behavioral and experimental finance, financial auctions and market micro- structure (design of financial markets)
ראשי
Professor Orly Sade is an Associate Professor of Finance (with tenure) at the Department of Finance, School of Business Administration, Hebrew University of Jerusalem. Orly Sade is a Visiting Associate Professor at NYU Shanghai and Stern School of Business, NYU, and serves on the board of directors of the Israeli Securities Authority. She has been a visiting Associate Professor at additional leading universities around the world (IE Madrid and NES, Moscow) and has received letters of recognition for excellent teaching. Orly Sade's research has been published in leading international academic journals and has been presented at leading academic conferences. Professor Orly Sade served as director of the BA program at The Hebrew University and received the Abe Gray awards from the President of the Hebrew University. She has been awarded several research grants including one from the Israel Science Foundation.
Professor Orly Sade was a member of the advisory board of the Israeli Ministry of Finance’s capital market division and a member of the Ministry of Finance committee which selected a company which cites non trade-able assets. She also served as a member of the investment committee for the "Hadassah” pension fund (part of the Israeli pension reform), the provident fund for Hebrew University employees, the welfare fund for Hebrew University employees, the investment committee responsible for investing funds of the academic staff union of Hebrew University, and "responsibility” mutual funds. She served as a member of the board of directors of the Hebrew University provident fund and as an outside director at Sigma Mutual Funds. She advised financial institutions and companies in the fields of finance, debt offerings and tenders. She worked in the banking sector and the Banking Supervision Department of the Bank of Israel.
השכלה
Ph.D. University of Utah, 2001
פרסומים
"Long Term Savings Decisions: Inertia, Peer Effects and Ethnicity" (2014) co-authored with Yevgeny Mugerman and Moses Shayo, Journal of Economic Behavior & Organization Vol 106, 235-253
http://papers.ssrn.com/sol3/
papers.cfm?abstract_id=2011338
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"pisible Good Auctions with Asymmetric Information: An Experimental Examination” (2012) co-authored with Emmanuel Morales Camargo, Charles Schnitzleinand Jaime Zender – Journal of Financial and Quantitative Analysis, volume 48, issue 04, pp. 1271-1300
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1262474
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Presented at: 2009 International ESA meeting, 2009 North America ESA meeting, 2011 FMA meeting
"On the Persistence of Overconfidence: Evidence from Multi-Unit Auctions" (2013) co-authored with Emmanuel Morales Camargo, Charles Schnitzlein and Jaime Zender forthcoming -Journal of Behavioral Finance
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2143034
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"Sovereign Debt Auctions: Uniform or Discriminatory?"(2009)co-authored with Menachem Brenner and Dan Galai- Journal of Monetary Economics(JME) vol. 56, issue 2, pages 267-274
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Presented at:European Finance Association Meeting in Zurich, 2006, MTS 2006, Istanbul and FUR XIII 2006, Rome. Seminars at Tel-Aviv University, IDC (Israel), NYU, the University of Colorado at Boulder, University of Massachusetts at Amherst, University of Utah, University of Houston and the Federal Reserve Bank of NY.
"The Ostrich Effect” and the Relationship between the Liquidity and the Yields of Financial Assets”(2006) co-authored with Dan Galai -the Journal of Business Volume 79, Issue 5 , September 2006
http://ssrn.com/abstract=431180
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Presented at: FUR XI 2004, Paris, June 2004. Seminars: Hebrew University – Finance (March 2004), Hebrew University - Psychology (May 2004), Norwegian School of Management (March 2004)
"When Less (Potential Demand) is More (Revenue): Asymmetric Bidding Capacities in pisible Good Auctions" (2006) co-authored with Charles Schnitzlein andJaime Zender–the Review of Finance(ROF) Volume 10, Issue 3, 389-416
http://papers.ssrn.com/paper.taf?abstract_id=705901
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Presented at: International Meeting of the Economic Science Association, Montreal, Canada, June 2005, The 2006 Winter Meeting of the Econometric Society, January 2006 Boston, Hebrew University of Jerusalem, Tel-Aviv University and Ben-Gurion University
"Competition and Cooperation in pisible Good Auctions: An Experimental Examination”(2006) co-authored with Charles Schnitzlein and Jaime Zender - the Review of Financial Studies (RFS) Volume 19 (1), January 2006, 195-235
http://ssrn.com/abstract=445240
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Presented at: International Meeting of the Economic Science Association, Boston (Harvard), June 2002, Auctions and Market Design Conference, FEEM, Italy, September 2003, Southern Finance Association, South Carolina December 2003 (co-author), FMA Annual Meeting, New Orleans, October 2004 (co-author), European Finance Association Meeting, Netherlands, August 2004, North American Winter meeting of the Econometric Society, Philadelphia, January 2005. Finance Seminars: IDC (October 2002), Hebrew University(November 2002), Technion (December 2002)Tel-Aviv University (November 2003), Norwegian School of Economics and Business Administration (April 2004).
"Measuring Stock Illiquidity: an Investigation of the Demand and Supply Schedules at the TASE”(2004) co-authored with Avner Kalay and Avi Wohl, the Journal of Financial Economics Volume 74, Issue 3, December 2004, Pages 461-486
http://ssrn.com/abstract=424930
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Presented at: Nasdaq -Notre Dame Microstructure Conference 2000, September 2000, Notre-Dame, Indiana, FMA Doctoral Seminar, October 2000, Seattle Washington, Western Finance Association, June 2001, Tucson Arizona(co-author), FMA Annual Meeting, October 2001, Toronto, Canada, Israeli Economic Society, May 2002, Israel, European Finance Association Meeting, Glasgow, Scotland, August 2003. Finance Seminars: University of Utah(August 2000), Hebrew University(November 2000), Tel-Aviv University(November 2000), University of Arizona(December 2000), University of Oregon(January 2001), University of Pittsburgh(February 2001)
"Does The Option to Cancel an Order in a Double Auction Market Matter?”(2004) co- authored with Steve Crowley, the Economics Letters, Volume 83, Issue 1, April 2004, Pages 89-97
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=292152
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Presented at: Society for Judgment and Decision Making Annual Meeting, Orlando Florida, Nov 2001 (poster, co-author), Economic Science Association North American Regional Meeting, Tucson, AZ, Nov 2001 (co-author). Finance Seminar:University of Utah(2001)
Papers in books:
"A Note on Sovereign Debt Auctions: Uniform or discriminatory?"(2010) co-authored with Menachem Brenner and Dan Galai, at Sovereign Debt: From Safety to Default, edited by Robert W. Kolb, John Wiley & Sons, Inc
"Baseball and the Art of Fair Value: Do Managers or the Prediction Markets Make Better Predictions?” (2011) co-authored with Emanuel Zur, Bridging the GAAP: Recent Advances in Finance and Accounting edited by Itzhak Venezia&Zvi Wiener
Publications in Hebrew:
שדה אורלי (2010), "מכרזי אג"ח ממשלתיים – סקירת ספרות", רבעון לכלכלה,
שדה אורלי (2006), "האם מועדי פקיעת חוזי המק"מ העתידי משפיעים על תוצאות מכרזי המק"מ? (ואם לא, מה כן משפיע?), סקר בנק ישראל
לנדאו חנוך ושדה אורלי (1993), " גישה לשיפור איכות הניהול והשירות בבנקאות בישראל ", רבעון לבנקאות, 126, כרך ל"ב (דצמבר)
מחקר נוכחי
Are the Life and Death of an Early Stage Venture Indeed in the Power of the Tongue? Lessons from Online
Crowdfunding Pitches - (2013)
co-authored with Dan Marom
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2255707
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Recieved the 2014 Coller Institute of Venture award
http://www.collerinstituteofventure.org/2014-awards-winner/
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Conferences:
¨ 2013 Crowdfunding Conference, July 12013
Boulder,
Colorado (co-author)
¨ 2013 CEPR First European Workshop on Entrepreneurship Economics;
Amsterdam, 15-16
November, 2013
¨ 2013 XXI Finance Forum in
Segovia on November 14th and 15th, 2013 (co-author)
¨ 2014 Association of Financial Economists meeting (2014 ASSA)
Philadelphia, Jan 2014
¨ 2014 SMS Tel Aviv (co-author)
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Gender Dynamics in Crowdfunding: Evidence on Entrepreneurs, Investors, and Deals from Kickstarter – co authored with Dan Marom and Alicia Robb
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2442954
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Conferences:
¨ 2013 UC Berkeley Workshop on Crowdfunding (co-author)
¨ 2014 Stratigic Managment Society Meeting in Tel Aviv (co-author)
¨ 2014 Financial Modeling and Capital Markets conference in
Jerusalem
¨ 2015 Utah Winter finance Conference
¨ 2015 The Development of Securities, Markets, Trends, Risks and Policies. Bocconi, Milan
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ספר
"How Ella Grew an Electric Guitar”
What does a smart, talented 11-year-old girl do when she wants an electric guitar and is told by her parents, "Money doesn't grow on trees” She grows the money herself.
This is the story of Ella, who when faced with a cash crunch, learns business skills to solve her problem. HOW ELLA GREW AN ELECTRIC GUITAR is a novel aimed at young readers ages 8 to 12 and it combines a tween drama with an introduction to financial literacy.
Co-authored by a professor of finance and a business journalist, ELLA is a book that both educates and entertains.
ELLA is the brainchild of Orly Sade and Ellen Neuborne, two moms eager to give their own girls inspiration to pursue business dreams. In searching for age-appropriate books with a business theme, Sade and Neuborne were shocked to discover there was little in the way of new children's literature that offered business lessons and even less that featured a girl as the entrepreneurial hero. So the two tapped their own talents to solve the problem.
Education experts say financial literacy should be the fourth "R” a mainstay of elementary school curriculum.
Already, ELLA has attracted support from the educational community.
"A crash course (for older children and young adults) in raising money for a particular goal…The book makes a useful resource for teachers and parents seeking to branch out beyond traditional textbooks for teaching these important concepts.” Rutgers University Project on Economics and Children
ELLA IN ACTION! Garrison Forest School in Owings Mills, MD uses ELLA in the classroom:
http://www.gfs.org/news/
detail/index.aspx?LinkId=2434&
ModuleId=212#.T-hSiHlb9K8.
favorites
A YOUNG READER'S REVIEW (VIDEO):
http://www.kidzvuz.com/
reviews/how-ella-grew-an-
electric-guitar-4/
Selected "Blogs” about Ella:
http://femme-o-nomics.com/
2012/07/book-review-how-ella-
grew-an-electric-guitar/
http://ericaswallow.com/2011/
09/05/financial-education/
Ella at Amazon (with reviews):
http://www.amazon.com/How-
Ella-Grew-Electric-Guitar/dp/
1461149908/ref=pd_rhf_gw_p_t_1
Elle at Calcalist (Leading Israeli newspaper – Hebrew)
http://www.calcalist.co.il/
money/articles/0,7340,L-
3537946,00.html