Benjamin Hébert

Benjamin Hébert
Assistant Professor, Finance
Contact Info
BenjaminHébert
Academic Area: 
Finance

Research Statement

Benjamin's research includes finance, macroeconomics, and contract theory. His recent projects seek to explain why debt contracts are so common, to analyze the effects of sovereign default, and to understand the information processing constraints on financial market participants.

Bio

Benjamin Hébert is an Assistant Professor of Finance at the Stanford Graduate School of Business. Benjamin received his Ph.D. from Harvard University in 2015. Prior to graduate school, he worked for several years in the financial industry. He holds undergraduate degrees in Physics and Computer Science from M.I.T.

Academic Degrees

  • PhD, Financial Economics, Macroeconomics, Contract Theory, Business Economics at Harvard University, 2015
  • S.B., Physics, Massachusetts Institute of Technology
  • S.B., Computer Science and Engineering, Massachusetts Institute of Technology

Academic Appointments

  • Assistant Professor, Graduate School of Business, Stanford University, 2016
  • Postdoctoral Scholar, Department of Economics, Stanford University, 2015-2016

Awards and Honors

  • Review of Economic Studies Tour, 2015
  • Finance Theory Group: Best Finance Theory Job Market Paper, Runner-Up Prize, 2015
  • AQR Top Finance Graduate Award at CBS, 2015
  • Roger Martin Doctoral Research Award, Harvard Business School. Awarded to Ph.D. students in Business Economics who have conducted outstanding academic research, 2014
  • PhD Outstanding Paper Award, The 11th Annual Corporate Finance Conference, Olin Business School, Washington University in St. Louis, 2014
  • Visiting Graduate Student, Becker Friedman Institute, University of Chicago, 2014
  • Bradley Foundation Fellowship, 2013-15
  • Harvard University Certificate of Distinction in Teaching, Fall 2013

Publications

Journal Articles

Benjamin Hébert. The Review of Economic Studies (forthcoming). December 22, 2017.
Benjamin Hébert, Jesse Schreger. American Economic Review. October 2017, Vol. 107, Issue 10, Pages 3119-3145.
CF Chabris, Benjamin Hébert, DJ Benjamin, J Beauchamo, D Cesarini, M Van der loos, M Johannesson, PK Mangnusson, P Lichtenstein, CS Atwood, J Freese, TS Hauser, RM Hauser, N Christakis, D Laibson. Psychological Science. September 24, 2012, Vol. 23, Issue 11, Pages 1314-1323.
Benjamin Hébert, Several Co-authors. Annual Review of Economics. September 2012, Vol. 4, Pages 627-662.
Andreas Fuster, Benjamin Hébert, David Laibson. International Journal of Central Banking. January 2012, Vol. 8, Issue 1, Pages 243-265.

Other Publications

Andreas Fuster, Benjamin Hébert, David Laibson. NBER Macroeconomics Annual 2011. University of Chicago Press: NBER, August 2011, Vol. 26, Pages 1-48.

Working Papers

Externalities as Arbitrage | PDF
Benjamin Hébert, December 292017
The Insurance is the Lemon: Failing to Index Contracts | PDF
Barney Hartman-Glaser, Benjamin Hébert, December 292017
Optimal Corporate Taxation Under Financial Frictions | PDF
Benjamin Hébert, Eduardo Davila, September 82017
Rational Inattention with Sequential Information Sampling | PDF
Benjamin Hébert, Michael Woodford, September 52017

Teaching

Degree Courses

2018-19

This course will develop and apply the basic tools and models of corporate finance to real-world corporate decisions. This course is designed to be the second course in the standard finance sequence; that is, it is designed to be the natural...

This course is an introductory PhD level course in financial economics. We begin with individual choice under uncertainty, then move on to equilibrium models, the stochastic discount factor methodology, and no-arbitrage pricing. We will also...

2017-18

This course will develop and apply the basic tools and models of corporate finance to real-world corporate decisions. This course is designed to be the second course in the standard finance sequence; that is, it is designed to be the natural...

(Same as FINANCE 211) This course will develop and apply the basic tools and models of corporate finance to real-world corporate decisions. This course is designed to be the second course in the standard finance sequence; that is, it is designed...

This course is an introductory PhD level course in financial economics. We begin with individual choice under uncertainty, then move on to equilibrium models, the stochastic discount factor methodology, and no-arbitrage pricing. We will also...

2016-17

This course will develop and apply the basic tools and models of corporate finance to real-world corporate decisions. This course is designed to be the second course in the standard finance sequence; that is, it is designed to be the natural...

This course is an introductory PhD level course in financial economics. We begin with individual choice under uncertainty, then move on to equilibrium models, the stochastic discount factor methodology, no-arbitrage pricing and corporate finance...

School News

November 2, 2016
This fall, the Stanford Graduate School of Business welcomed six new professors — including the 2016 winner of the prestigious John Bates Clark award, Yuliy Sannikov — and 11 lecturers.