Research AreasAsset Pricing with Asymmetric
Professor Breon-Drish conducts primarily theoretical research on the effects of asymmetric information in financial markets. His current work focuses on the interaction between price informativeness and investor learning and its impact on asset prices. He has also studied the market timing ability of mutual fund managers.
Breon-Drish earned his Ph.D. in Finance from the University of California, Berkeley in 2011. Prior to that he earned a BBA in Finance from the University of Iowa in 2005 and an MS in Finance in 2008 from the University of California, Berkeley.
On Existence and Uniqueness of Equilibrium in a Class of Noisy Rational Expectations Models, Review of Economic Studies, 2015.
Working and Work In Progress Papers
Dynamic Information Acquisition and Strategic Trading (with Snehal Banerjee)
Strategic Trading and Return Predictability
Do Fund Managers Make Informed Asset Allocation Decisions? (with Jacob S. Sagi)
The Value of Information in Financial Markets with Non-Gaussian Shocks
Wealth and Trading Activity in a Dynamic Asset Pricing Model