Waters, Brian Todd

Assistant Professor

Positions

My research interests include information economics, the design of optimal incentive and screening contracts, and the impact of biases on decision-making. Other interests include labor market dynamics, real estate markets, and socially responsible investment.

Information economics, optimal contracts, adverse selection, search and matching markets, sustainable, responsible, and impact investing

FNCE 3030 - Investment and Portfolio Management
Primary Instructor - Summer 2018 / Fall 2018 / Fall 2019 / Fall 2020 / Fall 2021 / Fall 2022 / Fall 2023
Develops modern portfolio theory and applies it to pricing both individual assets and portfolios of assets. Topics include Markowitz portfolio selection model, capital asset pricing model, arbitrage pricing theory, bonds, portfolio performance measurement, and issues of market efficiency. Formerly FNCE 4030. Degree credit not granted for this course and FNCE 3035.
FNCE 7100 - Doctoral Seminar: Finance Theory
Primary Instructor - Spring 2020 / Spring 2023
Develops the foundations for the study of modern financial economics by analyzing individuals' consumption and portfolio decisions in the context of risk and then traces the implications to market valuation of traded securities. Topics include the meaning and measurement of risk, portfolio theory, the Capital Asset Pricing Model, and arbitrage pricing arguments like those employed in Modigliani and Miller's capital structure theory and the Black-Scholes option pricing model.