Brian Kluger

Brian D. Kluger

Professor

Professional Summary

Brian is a Professor in the Finance Department of the Carl H. Lindner College of Business.

Education

Ph D, Tulane University New Orleans, Louisiana, 1983 (Economics)

BA, Northwestern University Evanston, Illinois, 1976 (Biochemistry)

Positions and Work Experience

2004 - Professor, University of Cincinnati,

2004 -2005 Visiting Scholar, University of California, Santa Cruz,

1992 -2004 Associate Professor, University of Cincinnati,

2000 -2000 Visiting Scholar, Groupe ESC Toulouse,

1996 -1996 Visiting Scholar, University of Arizona,

1987 -1992 Assistant Professor, University of Cincinnati,

1985 -1986 Visiting Assistant Professor, Rice University,

1984 -1985 Charles E. Culpeper Postdoctoral Fellow, Rice University,

1983 -1983 Tulane University,

1983 -1983 Visiting Assistant Professor, Tulane University,

Research and Practice Interests

Experimental Finance, Financial Markets, Behavioral Finance, Investments

Publications

Published Abstracts

Adams, Paul;Kluger, Brian Redundant Assets in a Laboratory Financial Market .[Abstract]

Adams, Paul;Kluger, Brian Trading Patterns In Ovrlapping Financial Markets .[Abstract]

Other Publications

Adams, Paul; Kluger, Brian Equilibrium Asset Pricing and Rumors: An Experimental Asset Market .

Adams, Paul; Kluger, Brian Redundant Assets in a Laboratory Financial Market .

Adams, Paul; Kluger, Brian; Wyatt, S B Trading Patterns in Overlapping Financial Markets .

Lucy, Ackert F; Kluger, Brian; Qi, Li (03-01-2019. ) Implied Volatility and Investor Beliefs in Experimental Asset Markets .43 , Journal of Financial Markets

Kluger, Brian; Slezak, Steve (05-07-2018. ) Signal jamming models of fraudulent misreporting and economic prospects: An experimental investigation .151 , Journal of Economic Behavior and Organization

Deaves, Richard; Kluger, Brian; Miele, Jennifer (2018. ) An Exploratory Experimental Analysis of Path-Dependent Investment Behaviors .67 , Journal of Economic Psychology

Slezak, Steve; Kluger, Brian; Signal Jamming Models of Fraudulent Misreporting and Economic Prospects: An Experimental Investigation of Fraudulent Misreporting .Forthcoming , Journal of Economic Behavior and Organization

Chelley-Steeley, Patricia L; Kluger, Brian; Steeley, Jim; Adams, Paul (12-2015. ) Trading Patterns and Market Integration in Overlapping Experimental Asset Markets .50 (6 ) , Journal of Financial and Quantitative Analysis

Chelley-Steeley, Patricia L; Kluger, Brian; Steeley, James R (09-14-2015. ) Earnings and hindsight bias: An experimental study .134 , Economics Letters

Ackert, Lucy F; Kluger, Brian; Qi, Li (09-01-2012. ) Irrationality and beliefs in a laboratory asset market: is it me or is it you? .84 , Journal of Economic Behavior and Organization

Kluger, Brian; McBride, Mark E (03-2011. ) Intraday trading patterns in an intelligent autonomous agent-based stock market. 79 , Journal of Economic Behavior & Organization

Germain, Laurent; Kluger, Brian; Pungulescu, Crina; Stolin, David; Weaver, Daniel (09-2010. ) Intra-Dealer Integration .16 (4 ) , European Financial Management

Kluger, Brian; Friedman, Dan (03-2010. ) Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem .11 , Journal of Behavioral Finance

Kluger, Brian; Friedman, Dan (03-01-2010. ) Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem .11 , Journal of Behavioral Finance

Ackert, Lucy F; Charaput, Narat; Deaves, Richard; Kluger, Brian (08-2009. ) Probability Judgment Error and Speculation in Laboratory Asset Market Bubbles .44 (3 ) , Journal of Financial and Quantitative Analysis

Adams, Paul; Kluger, Brian; McBride, Mark (2006. ) Illustrating the Capital Asset Pricing Model: A Classroom Asset Market .2 (1 ) , Perspectives in Economic Education Research

Kluger, Brian; Wyatt, Steve B (06-2004. ) Are Judgment Errors Reflected in Market Prices and Allocations: Experimental Evidence Based on the Monty Hall Problem .59 (3 ) , The Journal of Finance

Kluger, Brian; Wyatt, Steve B (2002. ) Preferencing, Internalization of Order Flow and Tacit Collusion: Evidence from Experiments .37 (2 ) , Journal of Financial and Quantitative Analysis

Kluger, Brian (2001. ) Constrained Optimal Trade Credit Terms in a Competitive Pricing Model .4 , Advances in Working Capital Management

Adams, Paul; Kluger, Brian (1998. ) Illustrating Concepts of Arbitrage, Risk and Market Efficience: A Classroom Asset Market .8 (2 ) , Financial Practice and Education

Kluger, Brian; Geltner, David (1998. ) REIT-Based Pure Play Portfolios: The Case of Property Types .26 (4 ) , Real Estate Economics

Barkham, Richard; Geltner, David; Kluger, Brian (1998. ) Using Pure Play Portfolios for Real Estate Investment and Cost of Capital Estimation: A British Example .15 (3 ) , Real Estate Finance

Kluger, Brian; Stephan, Jens (1997. ) Alternative Liquidity Measures and Stock Returns .8 , Review of Quantitative Finance and Accounting

Kluger, Brian; Wyatt, Steve B (1995. ) Options and Efficiency: Some Experimental Evidence .5 , Review of Quantitative Finance and Accounting

Adams, Paul; Kluger, Brian; Wyatt, Steve (1994. ) Optimal Seller Institution and Seller Distress Costs .3 , Journal of Housing Economics

Hagigi, Moshe; Kluger, Brian; Shields, David (1993. ) Auditor Change Announcements and Consensus of Investor Expectations .20 (6 ) , Journal of Business, Finance and Accounting

Geltner, David; Kluger, Brian; Miller, Norman (1992. ) Incentive Commissions in Residential Real Estate Brokerage .2 , Journal of Housing Economics

Adams, Paul; Kluger, Brian; Wyatt, Steve (1992. ) Integrating Auction and Search Markets: The Slow Dutch Auction .5 , Journal of Real Estate Finance and Economics

Adams, Paul; Kluger, Brian; Wyatt, S B (09-1992. ) Integrating Auction and Search Markets: The Slow Dutch Auction . (5 ) , Journal of Real Estate Finance and Economics

Geltner, David; Kluger, Brian; Miller, Norman (1991. ) An Analysis of Optimal Broker Effort over the Life of a Real Estate Listing Contract .19 (1 ) , The AREUEA Journal

Kluger, Brian; Shields, David (1991. ) Managerial Moral Hazard and Auditor Change .2 , Critical Perspectives in Accounting

Hagigi, Moshe; Kluger, Brian; Shields, David (1990. ) Cost Uncertainty, Participative Budgeting and Overspending: An Agency Perspective .9 (4 ) , Journal of Accounting and Public Policy

Kluger, Brian; Miller, Norman (1990. ) Measuring Residential Real Estate Liquidity .18 (2 ) , The AREUEA Journal

Kluger, Brian; Shields, David (1989. ) Auditor Change, Information Quality and Bankruptcy Prediction .10 (4 ) , Managerial and Decision Economics

Kluger, Brian (1989. ) Implication of Quality Standard Regulation for Multiproduct Monopoly Pricing .10 (1 ) , Managerial and Decision Economics

Kluger, Brian (1988. ) Welfare Effects from Nonlinear Taxation of Multiproduct Monopoly .9 (4 ) , Managerial and Decision Economics

Kluger, Brian; Hagigi, Moshe (1987. ) Assessing Risk and Return of Pension Fund Portfolios by the Telser Safety-First Approach .14 (2 ) , Journal of Business, Finance and Accounting

Kluger, Brian; Hagigi, Moshe Safety First: An Alternative Method of Measuring Performance .13 (4 ) , Journal of Portfolio Management

Presentations

Invited Presentations

Kluger, Brian (04-20-2018. ) Signal jamming models of fraudulent misreporting and economic prospects: An experimental investigation .McMaster University Seminar Series, McMaster University, Hamilton, Ontario, Canada. Seminar. . Level:International

Kluger, Brian; Slezak, Steve (02-09-2017. ) Fraudulent Misreporting and the Business Cycle: An Experimental Investigation .Cincinnati Project on Law and Business, University of Cincinnati, Cincinnati, Ohio. Seminar. . Level:Local

Kluger, Brian (12-07-2014. ) Victory Disease, Earnings and Hindsight Bias: An Experimental Study .8th International Conference on Computational and Financial Economics, University of Pisa, Pisa, Italy. Conference. . Level:International

Kluger, Brian (06-01-2012. ) People and Money, Richard H Driehaus Center for Behavioral Finance, Chicago, Illinois, USA.

Kluger, Brian (10-2010. ) Overconfidence, Hindsight Bias and Trading Activity in an Experimental Asset Market .McMaster University Seminar Series, McMaster Univversity, Hamilton, Ontario, Canada. Seminar. . Level:International

Kluger, Brian (07-04-2008. ) Irrationality and Bubbles: Is it Me or is it You? .Experimental Finance Workshop, ESRC and Aston University, Birmingham, England. Level:International

Ackert, Lucy F; Charaput, Narat; Deaves, Richard; Kluger, Brian (06-2007. ) The Origin of Bubbles in Laboratory Asset Markets .People and Money, Institute for Behavioral Finance at DePaul University, Chicago, Illinois, USA. Level:International

Kluger, Brian; Adams, Paul (04-2007. ) Overlapping Financial Markets .FRB Atlanta Seminar Series, Federal Reserve Bank of Atlanta, Atlanta, Georgia, USA.

Kluger, Brian; Friedman, Daniel (02-2006. ) Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem .Temple University Seminar Series, Temple University, Philadelphia, Pennsylvania, USA.

Kluger, Brian; Friedman, Daniel (09-2005. ) Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem .Federal Reserve Conference on Experimental Finance: Individuals, Firms and Financial Institutions, Federal Reserve Bank of Atlanta, Atlanta, Georgia, USA. Level:International

Ackert, Lucy F; Charaput, Narat; Deaves, Richard; Kluger, Brian (06-2004. ) Judgment Error and Speculation in Laboratory Asset Markets .Cass Seminar Series, Cass Business School, London, England.

Ackert, Lucy F; Charaput, Narat; Deaves, Richard; Kluger, Brian (06-2004. ) Judgment Error and Speculation in Laboratory Asset Markets .TBS Seminar Series, Toulouse Business School, Toulouse, France.

Kluger, Brian; Wyatt, Steve (2003. ) Are Judgment Errors Reflected in Market Prices and Allocations: Experimental Evidence Based on the Monty Hall Problem .McMaster Seminar Series, McMaster University, Hamilton, Canada.

Kluger, Brian; Wyatt, Steve (03-2003. ) Are Judgment Errors Reflected in Market Prices and Allocations: Experimental Evidence Based on the Monty Hall Problem .SIFR Seminar Series, Stockholm Institute for Financial Research, Stockholm, Sweden.

Kluger, Brian; Wyatt, Steve (2000. ) Individual Judgment Error and Market Behavior: Three Doors and a Market .TBS Seminar Series, Groupe ESC Toulouse, Level:International

Student Advising

Kiefer, Dan; Matzko, Dave Directed Individual/Independent Study Status:In-Process

Service

College Reappointment, Promotion, Tenure Committee Member Type:University/College Service Level:University 09-2014 -06-2016

College Reappointment, Promotion, Tenure Committee Chair Type:University/College Service Level:University 09-2007 -06-2008

Economic Inquiry Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations

Journal of Economic Behavior and Organization Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations

Journal of Finance Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations

Review of Behavioral Finance (Serve on Editorial Board ) Editorial Review Board Member Type:Prof. Org. Level:Service to Professional Associations 06-2017

Journal of Finance Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations 01-2015

Review of Financial Studies Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations 01-2015

Journal of Real Estate Finance and Economics Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations 01-2014

Management Science Reviewer, Ad Hoc Reviewer Type:Prof. Org. Level:Service to Professional Associations 01-2014

International Journal of Behavioral Accounting and Finance Editorial Review Board Member Type:Prof. Org. Level:Service to Professional Associations 2007

Financial Management Association (Review papers for inclusion at the FMA conference. Serve as session chair at the conference. ) Session Chair and 2017 Program Committee Type:Prof. Org. Level:Service to Professional Associations 07-2017 -10-2017

Northern Finance Association Session Chair Type:Prof. Org. Level:Service to Professional Associations -09-2007

Professional Affiliation

American Finance Association, International

Economic Science Association, International

Courses Taught

FIN FOUNDATIONS

FIN FOUNDATIONS

FIN FOUNDATIONS

FIN FOUNDATIONS

INVMTS

FIN FOUNDATIONS

FIN FOUNDATIONS

CORPORATE FINANCE

FIN FOUNDATIONS

FIN FOUNDATIONS

FINFOUNDATIONS

FINFOUNDATIONS

FINFOUNDATIONS

INVMTS

INVMTS

INVMTS

INVMTS

INVMTS

Corporate Finance

Portfolio Management

Behavioral Finance

Special Topics in Finance

Advanced Capital Budgeting

Investments

Portfolio Management

PMGT

SPECIAL TOPICS FIN

Corporate Finance

Investments

Financial Management

Investments

Financial Management

Financial Management

Adv Cap Budgeting & Real Options

Financial Tools

Real Options

Financial Analysis Tools

Derivatives Markets & Securities

Financial Analysis Tools

Adv Cap Budgeting & Real Options

Financial Tools

Real Options

Financial Tools

Adv Cap Budgeting & Real Options

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Real Options

Special Topics in Fin

Fin Analysis Tools

Financial Institutions

Investments

Adv Cap Budgeting & Real Options

Financial Tools

Options & Futures

Real Options

Adv Cap Budgeting

Financial Markets

Financial Markets

Financial Markets

Financial Tools

Individual Study

Financial Tools

Special Topics

Adv Cap Budgeting

Financial Markets

Financial Tools

Financial Tools