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The Qatar Centre for Global Banking & Finance welcomes Dr Pedro Bordalo from Saïd Business School at the University of Oxford to present this research seminar on ‘Expectations of Fundamentals and Stock Market Puzzles’.

Does relaxing rational expectations of fundamentals in a standard asset pricing model lead to stock market anomalies? In this virtual seminar, Dr Pedro Bordalo will address this question by incorporating survey expectations of earnings in a dividend discount model to revisit several leading aggregate stock market puzzles.

About the speaker

Dr Pedro Bordalo's 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. His 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.

About the Virtual Seminar Series

The Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly Monday at 2pm and last one hour, including time for questions from attendees.

Click to find out more about our upcoming virtual seminars

At this event

David Aikman

Director of the Qatar Centre for Global Banking & Finance


Advisor, Qatar Centre for Global Banking & Finance