Francis A. Madsen Professor of Finance; Assistant Dean for Research and External Funding; Daniels Professor of Ethics
Elena Asparohova is the Francis A. Madsen Professor of Finance and the Assistant Dean for Research and External Funding at the David Eccles School of Business. She received her doctorate degree in Social Sciences from the California Institute of Technology and her Masters in Statistics from Sofia University, Bulgaria. Professor Asparouhova’s research interests are in the area of theoretical and experimental financial economics. They include but are not confined to the theory of asset pricing, experimental finance, general equilibrium theory, and econometrics. Her recent work has been centered on the effects of competition in financial markets under delegation and under asymmetric information, information percolation in dark markets, the role of perfect forecast in multi period markets, and market equilibration. She is also involved in experimental research on the interaction of humans and robots in financial markets. She is interested in using experimentation to test the theoretical predictions of standard models as well as to discover robust phenomena on which to build new theory where those models’ predictions are known to be indeterminate. Her papers have received best paper awards at the Journal of Financial Markets and the Review of Finance. Her experimental research “Lucas in the Laboratory” was recently awarded the best paper at the Behavioral Finance and Capital Markets Conference in Australia. In addition, Professor Asparouhova’s research has been continuously funded by the National Science Foundation for the last eight years. If you have any questions about Professor Asparouhova’s research, please email her.