Dr. Steven Jordan Receives Recognition for Articles

For release:  March 6, 2013

Dr. Steven Jordan, a Visiting Assistant Professor in the Department of Finance, recently had his sole-authored paper accepted for publication in the prestigious academic journal, Quantitative Finance. The paper “Is Momentum a Self-fulfilling Prophecy?” seeks to demonstrate that momentum can profitably exist in equilibrium at a finite level of trade.  The only requirements are that, one, market prices contain noise and, two, subsets of traders believe that past prices can be used to predict future prices.

In additional to his paper’s recent acceptance, Dr. Jordan has also been invited to share another one of his papers at an upcoming conference sponsored by the FDIC. This invitation is quite selective as only 20 papers were chosen for discussion. Finally, Dr. Jordan presented a working paper titled “What can Behavioral Finance Teach Us about Rational Finance?” at a finance seminar at Louisiana State University last month.