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Werner De Bondt

  • Professor and Founding Director, Driehaus Center for Behavioral Finance
  • Department of Finance
  • (312) 362-8394
  • 1 E. Jackson Blvd.
    DePaul Center 5500
    Chicago, IL 60604

Academic Degrees

PhD, Business Administration, Cornell University, 1985
MPA, Public Administration, Cornell University, 1979
MBA, Finance, Catholic University of Louvain, 1978
BSE, Engineering, Universitaire Faculteiten Sint-Ignatius te Antwerpen, 1976


Werner F.M. De Bondt is a finance professor and economist who studies the psychology of financial decision-making. He is one of the founders of the field of behavioral finance and the founding director of the Driehaus Center for Behavioral Finance at DePaul.

De Bondt has examined key concepts of bounded rationality, e.g., people's tendency to exaggerate the true impact of new information, their bent toward wishful thinking or their biased perceptions of risk. De Bondt's research articles have appeared in many books and scholarly journals, including the Journal of Finance, the Financial Analysts Journal, the American Economic Review and the European Economic Review. His work on stock market overreaction and the speculative dynamics of world financial markets has received a great deal of attention in academia and industry.

De Bondt is a frequent speaker to academics and investment professionals around the world. He holds a PhD in business administration from Cornell University. De Bondt is also fluent in Dutch, French, German and English. In past years, he was a member of the faculty at variousuniversities in Europe, including Erasmus University Rotterdam, the University of Zurich, the University of Neuchatel and the University of Luxembourg. Between 1992 and 2003, he was the Frank Graner Professor of Investment Management at the University of Wisconsin-Madison.