SHLOMO BENARTZI

The Anderson Graduate School of Management at UCLA

110 Westwood Plaza, Los Angeles, CA 90095-1481

TEL. 310-206-9939, Fax 310-267-2193

E-Mail: shlomo.benartzi@anderson.ucla.edu

Education

Ph.D., 1994, Johnson Graduate School of Management, Cornell University, Ithaca, NY.

M.A., 1992, Johnson Graduate School of Management, Cornell University, Ithaca, NY.

B.A., 1989, Tel-Aviv University, Tel-Aviv, ISRAEL (Economics, Cum Laude).

Employment

2002- Associate Professor, Anderson Graduate School of Management, University of California-Los Angeles.

1996-2002 Assistant Professor, Anderson Graduate School of Management, University of California-Los Angeles.

1994-1996 Assistant Professor, University of Southern California.

Publications

1. Thaler, Richard, and Shlomo Benartzi, "Save More Tomorrow: Using Behavioral Economics to Increase Employee Savings," Journal of Political Economy, forthcoming.

2. Benartzi, Shlomo, and Richard Thaler, "How Much Is Investor Autonomy Worth?" Journal of Finance, August 2002, Vol. 57.4, pp. 1593-1616.

3. 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.

4. Benartzi, Shlomo, and Richard Thaler, “Naive Diversification Strategies in Retirement Saving Plans,” American Economic Review, March 2001, Vol. 91.1, pp. 79-98.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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

Benartzi, Shlomo, and Richard Thaler, “Why Do 401(k) Participants Keep Receiving 50 Cents on the Dollar?” University of California-Los Angeles, 2003.

Benartzi, Shlomo, and Richard Thaler, "Sell More Tomorrow: Using Behavioral Economics to Increase Employee Diversification,” University of California-Los Angeles, 2002.

Grullon, Gustavo, Roni Michaely, Shlomo Benartzi, and Richard Thaler, "Changes in Dividends (Still) Signal the Past," University of California-Los Angeles, 2001.

Referee

Accounting Horizon, The Accounting Review, American Economic Review, Journal of Accounting, Auditing and Finance, Journal of Accounting and Economics, Journal of Accounting Research, Journal of Business, The Journal of Finance, Management Science, Quarterly Journal of Economics, and Review of Accounting Studies.

Presentations at other Academic Institutions

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

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.

Advisory Boards (last five years)

ERISA Advisory Council, U.S. Department of Labor.

Investment Advisory Council, Alaska State Pension Investment Board.

Morningstar's ClearFuture Advisory Board.

AWARDs

2001 Robbins Assistant Professor Teaching Award.

Grants

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

Coverage by the Popular Press

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

Consulting Engagements

1. AIG/VALIC

2. Alaska State Pension Investment Board

3. Caterpillar

4. Dalton Gotto Samson & Kilgard (Whetman v. IKON)

5. Financial Engines

6. Florida State Board of Administration

7. The 401kcompany

8. Frank Russell

9. Ibbotson Associates

10. Institute of Investment Research

11. Investment Management Institute

12. Jackson National Life

13. Morningstar

14. ProManage (formerly, Strategic Financial Concepts)

15. Prudential Securities

16. The Scarborough Group

17. Sprenger & Lang

18. Stable Value Investment Association

19. Standard and Poor’s

20. Trust Company of the West

21. U.S. Department of Labor

22. The Vanguard Group

23. Watson Wyatt