Prof. Dr. M.J. van den Assem

+31 20 59 86234
7a-58
m.j.vanden.assem@vu.nl
faculteit der economische wetenschappen en bedrijfskunde ( finance )
Full Professor

Brief personal description


I am a Professor of Finance at VU Amsterdam. My range of research interests particularly includes themes from the fields of financial and behavioral economics. Most of my work is empirical, focused at individual choice, and based on non-standard data. I hold a PhD from Erasmus University Rotterdam (2008), I am affiliated with the Tinbergen Institute as a Research Fellow (TI), and I am an Associate Editor of the Journal of Economic Behavior & Organization (JEBO). In 2016 NWO awarded me a prestigious €800k Vidi research grant.

 

Teaching

      
Behavioral Finance (Field course Tinbergen Institute; TI119)
Financial Decision Making (Elective in Master BA - Financial Management; E_BA_FDM)
Behavioral Finance (Elective in Master Finance; E_FIN_BF)
Finance (Course in BSc International Business Administration; E_IBA2_FIN)
Finance 1 (Course in BSc Business Administration; E_BK2_FIN1)
Behavioral Finance / Financial Decision Making lectures for various postgraduate programmes
Thesis (E_BA_THS_FM / E_FIN_THS)

 

Selected publications


Risky Choice in the Limelight
with Guido Baltussen and Dennie van Dolder (Journal) (SSRN)
Review of Economics and Statistics, 2016 (May), volume 98, issue 2, 318-332

Number Preferences in Lotteries
with Tong Wang, Rogier Potter van Loon and Dennie van Dolder (Journal) (SSRN) (WSJ)
Judgment and Decision Making, 2016 (May), volume 11, issue 3, 243-259

Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show
with Dennie van Dolder, Colin Camerer and Richard Thaler (Journal) (SSRN)
American Economic Review, Papers and Proceedings, 2015 (May), volume 105, issue 5, 402-407

Beyond Chance? The Persistence of Performance in Online Poker
with Rogier Potter van Loon and Dennie van Dolder (Journal) (SSRN)
PLoS ONE, 2015 (March), e0115479

Empirical Behavioral Finance
with Doron Kliger and Remco Zwinkels (Journal) (SSRN)
Journal of Economic Behavior & Organization, 2014 (November), volume 107, Part B, 421-427

Path Dependence in Risky Choice: Affective and Deliberative Processes in Brain and Behavior
with Kaisa Hytönen, Guido Baltussen, Vasily Klucharev, Alan Sanfey, Ale Smidts (Journal) (SSRN)
Journal of Economic Behavior & Organization, 2014 (November), volume 107, Part B, 566-581

Random Incentive Systems in a Dynamic Choice Experiment
with Guido Baltussen, Thierry Post and Peter Wakker (Journal) (SSRN) (Data)
Experimental Economics, 2012 (September), volume 15, issue 3, 418-443

Split or Steal? Cooperative Behavior When the Stakes Are Large
with Dennie van Dolder and Richard Thaler (Journal) (SSRN)
Management Science, 2012 (January), volume 58, issue 1, 2-20

Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show
with Guido Baltussen, Thierry Post and Richard Thaler (Journal) (SSRN) (Data)
American Economic Review, 2008 (March), volume 98, issue 1, 38-71

- more -

 

Working papers


Malleable Lies: Communication and Cooperation in a High Stakes TV Game Show
with Uyanga Turmunkh and Dennie van Dolder (SSRN)

CEOs and CFOs on IPOs: The Process and Success of Going Public
with Nico van der Sar and Philippe Versijp (SSRN)

The Evil Eye: Eye-Gaze and Competitiveness in Social Decision-Making
with Mauro Giacomantonio, Jennifer Jordan, Francesca Federico and Dennie van Dolder

The Wisdom of the Inner Crowd in Three Large Natural Experiments
with Dennie van Dolder

Fluency and Stock Returns
with Maurizio Montone and Remco Zwinkels

- more -

 

Miscellaneous


Research in Behavioral Finance Conference. I am one of the initiators and organizers of the biennial Research in Behavioral Finance Conference (RBFC) series. The first edition was held in September 2014 in Rotterdam, the second and most recent one in September 2016 in Amsterdam. The next RBFC will be in 2018. Photos, programs and other information can be found on the RFBC website.

Special issue JEBO on Empirical Behavioral Finance. Joint with Doron Kliger and Remco Zwinkels I have edited a special issue entitled Empirical Behavioral Finance for the Journal of Economic Behavior and Organization (Vol. 107, Part B, 2014; ScienceDirect). Our introduction includes the results of a short survey among reviewers and authors into the relative importance of different types of research within the theme of empirical behavioral finance. We report evidence that these experts relied on the diversification heuristic when they filled in the questionnaire (SSRN).

Teaching award. I have received a Top Lecturer Award from the Erasmus School of Economics in 2011.

NWO Vidi grant. In May 2016 NWO awarded me a prestigious Vidi research grant worth €800,000 for my proposal "Game show economics: Decision making in high stakes natural experiments." The grant will fund the projects on my research agenda that use TV game shows to analyze the economic behavior of people (Volkskrant).

 

Other publications and popular writing (in English)


A Critical Review of the Fair Value Settlement Procedure for Stock Options
with Oege Pennin and Remco Zwinkels (Pdf) (SSRN)
Applied Finance Letters, 2015, volume 4, issue 1&2, 20-25

Behavioral Economics and a Nudge to Reduce Car Usage (Pdf)
EconomieOpinie.nl, July 29, 2013 (Link)

Poker Is More Than Just a Game of Chance
with Rogier Potter van Loon and Dennie van Dolder
EconomieOpinie.nl, August 30, 2012 (Link)

Big Peanuts
with Dennie van Dolder (Pdf)
FSR Forum
, 2011 (November), volume 14, issue 1, 40-41

The Primary Security Market
Investments, Haim Levy and Thierry Post, November 2004, Prentice Hall, London, 55-66

 

Other publications and popular writing (in Dutch)


Economisch gedrag op televisie
Economisch Statistische Berichten (ESB), 9 februari 2017, 81-83 (Pdf)

Gedragseconomie en het vriendelijk terugdringen van autogebruik
Factor D, 2013, jaargang 31, nummer 3, 24 (Pdf)
EconomieOpinie.nl, 14 juni 2013 (Link)
Nederlands Dagblad, 25 juli 2013 (Pdf)

Big peanuts
met Dennie van Dolder
Tijdschrift voor het Economisch Onderwijs, 2013, nummer 3, 48-50 (Pdf)
EconomieOpinie.nl, 31 mei 2011 (Link)

Coöperatie in spelshows
met Dennie van Dolder
Samenwerking in sociale dilemma's (red. Buskens & Maas) (SSRN)
Boekafl. jaargang 87 Mens & Maatschappij, 2012, Amsterdam University Press, 209-234

Poker is meer dan een kansspel
met Rogier Potter van Loon en Dennie van Dolder
EconomieOpinie.nl, 30 augustus 2012 (Link)

Proefschriftbespreking
Economisch Statistische Berichten (ESB), 3 okober 2008, 606 (Pdf)

Economieles in de pokerpit (Pdf)
EconomieOpinie.nl, 17 september 2008 (Link)
NRC Handelsblad, NRC Next, 25 september 2008 (Pdf)

De ene euro is de andere niet
met Guido Baltussen en Thierry Post
Economisch Statistische Berichten (ESB), 13 juli 2007, 427-428 (Pdf)

Miljoenenjacht: voer voor economen
met Thierry Post
Economisch Statistische Berichten (ESB), 16 december 2005, 538-539 (Pdf)
Behavioural Finance, Symposiumbundel FST, 23 februari 2006
FSR Forum, Financiële Studievereniging Rotterdam, maart 2006
Fiducie, Financiële Studievereniging Amsterdam, maart 2006

De totstandkoming van de introductieprijs bij IPO's
met Nico van der Sar, Geert-Jan van Logtestijn, Roeland Haanen en Robartus Krol
Maandblad Accountancy en Bedrijfseconomie (MAB), mei 2004, 223-232 (Pdf)

Particuliere belegger buiten spel bij expiratie opties
Economisch Statistische Berichten (ESB), 25 januari 2002, 64-67 (Pdf)

Spreken de financiële pagina's voor zich? (Pdf)
met Nico van der Sar
Tijdschrift voor het Economisch Onderwijs, augustus 2001, 205-211

Daling KPN-koers niet te wijten aan winstverwatering
met Nico van der Sar
Het Financieele Dagblad, 23 juni 2001, 7 (Pdf)

De beursgang van Nederlandse ondernemingen
met Erik de Boer en Michel Muurmans
FamilieBedrijf, juni/juli 1999, 44-45 (Pdf)

De beursgang van Nederlandse ondernemingen
met Erik de Boer en Michel Muurmans 
Ernst & Young Corporate Finance BV, 1998, 48 pp.

 

Contact


E: m.j.vanden.assem@vu.nl
T: +31 (0) 20 59 86 234
A: De Boelelaan 1105, Room HG-7A-98, 1081 HV Amsterdam, the Netherlands

 

Nevenwerkzaamheden

ASRE - Gastdocent Amsterdam, 01 september 2016
Laatste wijzigingen Nevenwerkzaamheden: Amsterdam 06 februari 2017