معرفی
Jessica A. Wachter is the Dr. Bruce I. Jacobs Professor in Quantitative Finance at the Wharton School of the University of Pennsylvania. She is a leading scholar in asset pricing and behavioral finance, with significant contributions to understanding rare events and investor memory in financial decision-making.
- PhD in Business Economics and AB in Mathematics from Harvard University
- Editor of Review of Financial Studies
- Former Chief Economist and Director of DERA at SEC (2021-2025)
- Published in top journals: Journal of Finance, Journal of Financial Economics, Quarterly Journal of Economics
Her research explores asset pricing anomalies through Bayesian learning, correlation neglect, and representativeness heuristics. Recent work examines superstitious investors, sovereign default risk, and experience-driven behavioral biases in trading decisions.
Key research themes:
- Stochastic disaster risk modeling
- Experience-based investor behavior
- Time-varying equity premiums
- Dynamic asset pricing
- Human capital risk
- Memory effects in economic decisions
She has served on editorial boards of major finance journals and held academic positions at Wharton (2003-present) and NYU Stern School of Business.
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