Prof Pedro Bordalo
Fellow, Official Fellow
Professor of Financial Economics
Saïd Business School
MSc Instituto Superior Tecnico, Lisbon; DEA Ecole Normale Superieure, Paris; PhD Univ. Paris VI
Pedro’s areas of expertise are behavioural finance and behavioural economics.
His work has focused on the role of selective attention and memory in driving attitudes towards risk and in shaping the content of beliefs and expectations. This approach can explain key evidence that is puzzling from the perspective of standard rational models, including systematic instability of risk preferences, predictability of stock and bond market returns, predictable forecast errors and boom-bust cycles in credit markets.
Pedro’s research has been published in the Journal of Finance, Journal of Political Economy, the Quarterly Journal of Economics, the Review of Economic Studies, and the American Economic Review, among other leading journals. He has been invited by regulatory entities such as the Competition and Markets Authority (UK), the Federal Trade Commission (US), and the Financial Conduct Authority to present his work and discuss policy implications.
Prior to joining Oxford University, Pedro was a tenured Associate Professor in the Department of Economics at Royal Holloway, University of London. He holds an MSc in Theoretical Physics from the Ecole Normale Superieure and a PhD in Theoretical Physics from Universite Paris VI. He has taught at the London School of Economics and at Harvard University.