Steven Grenadier is the William F. Sharpe Professor of Financial Economics at Stanford Graduate School of Business. He currently chairs the finance group at Stanford. He received his BS from the University of California at Berkeley and his PhD from Harvard University. His research focuses on applying option pricing theory to real investment analysis. Topics have included industry boom and bust cycles, real option signaling games, continuous-time stochastic games, valuing complex lease contracts, and commercial real estate equilibrium models. He is an Editor of the Journal of Real Estate Finance and Economics. He teaches courses in quantitative investment analysis. He is a consulting Financial Economist with Financial Engines, and a former director of Nicholas Applegate Institutional Funds, AQR Funds, and E*Trade Funds.