How crypto investors behave — and why the industry needs regulation
Two new MIT Sloan research papers explore how retail traders deal in crypto and why Terra Luna crashed in 2022.
Faculty
Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance, MIT Sloan School of Management.
She holds a PhD in Economics from the University of Chicago and an undergraduate degree from Germany. Her research interests span from entrepreneurial finance to fintech, consumer finance, and financial intermediation. She has received several awards including the Kauffman Prize Medal for Distinguished Research in Entrepreneurship and the Brattle Prize for best paper in The Journal of Finance.
She is the co-chair of the NBER Corporate Finance group. She has served as an associate editor of The Journal of Finance, The American Economic Journal: Applied Economics, and the Journal of Economic Perspectives.
She also is the cofounder of ideas42, a non-profit organization that uses insights from behavioral economics and psychology to solve social problems.
Current Research Focus: Schoar's current research focuses on the areas of consumer finance, entrepreneurial finance, cryptocurrencies and blockchain technology as well as new financial technologies. Some of her ongoing projects investigate competition in credit card markets, applications of behavioral economics to consumer finance and cryptocurrency trading, governance of proof of stake and proof of work blockchains, and decentralized finance (DeFi). She is also the executive editor of the Journal of Finance, the cochair of the NBER Corporate Finance group, and a cofounder of ideas42, a non-profit that uses insights from behavioral economics and psychology to solve social problems.
Kogan, Shimon, Igor Makarov, Marina Niessner, and Antoinette Schoar. Journal of Financial Economics. Forthcoming.
Schoar, Antoinette, Kelvin Yeung, and Luo Zuo. Management Science. Forthcoming. Accepted Manuscript.
Kim, Olivia S., Jonathan A. Parker, and Antoinette Schoar, Working Paper. February 2024. Video Summary. NBER Working Paper 28151.
Parker, Jonathan A., Antoinette Schoar, Allison Cole, and Duncan Simester (Conditionally Accepted at Journal of Finance), MIT Sloan Working Paper 6226-20. Cambridge, MA: MIT Sloan School of Management, October 2023. Appendix.
Parker, Jonathan A., Antoinette Schoar, and Yang Sun. Journal of Finance Vol. 78, No. 5 (2023): 2673-2723. Harvard Law School Forum. Appendix.
Liu, Jiageng, Igor Makarov, and Antoinette Schoar, MIT Sloan Working Paper 6847-23. Cambridge, MA: MIT Sloan School of Management, April 2023. NBER Working Paper No. 31160.
Two new MIT Sloan research papers explore how retail traders deal in crypto and why Terra Luna crashed in 2022.
Hong Ru, MFin ’10, PhD ’15, and Juno Wei Chen, MFin ’10, are grateful for the chance to give back to the place where they met and set off on their respective career paths.
"The collapse of Terra in May 2022 marked the first major run in crypto and contributed to the collapse of several other key players."
MIT Sloan research focused on the portfolio changes made by a large group of investors in the wake of the November 2016 election.
"We show that the rise of TDFs has changed the flow of investor funds across funds and started affecting the prices and returns of stocks."
"The economic forces that allow intermediaries to hold market power in traditional finance might still exist in the DeFi world."
This course provides you with a balanced perspective of the crypto space. Over eight weeks, you’ll gain insights into the economics of blockchain technologies, including digital assets, stablecoins, DeFi, NFTs, and Web 3 applications. You’ll also learn about the future of blockchain technology and the possibilities that lie ahead in the crypto space — from finance to the metaverse.
The Advanced Management Program (AMP) is a month-long senior executive program designed for a diverse group of experienced leaders seeking transformative learning among global peers. AMP participants will engage in custom learning components led by MIT’s world-renowned faculty, including interactive classroom sessions, management simulations, case studies, 1:1 leadership coaching, and individualized feedback assessments. Participants will also explore the many companies, labs and centers that make MIT and surrounding Kendall Square the epicenter of innovation worldwide.