Biography
Roy Kouwenberg is a visiting researcher at the Department of Business Economics, at the Erasmus School of Economics (ESE). He is Associate Professor and Chair of the Ph.D. Program at Mahidol University in Bangkok.
His research focuses on portfolio choice in a behavioural framework, especially the impact of loss aversion and ambiguity aversion on stock market participation. He collaborates in this area with Peter Wakker (Erasmus, ESE), Steve Dimmock (Nanyang Technological University, Singapore), Kim Peijnenburg (Bocconi, Milan), Oliva Mitchell (Wharton School, U of Pennsylvania), Xuedong He (Columbia University), Xunyu Zhou (Oxford University) and Remco Zwinkels (VU University, Amsterdam).
Roy's work has been published in the Journal of Financial Economics, Management Science, the Journal of Financial and Quantitative Analysis and the Review of Economics & Statistics, among others.
Roy has work experience as a quantitative analyst at AEGON Asset Management and has done extensive research on risk management for financial institutions. He is a CFA charterholder (Chartered Financial Analyst). Roy received his Ph.D. from Erasmus University Rotterdam in 2000.
- kouwenberg@ese.eur.nl
More information
Work
- Phornchanok Cumperayot & Roy Kouwenberg (2021) - The discount factor for expected fundamentals: Evidence from a panel of 25 exchange rates - International Economics, 166, 167-176 - doi: 10.1016/j.inteco.2020.12.005 - [link]
- Phornchanok Cumperayot & Roy Kouwenberg (2020) - Cheaper currencies and long-term growth: The effect of exchange rate management and capital controls - World Economy, 44 (9), 2738 - doi: 10.1111/twec.13081 - [link]
- Ruben Cox, Atcha Kamolsareeratana & Roy Kouwenberg (2020) - Compulsive gambling in the financial markets: Evidence from two investor surveys - Journal of Banking and Finance, 111 - doi: 10.1016/j.jbankfin.2019.105709 - [link]
- Roy Kouwenberg (2018) - Strategic asset allocation for insurers under Solvency II - Journal of Asset Management, 19 (7), 447-459 - doi: 10.1057/s41260-018-0097-4 - [link]
- A Kamolsareeratana, Roy Kouwenberg & Ruben Cox (2018) - Gambling in the Stock Market: The Motivations behind Excessive and Speculative Trading - [link]
- Roy Kouwenberg, Agnieszka Markiewicz, R Verhoeks & Remco Zwinkels (2017) - Model Uncertainty and Exchange Rate Forecasting - Journal of Financial and Quantitative Analysis, 52 (1), 341-363 - doi: 10.1017/S0022109017000011 - [link]
- Xue Dong He, Roy Kouwenberg & Xun Yu Zhou (2017) - Rank-dependent utility and risk taking in complete markets - SIAM Journal on Financial Mathematics, 8 (1), 214-239 - doi: 10.1137/16M1072516 - [link]
- SG Dimmock, Roy Kouwenberg & Peter Wakker (2016) - Ambiguity Attitudes in a Large Representative Sample - Management Science, 62 (5), 1363-1380 - doi: 10.1287/mnsc.2015.2198
- SG Dimmock, Roy Kouwenberg, OS Mitchell & K Peijnenburg (2016) - Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence - Journal of Financial Economics, 119 (3), 559-577 - doi: 10.1016/j.jfineco.2016.01.003 - [link]
- A Grohmann, Roy Kouwenberg & L Menkhoff (2015) - Childhood roots of financial literacy - Journal of Economic Psychology, 51, 114-133 - doi: 10.1016/j.joep.2015.09.002 - [link]
