Dr. Shumway received his Ph.D. at the University of Chicago School of Business in 1996. His research examines the structure and function of financial markets and the pricing of financial securities. Some of his recent work concerns bankruptcy prediction and the pricing of corporate bonds, the efficient market hypothesis, and the intersection of psychology and finance. His research has been published in the Journal of Finance and Journal of Business, and has been featured in numerous business and popular publications. At this year’s Outlook Conference, he presented “Reactions to the Stock Market Crash.”