Shlomo Benartzi's Vita

SHLOMO BENARTZI
Anderson Graduate School of Management at UCLA
110 Westwood Plaza, Los Angeles, CA 90095-1481
TEL. 310-206-9939, Fax 310-267-2193
benartzi@ucla.edu
(Updated September 1, 2010)

EDUCATION

Ph.D., 1994, Johnson Graduate School of Management, Cornell University, Ithaca, NY.
B.A., 1989, Tel-Aviv University, Tel-Aviv, ISRAEL (Economics, Cum Laude).

EMPLOYMENT

2007- Professor, Anderson Graduate School of Management, UCLA.
2002-2007 Associate Professor, Anderson Graduate School of Management, UCLA.
1996-2002 Assistant Professor, Anderson Graduate School of Management, UCLA.
1994-1996 Assistant Professor, University of Southern California.

ADMINISTRATIVE ASSIGNMENTS

2010 Co-editor, Journal of Market Research, Special Issue on Consumer Financial Decision Making
2009-2010 Associate Editor, Management Science
2006- Co-founder, the Behavioral Finance Forum ( www.behavioralfinanceforum.com )
2004- Co-chair, the Interdisciplinary Group on Behavioral Decision Making, Anderson Graduate School of Management, UCLA.

PUBLICATIONS

  1. Loewenstein, George, Cynthia E. Cryder, Shlomo Benartzi, and Alessandro Previtero, “Materializing Mental Accounts,” in Mick, David (Ed.), Transformative Consumer Research, forthcoming.
  2. Benartzi, Shlomo, Ehud Peleg, and Richard H. Thaler, “Choice Architecture and Retirement Saving Plans,” in Shafir, Eldar (Ed.), The Behavioral Foundations of Policy, Russell Sage Foundation and Princeton University Press, forthcoming.
  3. Weld, William C., Roni Michaely, Richard H. Thaler, and Shlomo Benartzi, “The Nominal Price Puzzle,” Journal of Economic Perspectives, Spring 2009, Vol. 23.2, pp. 121-142.
  4. Benartzi, Shlomo, and Richard H. Thaler, “Heuristics and Biases in Retirement Savings Behavior,” Journal of Economic Perspectives, Summer 2007, Vol. 21.3, pp. 81-104.
  5. Benartzi, Shlomo, Richard H. Thaler, Stephen P. Utkus, and Cass R. Sunstein, “The Law and Economics of Company Stock in 401(k) Plans,” The Journal of Law and Economics, May 2007, Vol. 50.2, pp. 45 - 79.
  6. Grullon, Gustavo, Roni Michaely, Shlomo Benartzi, and Richard Thaler, "Dividend Changes Do Not Signal Changes in Future Profitability," Journal of Business, September 2005, Vol. 78.5, pp. 1659-1682.
  7. Thaler, Richard, and Shlomo Benartzi, "Save More Tomorrow: Using Behavioral Economics to Increase Employee Savings," Journal of Political Economy, February 2004, Vol. 112.1, Part 2, pp. S164-S187.
  8. Benartzi, Shlomo, and Richard Thaler, "How Much Is Investor Autonomy Worth?" Journal of Finance, August 2002, Vol. 57.4, pp. 1593-1616.
  9. Benartzi, Shlomo, "Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock?" Journal of Finance, October 2001, Vol. 56.5, pp. 1747-1764.
  10. Benartzi, Shlomo, and Richard Thaler, “Naive Diversification Strategies in Retirement Saving Plans,” American Economic Review, March 2001, Vol. 91.1, pp. 79-98.
  11. Amir, Eli, and Shlomo Benartzi, “Accounting Recognition and the Determinants of Pension Asset Allocation,” Journal of Accounting, Auditing and Finance , Summer 1999, Vol. 14.3, pp. 321-343.
  12. Benartzi, Shlomo, and Richard Thaler, “Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments,” Management Science, March 1999, Vol. 45.3, pp. 364-381.
  13. Amir, Eli, and Shlomo Benartzi, “The Expected Rate of Return on Pension Funds and Asset Allocation as Predictors of Portfolio Performance,” The Accounting Review, July 1998, Vol. 73.3, pp. 335-352.
  14. Benartzi, Shlomo, Roni Michaely, and Richard Thaler, "Do Dividends Signal the Future or the Past?" Journal of Finance, July 1997, Vol. 52.3, pp. 1007-1034.
  15. Amir, Eli, and Shlomo Benartzi, “Reported Income and the Expected Rate of Return on Pension Assets,” Journal of Financial Statement Analysis, Winter 1997, Vol. 2.2, pp. 17-25.
  16. Benartzi, Shlomo, and Richard Thaler, "Myopic Loss-Aversion and the Equity Premium Puzzle," Quarterly Journal of Economics, February 1995, Vol. 110.1, pp. 73-92.

Working Papers

  1. Benartzi, Shlomo, Alessandro Previtero, and Richard Thaler, “Annuity Puzzles,” in progress.
  2. Muthulingam, Suresh, Charles J. Corbett, Shlomo Benartzi, and Bohdan Oppenheim, “Managerial Biases and Energy Savings: An Empirical Analysis of the Adoption of Process Improvement Recommendations,” University of California-Los Angeles, 2009.
  3. Benartzi, Shlomo, and Richard Thaler, "Using Behavioral Economics to Increase Employee Diversification in 401(k) Plans: Solving the Company Stock Problem,” University of California-Los Angeles, 2003.

AWARDS

2005 The TIAA-CREF Paul A. Samuelson Award.
2001 Robbins Assistant Professor Teaching Award.

GRANTS

Center for International Business and Economic Research at UCLA, FINRA, Institute of Management & Administration, Reish Luftman McDaniel & Reicher, TIAA-CREF, U.S. Department of Labor, The Vanguard Group.

PRESENTATIONS AT OTHER ACADEMIC INSTITUTIONS

2009 UC Irvine
2008 Oxford University
2007 London Business School
2006 INSEAD
2004 University of Auckland, City University of London, Interdisciplinary Center in Herzelia
2002 University of Washington, Emory, Duke University
2001 University of Chicago (Behavioral Science)
2000 Stanford University, Tel Aviv University, Hebrew University, Yale, and MIT (Marketing).
1999 London Business School and the University of Michigan.
1998 University of California-Irvine.
1997 Hong Kong University of Science and Technology, University of California-Berkeley, and NYU.
1996 Hebrew University and Columbia University.

CONFERENCE PRESENTATIONS

2006 Behavioral Decision Research in Management.
2005 Congressional Staff Briefing organized by the Joint Economic Committee, Washington, D.C.; Interdisciplinary Center in Herzelia, Israel: Caesarea Center 2nd Annual Conference.
2004 U.K. / U.S. Pension Dialog hosted by Andrew Smith, the U.K. Secretary of State for Work and Pensions, NBER, UC Irvine: Conference on Individual Decisions.
2002 NLI Research (presentation to Japanese government officials), APFA/PACAP/FMA Finance Conference.
2001 NBER.
2000 The Institute for Quantitative Research in Finance.
1999 NBER and the American Finance Association.
1998 Journal of Accounting, Auditing and Finance; American Accounting Association; Western Finance Association; Pension Research Council; and the Doctoral Internationalization Consortium in Accounting.
1997 Annual Conference on Financial Economics and Accounting, American Accounting Association, Finance and Accounting in Tel-Aviv, Western Finance Association, Employee Benefit Research Institute, and the Institute for Quantitative Investment Research.
1996 The Institute for Quantitative Research in Finance.
1995 Finance in Tel-Aviv and the International Conference on Contemporary Accounting Issues.

COVERAGE BY POPULAR PRESS

ABC News, Barron's, CBS: Market Watch, Chicago Tribune, CNBC, Dow Jones News Service, The Economist, Financial Times, Forbes, Institutional Investor, Investor's Business Daily, KCAL, Los Angeles Times, Money, NBC News, New York Times, Plan Sponsor, Pensions and Investments, The Times, USA Today, Wall Street Journal.

ADVISORY BOARDS

Alaska State Pension Investment Board, Investment Advisory Council.
Fuller and Thaler Asset Management, Inc., Academic Advisory Board.
Guggenheim Partners, Academic Advisory Board.
Morningstar's ClearFuture Advisory Board.
U.S. Department of Labor, ERISA Advisory Council.

CONSULTING ENGAGMENTS

  1. AIG/VALIC
  2. Alaska State Pension Investment Board
  3. AllianceBernstein
  4. Allianz Global Investors
  5. AXA
  6. Barclays Global Investors
  7. BNYMellon
  8. Caterpillar
  9. Dalton Gotto Samson & Kilgard (Whetman v. IKON)
  10. Diversified Investment Advisors
  11. Fidelity Investments
  12. Financial Engines
  13. Florida State Board of Administration
  14. The 401kcompany
  15. Frank Russell
  16. Ibbotson Associates
  17. Jackson National Life
  18. JPMorgan
  19. Keller Rohrback (Household International ERISA litigation, WorldCom ERISA litigation)
  20. Manulife Financial
  21. Morningstar
  22. ProManage (formerly, Strategic Financial Concepts)
  23. Prudential Securities
  24. Rothschild Asset Management
  25. The Scarborough Group
  26. Sprenger & Lang
  27. Stable Value Investment Association
  28. Standard and Poor's
  29. TIAA-CREF
  30. T. Rowe Price
  31. Trust Company of the West
  32. U.K. Department of Work and Pensions
  33. U.S. Department of Labor
  34. The Vanguard Group
  35. Wachovia
  36. Watson Wyatt

TESTIMONIES AND LITIGATION CONSULTING

  1. WorldCom ERISA Litigation, Los Angeles, CA, Dec. 14, 2004.
  2. Nelson v. UBS Global Asset Management, June 7, 2005.
  3. Behavioral Finance, the Market Crisis and Retirement Savings, Comments Presented to the House Education and Labor Committee, San Francisco, October 22, 2008.
  4. Behavioral Finance and the Post-retirement Crisis, Comments Presented to the Department of Labor and Treasury, Washington, DC, September 15, 2010.