Thorsten Hens

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Thorsten Hens

Thorsten Hens (born December 19, 1961) is a German economist and finance academic. According to the Handelsblatt ranking, Hens is among the top 10 economics professors in the German-speaking area (Germany, Switzerland and Austria).

Contents

Biography

Hens is Swiss Finance Institute Professor of Financial Economics and director of the Swiss Banking Institute at the University of Zürich, Switzerland as well as a Fellow of Centre for Economic Policy Research and an Adjunct Professor of Finance at the Norwegian School of Economics and Business Administration in Bergen.

Swiss Finance Institute (SFI) is the national center for fundamental research, doctoral training, knowledge exchange, and continuing education in the fields of banking and finance. SFI's mission is to grow knowledge capital for the Swiss financial marketplace. Created in 2006 as a public–private partnership, SFI is a common initiative of the Swiss finance industry, six leading Swiss universities, and the Swiss Confederation.

Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital.

The Centre for Economic Policy Research (CEPR) is a network of over 1300 researchers who are based mainly in universities throughout Europe and collaborate through CEPR in research and its dissemination. It is a registered, UK charity founded in 1983 by Richard Portes, FBA, CBE. CEPR's office is located in London.

His research areas are—among others—evolutionary and behavioral finance. In researching how investors make their decisions, Professor Hens draws on work in Psychology and applies insights from Biology in order to understand the dynamics of financial markets. He was one of the pioneers of evolutionary finance and cultural finance, where he conducted the first large-scale international test on risk- and time attitudes (INTRA).

His consulting experience includes application of Behavioral finance for Private Banking and evolutionary finance for asset management.

Asset management refers to systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets and to intangible assets. Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner.

He studied at the University of Bonn and at DELTA in Paris, and previously held professorships at Stanford University and at the University of Bielefeld.

University of Bonn public research university located in Bonn, Germany

The University of Bonn is a public research university located in Bonn, Germany. It was founded in its present form as the Rhein University on 18 October 1818 by Frederick William III, as the linear successor of the Kurkölnische Akademie Bonn which was founded in 1777. The University of Bonn offers a large number of undergraduate and graduate programs in a range of subjects and has 544 professors and 32,500 students. Its library holds more than five million volumes.

Stanford University private research university located in Stanford, California, United States

Leland Stanford Junior University is an American private research university in Stanford, California. Stanford is known for its academic strength, wealth, proximity to Silicon Valley, and ranking as one of the world's top universities.

Books

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