---

---

Biography

Tyler Shumway taught finance at the University of Michigan for 25 years. He received his PhD from the University of Chicago and his BA from Brigham Young University. His research interest include behavioral finance, option pricing and default risk.

Education

• Ph. D., Business, University of Chicago, 1996
• B. A., Economics, Brigham Young University, 1991

Selected Publications

• "Portfolio Rebalancing in General Equilibrium", Journal of Financial Economics, Edition 3, Volume 135, Elsevier, 2020
• "Pricing Kernel Monotonicity and Conditional Information", Review of Financial Studies, Edition 2, Volume 31, 2018
• "Are Monthly Market Returns Predictable?", Review of Asset Pricing Studies, Volume forthcoming, Oxford University Press
• "Can Individual Investors Beat the Market?", Review of Asset Pricing Studies, Volume forthcoming, Oxford University Press, Jeffrey Pontiff

Experience

Academic - Post-Secondary

• Professor of Finance, University of Michigan, Ross School of Business, 1995–2020

Awards

• John C. and Sally S. Morley Professor of Finance, University of Michigan, Ross School of Business, 2016
• Smith-Breeden Best Paper Award, Journal of Finance, 2005
• AAII best paper in investments award, Western Finance Association, 2001

Languages

• Spanish