Valery Polkovnichenko

Associate Professor - Management
vxp065000@utdallas.edu
972-883-5858
SOM14322
UTD Webpage
Tags: Financial & Managerial Economics

Professional Preparation

PhD - Finance
Northwestern University - 2000
Diploma - Applied Mathematics and Physics
Moscow Institute of Physics and Technology - 1995

Research Areas

RESEARCH INTERESTS
  • Portfolio choice, asset pricing, heterogeneous agents, macro-finance, non-expected utility preferences

Publications

Fiscal Policy and Asset Prices with Incomplete Markets, 2013, with Francisco Gomes and Alexander Michaelides, The Review of Financial Studies, 26(2), pp. 531-66 2013 - Publication
“Probability Weighting Functions Implied in Option Prices” 2012, with Feng Zhao, forthcoming, Journal of Financial Economics 2012 - Publication
“Individual Investor Portfolios”, 2010, in “Behavioral Finance” (Robert Kolb series in Finance) by Kent Baker and John Nofsinger, eds., John Wiley & Sons, Hoboken, New Jersey. 2011 - Publication
“Risk attitude toward small and large bets in the presence of background risk”, 2011, with David Chapman, The Review of Finance, 15(4), pp. 909-27. Abstract and working paper (last unpublished version). 2011 - Publication
"Wealth accumulation and portfolio choice with taxable and tax-deferred accounts," December 2009, with Francisco Gomes and Alexander Michaelides, Review of Economic Dynamics, 12(4), pp. 718-35 Abstract and working paper (last SSRN version). 2009 - Publication
"First Order Risk Aversion, Heterogeneity in Preferences and Asset Markets Outcomes," August 2009, with David Chapman, The Journal of Finance, 64(4), pp. 1863-88 Abstract and working paper (last SSRN version) 2009 - Publication
Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Income Risk. Review of Financial Studies. 2007. 2007 - Publication
Household Portfolio Diversification: A Case for Rank-Dependent Preferences. Review of Financial Studies. 18.4. (2005): 1467-1502. 2005 - Publication
Limited Stock Market Participation and the Equity Premium. Finance Research Letters. 1. (2004): 24-34. 2004 - Publication
Human Capital and the Private Equity Premium. Review of Economic Dynamics. 6.4. (2003): 831-845. 2003 - Publication

Appointments

Asscoiate Professor
University of Texas at Dallas [2013–Present]
Economist
Federal Reserve Board of Governors [2011–2013]
Assistant Professor
University of Texas at Dalla [2006–2013]
visitor
Federal Reserve Bank of Minneapolis [2002–2006]
Assistant Professor
University of Minnesota [2000–2006]
Teaching Specialist
University of Minnesota [1999–2000]
Lecturer
Northwestern University, [1998–1999]

Additional Information

PhD STUDENTS: JOINT RESEARCH WORK AND OTHER COMMITTEE SERVICE
  • Yihua Zhao, joint research project, UTD Finance PhD candidate
  • Seong-Kyu Byun, joint research project, UTD Finance PhD candidate
  • Cathy Cao, committee member, UTD Finance PhD 2010
  • Yiyu Shen, committee member, UTD Finance PhD 2007
  • Jim Gunderson, co-adviser, UMN Finance PhD 2004
  • Alexei Serednyakov, co-adviser, UMN Finance PhD 2006
  • Igor Kojanov, committee member, UMN Finance PhD 2007
  • External PhD exam chair: Hui Ma, Cathy Qun Xu (Computer Science, UTD), External Committee Member Economics Department, UMN: Thorsten Koehpl, Aleh Tsyvinski, Mikhail Golosov, Patrick Leoni, Alexander Uberfeldt, Sami Alpanda, Alexiy Krivtzov, Oksana Lekhina, Tetyana Dubovuk, Stanley Cho, Vadim Lepetyuk.
HONORS, AWARDS and GRANTS
  • Best paper award, 2013 FMA Asia conference in Shanghai
  • UBS Pensions Research Program Visiting scholar, Financial Markets Group, London School of Economics, June 2003, June 2004.
  • McKnight Foundation Business and Economics Research Grant (competitive grants awarded in the summers of 2002, 2003, 2004, 2005).
  • WFA conference Kenneth Trefftz Award for best doctoral student paper, 1999 (with Ilan Kremer).
  • Dean's Fellowship, Kellogg Graduate School of Management, 1998.
  • Finance Department Fellowship, Kellogg Graduate School of Management, 1998.
  • Northwestern University Graduate Scholarship, 1995-1999.
  • Diploma with excellence (cum laude), Moscow Institute of Physics and Technology (MFTI), 1995.
  • Pew Foundation Visiting Fellowship, Russian Research Center, Harvard University, 1993
SERVICE
  • Seminar Coordinator (2010-2011)
  • Recruiting Committee (2007, 2008, 2009-2010)
  • Conference committee (department representative), Lone Star Finance Conference (2009, 2010)
  • Organizer of the Lone Star Finance Conference at UTD (2008)
  • Conference committee (session organizer), FMA (2007)
  • PhD Admissions (2000, 2001, 2002, 2008, 2009, 2010)
  • PhD Preliminary Exam Committee (2000, 2001, 2002, 2004, 2005, 2007, 2008, 2009, 2010)
  • Department Seminar Committee (2000-2001, 2001-2002, 2002-2003)
  • Search Committee for Asset Pricing Chair (2000-2001, 2001-2002)
  • Research Computing (2000-2001)