FINANCE DEPARTMENT

RESEARCH SEMINARS

IE BUSINESS SCHOOL

Dear colleagues:

TOMORROW, Wednesday 11th of March, Richard Kihlstrom, Professor of Finance and Chairman of the Department of Finance at the Wharton School,  University of Pennsylvania, will present the research seminar entitled:

“Risk aversion and the elasticity of substitution in general dynamic portfolio theory: Consistent planning by forward looking, expected

utility maximizing investors”

Please find the article attached (REKJME.pdf) and a brief CV below.

The seminar will be held in Pinar 18, room CP-211, at 14:00.

If you would like to meet with Prof. Dr. Richard Kihlstrom, please contact Jose Marín (jose.marin@ie.edu).

Hoping you can make it. Best regards,

Anna Downarowicz

Clara Agustín

Prof. Dr. Richard Kihlstrom

Ervin Miller-Arthur M. Freedman Professor of Finance at the University of Pennsylvania

Chairman of the Department of Finance at the Wharton School

Education

PhD in Economics from the University of Minnesota

Bachelor’s degree in Economics from the Purdue University.

Research and Teaching Areas

His research and teaching interests are in the field of information and uncertainty in economics, financial market equilibrium and managerial incentives

Publications

Professor Kihlstrom is the author of numerous articles published in top finance and economics journals, including Econometrica, Bell Journal of Economics, Journal of Political Economy, Review of Economic Studies, Journal of Public Economics, Journal of Banking and Finance, International Economic Review, American Economic Review and Journal of Economic Theory. He is also a member of the editorial boards of several economics and finance journals, including the Journal of Economics and Management Strategy and the Review of Quantitative Finance and Accounting.

Other experience

Aside from his excellent scientific and teaching career, Professor Kihlstrom participated as expert consultant in projects of the United States Agency for International Development, National Science Foundation, United States Tariff Commission and United States Department of Justice. He has been a fellow of the Econometric Society since 1981 and has been awarded several professional honors.