Jessica Wachter

Jessica Wachter
  • Richard B. Worley Professor of Financial Management, Professor of Finance
  • On sabbatical, Spring 2018

Contact Information

  • office Address:

    2459 Steinberg-Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104

Research Interests: asset pricing, financial econometrics, portfolio choice

Links: CV, Personal Website

Overview

Education

Phd, Harvard University, 2000; AB, Harvard College, 1996

Academic Positions Held

Wharton: 2003-present. Previous appointments: Stern School of Business, New York University

Jessica Wachter is currently an associate editor at the Review of Financial Studies, the Journal of Economic Theory, and Mathematics and Financial Economics. Previously, she served on the board of directors of the American Finance Association. She has been a Research Associate of the National Bureau of Economic Research since 2008.  Her research interests include asset pricing models that incorporate rare events, models of portfolio allocation, and financial econometrics.

Continue Reading

Research

Teaching

Past Courses

  • FNCE100 - CORPORATE FINANCE

    This course provides an introduction to the theory, the methods, and the concerns of corporate finance. The concepts developed in FNCE 100 form the foundation for all elective finance courses. The main topics include: 1) the time value of money and capital budgeting techniques; 2) uncertainty and the trade-off between risk and return; 3) security market efficiency; 4) optimal capital structure, and 5) dividend policy decisions. During the Fall semester there are honors sections of FNCE 100 offered. The seats in the honors sections are awarded through an application process. Please go to: https://fnce.wharton.upenn.edu/programs/course-applications for additional information.

  • FNCE911 - FINANCIAL ECONOMICS

    The objective of this course is to undertake a rigorous study of the theoretical foundations of modern financial economics. The course will cover the central themes of modern finance including individual investment decisions under uncertainty, stochastic dominance, mean variance theory, capital market equilibrium and asset valuation, arbitrage pricing theory, option pricing, and incomplete markets, and the potential application of these themes. Upon completion of this course, students should acquire a clear understanding of the major theoretical results concerning individuals' consumption and portfolio decisions under uncertainty and their implications for the valuation of securities.

In the News

Knowledge @ Wharton

Activity

In the News

How Disaster Risk Is Priced into the Stock Market

In normal years, investing in equities can reap extremely healthy returns. But not all of that ROI is based on what you'd think. Some of it is rooted in the fear that everything could go terribly, unexpectedly wrong, Wharton's Jessica Wachter says.

Knowledge @ Wharton - 2015/06/29
All News