Sean Hundtofte

Education

• Doctor of Philosophy (Ph.D.) Yale University (2011 — 2016)
• MBA Yale School of Management (2003 — 2005)
• MSE Johns Hopkins (1999 — 2001)
• Albert-Ludwigs-Universität Freiburg im Breisgau (1997 — 1998)
• BSc(hons) University of Glasgow (1993 — 1997)

Companies

• Founder/CEO Solve Finance (2020)
• Pricing, Structuring, Investment Management Advisory / Independent Consulting (2011 — 2020)
• Adjunct Assistant Professor NYU Stern School of Business (2018 — 2020)
• Chief Economist, Head of Credit Risk, Head of Acquisitions Better.com (2018 — 2020)
• Financial Economist Federal Reserve Bank of New York (2016 — 2018)
• Analyst (Consumer Finance) Värde Partners (2007 — 2011)
• Associate Bridgewater Associates (2007 — 2007)
• Associate Obsidian Finance Group LLC (2005 — 2007)
• Summer Associate Barclays Capital (2004 — 2004)

Research

Financial Crises and Financial Intermediation

• Changing Risk-Return Profiles, with Richard Crump and Domenico Giannone
• Anonymous Capital Flows and U.S. Housing Markets, with Ville Rantala
  • Coverage of working paper (Miami Herald 7/2018, Financial Times 6/2018)
• Does Going Easy on Distressed Banks Help the Macroeconomy?
  • Coverage of working paper (Financial Times 10/2017)

Household Finance

• No Such Thing as a Free Option? Revise and Resubmit, Review of Finance
• Encouraging Automation Improves Borrower Repayments
  
• Credit Smoothing, with Arna Olafsson and Michaela Pagel
• A blogpost on insurance expansion (the ACA) and the associated changes in higher. ed. choices and student loan repayment
• A blogpost on cryptocurrency adoption

Behavioural Economics & Finance

• Is the Longshot Bias a Context Effect?, with Andrew Meyer - Revise and Resubmit, Management Science
• Anchoring to Industry Multiples in IPO Pricing, with Sami Torstila
  • Best Quantitative Paper Award, Behavioral Finance Working Group 2018 Conference, Queen Mary University of London
  • Inspired by contrast effects and the common practice of using industry comparables to price new issues, we test for anchoring of initial equity valuations to peer valuation multiples and find novel predictability of IPO under/overpricing.
  • Earlier versions of this work (2015 and prior) circulated at Yale and on SSRN under the title "Compare and Contrast."
• Long-run Planners Live Longer, with Joe Gladstone