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
Why AI chatbots can't be trusted for financial advice: They're sociopaths
Should you use AI for financial advice? Professor Andrew W. Lo says not yet. Large language models like Copilot or ChatGPT aren’t suited to being used as financial advisers because they are the digital equivalent of sociopaths — smooth, persuasive and devoid of empathy.
Fareed Zakaria GPS
In this episode of CNN's "Fareed Zakaria GPS," principal research scientist Andrew McAfee said: "Nature is more complicated than we can understand. Now we have a set of technologies — call it generative AI — where if we just feed it a whole bunch of stuff, it can do a remarkable job of figuring out the rules, structure, and what's going on underneath the hood."
Experts issue warning over concerning US foreign policy plan: 'Everybody loses'
"If oil production goes up, climate change will get worse sooner, and everybody loses, including the people of Venezuela," professor John Sterman said. "The climate damages suffered by Venezuela, along with other countries, will almost certainly outweigh any short-term economic benefit of selling a bit more oil."
Why some Republicans voted for more carbon emissions tracking
Congress has directed the US Department of Energy to study the carbon intensity of certain industrial products exported to the European Union. If the Trump administration succeeds in scuttling greenhouse gas reporting requirements, the new study "would potentially be a good way to replace the types of data that were collected under that program," said professor Catherine Wolfram.
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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