Xavier Gabaix
Encyclopedia
Xavier Gabaix is a French
economist
, currently a Professor of Finance at the New York University
Stern School of Business. He has been listed among the top 8 young economists in the world by The Economist
.
He was awarded the American Finance Association Fischer Black Prize
, 2011. The award is given to a young researcher whose body of work "best exemplifies the Fischer Black hallmark of developing original research that is relevant to finance."
Gabaix has many notable and highly original research contributions on a number of subjects in financial economics, including the level of compensation of corporate executives, and behaviorally influenced decision making and its influence on asset market behavior. In some of his work, he has cleverly exploited axiom-based models of the shapes of the tails of probability distributions. A hallmark of Professor Gabaix's research style is his propensity to take unexpected directions.
He was the winner of the 2010 Bernacer Prize
to the best European economist under 40 working in macro-finance for his original research contributions in financial and behavioural economics, including the consequences of seemingly irrational behaviour on asset markets, and his analysis of the level of compensation of corporate executives.
In 2011, he was awarded the Prix du meilleur jeune économiste de France, a prize awarded yearly to a French economist under forty years of age «who has combined recognized expertise with active participation in public debate».
Gabaix mostly researches asset pricing, behavioral economics, and macroeconomics
. He holds an M.A.
in Mathematics from the Ecole Normale Supérieure
, as well as a Ph.D.
in Economics from Harvard University
. He previously held a position as Associate Professor of Economics at the Massachusetts Institute of Technology
.
French people
The French are a nation that share a common French culture and speak the French language as a mother tongue. Historically, the French population are descended from peoples of Celtic, Latin and Germanic origin, and are today a mixture of several ethnic groups...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
, currently a Professor of Finance at the New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
Stern School of Business. He has been listed among the top 8 young economists in the world by The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
.
He was awarded the American Finance Association Fischer Black Prize
Fischer Black Prize
Fischer Black Prize is a memorial prize awarded in honor of Fischer Black that rewards individual financial research. The prize was established in 2002 and first awarded in 2003. It is awarded to a financial scientist for a body of work that demonstrates significant original research that is...
, 2011. The award is given to a young researcher whose body of work "best exemplifies the Fischer Black hallmark of developing original research that is relevant to finance."
Gabaix has many notable and highly original research contributions on a number of subjects in financial economics, including the level of compensation of corporate executives, and behaviorally influenced decision making and its influence on asset market behavior. In some of his work, he has cleverly exploited axiom-based models of the shapes of the tails of probability distributions. A hallmark of Professor Gabaix's research style is his propensity to take unexpected directions.
He was the winner of the 2010 Bernacer Prize
Germán Bernácer Prize
The Germán Bernácer Prize has been awarded annually since 2001 to recognize economic research by European economists under 40. The prize is named for Germán Bernácer, an early Spanish macroeconomist....
to the best European economist under 40 working in macro-finance for his original research contributions in financial and behavioural economics, including the consequences of seemingly irrational behaviour on asset markets, and his analysis of the level of compensation of corporate executives.
In 2011, he was awarded the Prix du meilleur jeune économiste de France, a prize awarded yearly to a French economist under forty years of age «who has combined recognized expertise with active participation in public debate».
Gabaix mostly researches asset pricing, behavioral economics, and macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
. He holds an M.A.
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
in Mathematics from the Ecole Normale Supérieure
École Normale Supérieure
The École normale supérieure is one of the most prestigious French grandes écoles...
, as well as a Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
in Economics from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
. He previously held a position as Associate Professor of Economics at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
.