptos Different? Evidence from Retail Trading."
Kogan, Shimon, Igor Makarov, Marina Niessner, and Antoinette Schoar. Journal of Financial Economics. Forthcoming.
"Demand-side and Supply-side Constraints in the Market for Financial Advice."
Reuter, Jonathan and Antoinette Schoar. Annual Review of Financial Economics. Forthcoming. NBER Working Paper No.32452.
"Heuristics on Call: The Impact of Mobile-Phone-Based Business-Management Advice."
Cole, Shawn, Mukta Joshi, and Antoinette Schoar. The World Bank Economic Review. Forthcoming. SSRN.
"Revenue Collapses and the Consumption of Small Business Owners in the Early Stages of the COVID-19 Pandemic."
Kim, Olivia S., Jonathan A. Parker, and Antoinette Schoar, Working Paper. February 2024. Video Summary. NBER Working Paper 28151.
"The Effect of Managers on Systematic Risk."
Schoar, Antoinette, Kelvin Yeung, and Luo Zuo. Management Science Vol. 70, No. 2 (2024): 815-833. Accepted Manuscript.
"Working from Home, Worker Sorting and Development."
Atkin, David, Antoinette Schoar, and Sumit Shinde, MIT Sloan Working Paper 7011-24. Cambridge, MA: MIT Sloan School of Management, December 2023. NBER Working Paper No. 31515.
Recent Insights
Ideas Made to Matter
How crypto investors behave — and why the industry needs regulation
Two new MIT Sloan research papers explore how retail traders deal in crypto and why Terra Luna crashed in 2022.
Dec 4, 2023
Media Highlights
Press
Source:
The Harvard Law School Forum on Corporate Governance (Opinion Piece)
Anatomy of a run: The Terra Luna crash
"The collapse of Terra in May 2022 marked the first major run in crypto and contributed to the collapse of several other key players."
Press
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MarketWatch
How your vote for Democrats or Republicans affects your stock market ret...
MIT Sloan research focused on the portfolio changes made by a large group of investors in the wake of the November 2016 election.
Press
Source:
The Harvard Law School Forum on Corporate Governance (Opinion Piece)
Retail financial innovation and stock market dynamics: The case of targe...
"We show that the rise of TDFs has changed the flow of investor funds across funds and started affecting the prices and returns of stocks."
Press
Source:
CoinDesk
DeFi can exacerbate volatility without even avoiding middlemen, BIS repo...
"The economic forces that allow intermediaries to hold market power in traditional finance might still exist in the DeFi world."
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