What Role Did Individual Investors Play in the Economic Meltdown? :: Audio
Institutional investors tend to command the most attention when experts analyze the stock market crash of 2008. Tyler Shumway, associate professor of finance at Ross, now examines ways in which individual investors impacted and reacted to the economic meltdown. His assessment shatters some popular myths — panic was not widespread among individual investors, for one. Shumway also explores how some investors' attitudes have changed, and some have not.
Shumway's research examines the structure and function of financial markets and the pricing of financial securities. Some of his recent work concerns bankruptcy prediction and the pricing of corporate bonds, the efficient market hypothesis, and the intersection of psychology and finance.