Research AreasRational expectations
Difference of opinions
Industry AreasFinancial markets
Banerjee's research interests include information, learning and disagreement in financial markets, liquidity, behavioral finance and asset pricing. His current research involves studying the effects of uncertainty about other investors on asset prices.
Banerjee earned his Ph.D. from Stanford University's Graduate School of Business and his B.A. in Economics, Mathematics and Computer Science from Brandeis University. Prior to his arrival at the Rady School, Banerjee was an Associate Professor of Finance at the Kellogg School of Management.
When transparency improves, must prices reflect fundamentals better? (with J. Davis and N. Gondhi), Review of Financial Studies, 2018, 31(6):2377-2414
Signal or noise? Uncertainty and learning about whether other traders are informed (with B. Green), Journal of Financial Economics, 2015, 117(2):398-423
Trading in Derivatives when the Underlying is Scarce (with J. J. Graveline), Journal of Financial Economics, 2014, 111(3):589-608
Learning from Prices and the Dispersion in Beliefs, Review of Financial Studies, 2011, 24(9):3025-3068
Disagreement and Learning: Dynamic Patterns of Trade (with I. Kremer), Journal of Finance, 2010, 65(4):1269-1302
Price Drift as an Outcome of Differences in Higher Order Beliefs (with R. Kaniel and I. Kremer), Review of Financial Studies, 2009, 22(9):3707-3734
Choosing to Disagree in Financial Markets (with J. Davis and N. Gondhi)
Strategic trading, unobservable information acquisition and market breakdowns (with B. Breon-Drish)
Leaks, disclosures and internal communication (with T. Kim)
Dynamic Information Acquisition and Entry into New Markets (with B. Breon-Drish)
Conceal to Coordinate (with T. Kim and V. Mangla)