Werner DeBondt

Ph.D. Cornell Universtiy, Ithaca, NY, Business Administration, 1985
(312) 362-8394
1 E. Jackson Blvd.
DePaul Center 5500 Chicago, IL 60604


Werner F.M. De Bondt is a finance professor and economist who studies the psychology of financial decision-making. He is one of the founders of behavioral finance.

De Bondt has examined key concepts of bounded rationality, e.g., people's tendency to exaggerate the true impact of new information, their bent towards wishful thinking, or their biased perceptions of risk. De Bondt’s research articles have appeared in many books and scholarly journals, including the Journal of Finance, the Financial Analysts Journal, the American Economic Review, and the European Economic Review. His work on stock market overreaction and the speculative dynamics of world financial markets has received a great deal of attention in academia and industry​.

Werner De Bondt is a frequent speaker to academics and investment professionals around the world.  He holds a Ph.D. in Business Administration from Cornell University (1985). Werner De Bondt is fluent in Dutch, French, German and English.  In past years, he was a member of the faculty at various universities in Europe, e.g., Erasmus University Rotterdam, the University of Zurich, the University of Neuchatel and the University of Luxembourg. Between 1992 and 2003, he was the Frank Graner Professor of Investment Management at the University of Wisconsin-Madison.​

Academic Degrees

Ph.D. Cornell Universtiy, Ithaca, NY, Business Administration, 1985
M.P.A. Cornell University, Ithaca, NY, Public Administration, 1979
M.B.A. Catholic University of Louvain, Louvain, Belgium, Finance, 1978
B.S.E. Universitaire Faculteiten Sint-Ignatius te Antwerpen, Louvain, Belgium, Engineering, 1976​​​