Richard E. Kihlstrom Faculty Profile

Richard E. Kihlstrom
Ervin Miller-Arthur M. Freedman Professor of Finance and Economics
Chairperson, Finance Department

PhD, University of Minnesota, 1968; BA, Purdue University, 1964

Research Areas
Information and uncertainty in economics; financial market equilibrium; managerial incentives

Academic Positions Held
Wharton: 1979-present (Chairperson, Finance Department, 2006-present; Chairperson, Finance Department, 1988-94; named Ervin Miller-Arthur M. Freedman Professor of Finance, 1986; Associate Director, Doctoral Programs, 1986 88). Previous appointments: Northwestern University; University of Illinois; State University of New York at Stony Brook; University of Massachusetts.

Career and Recent Professional Awards; Teaching Awards
Fellow, Econometric Society, 1981

Representative Publications
(with S. Matthews)
"Managerial Incentives in an Entrepreneurial Stock Market Model." Journal of Financial Intermediation 1.1 (March 1990).

(with L. Mirman)
"Information and Market Equilibrium." Bell Journal of Economics 6.1 (Spring 1975).

(with L. Mirman)
"Risk Aversion with Many Commodities." Journal of Economic Theory 8.3 (July 1974).