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Anastassia Fedyk - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Anastassia Fedyk Anastassia Fedyk

Assistant Professor | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Areas of Expertise (4)

Behavioral Economics

Empirical Asset Pricing

Experimental Economics

Labor and Finance

About

Anastassia Fedyk is an Assistant Professor of finance at the Haas School of Business. Her research focuses on behavioral biases in individual and group decision-making, particularly concerning information and belief formation. She studies how information from a variety of sources, including financial news and individual employment records, influences asset prices. Fedyk holds a PhD in Business Economics from Harvard University and a BA in Mathematics with honors from Princeton University. Prior to pursuing her academic career, she was a researcher and portfolio manager at Goldman Sachs Asset Management.

Education (2)

Harvard University: PhD, Business Economics

Princeton University: BA, Mathematics

Honors & Awards (11)

Hillcrest Behavioral Finance Award, Finalist

Paper: When Can the Market Identify Stale News? 2019

Northern Finance Association, Best Paper on Market Microstructure

Paper: Disagreement after News: Gradual Information Diffusion or Differences of Opinion? 2019

Carlsberg Foundation Special Prize for Young Scholar at the NCBEE, Winner

Paper: Asymmetric Naivete: Beliefs about Self-Control 2018

Northern Finance Association, Best Paper on Long-Term Investments

Paper: Trading on Talent: Human Capital and Firm Performance 2018

FMA Napa Conference, Best Paper Award

Paper: Front Page News: The Effect of News Positioning on Financial Markets 2018

Jack Treynor Prize from the Institute for Quantitative Research in Finance

Paper: Trading on Talent: Human Capital and Firm Performance 2017

European Finance Association, Best Ph.D. Paper Award

Paper: Front Page News: The Effect of News Positioning on Financial Markets 2017

PanAgora Asset Management Dr. Richard A. Crowell Memorial Prize, 2nd place

Paper: Trading on Talent: Human Capital and Firm Performance 2017

WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research

2017

Hillcrest Behavioral Finance Award, Finalist

Paper: Front Page News: The Effect of News Positioning on Financial Markets 2016

World Finance Conference, Top 3 Best Paper Award

Paper: News Consumption: From Information to Returns 2016

Positions Held (1)

At Haas since 2018

2018 - present, Assistant Professor, Haas Finance Group

Media Appearances (8)

The economic ROI of automation

Workflow  online

2021-03-20

Research co-authored by Asst. Prof. Anastassia Fedyk measured how AI technology affected productivity, sales, and employment at publicly traded companies. The study’s conclusion: “Firms that invest in AI grow more.”

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GameStop stocks are the internet's main character this week

Bustle  online

2021-01-28

This week users of the discussion forum site Reddit foiled hedge funds and other big investors who had shorted the stock of GameStop, a computer game retailer. In this article, Asst. Prof. Anastassia Fedyk explained the "short squeeze" phenomenon. An investor who shorts a stock—or borrows stock and sells it with the expectation of buying it back at a lower price and pocketing the difference—can get in trouble quickly when the price goes up instead of down. In order to not lose their investment, the original investor has to buy even more of that stock they had hoped was going to lose big.

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All the ways the GameStop roller coaster could end

Slate  online

2021-01-27

Short sellers on GameStop, a struggling computer game retailer, had lost $24 billion by trading’s close on Wednesday. By the company’s underlying numbers, the stock shouldn’t be worth nearly what it is now. But assets can trade durably above where they “should” for long stretches. One reason it happens is “the presence of noise traders in the market,” said Anastassia Fedyk.

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Automation, covid and the future of work

Forbes  online

2020-10-16

Research by Assist. Prof. Anastassia Fedyk has shown that firms that invest in AI see faster growth in sales that translates into growth at the industry level as well. But that growth isn't at the expense of jobs. Companies actually grew their workforces after investing in AI.

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Investing in AI boosts firm growth—and increases market dominance, study finds

Berkeley Haas News  online

2020-10-13

Large companies with their greater resources have a natural advantage when it comes to investing in artificial intelligence. Those investments, in turn, help those large companies to grow even larger—creating a virtuous circle that leads to even greater market dominance. In short, AI has helped “superstar” firms such as Amazon, JPMorgan Chase, and UnitedHealth, get even bigger, according to a new paper co-authored by Berkeley Haas Assistant Professor Anastassia Fedyk.

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MBA Professors To Look Out For—2018

BusinessBecause  online

2018-10-15

Originally from Ukraine, Anastassia majored in mathematics at university and joined the Berkeley faculty earlier this year as assistant professor of finance...

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Does Superior Reading Make Better Investors?

Barron's  online

2016-09-06

Writing for the Harvard Business Review, Anastassia Fedyk, a Phd candidate at Harvard who has studied the reading habit of various types of investors, contends that researchers at hedge funds “are much more likely to be the first to get a piece of news,” than other investors...

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Hedge Funds’ Information Advantage: Reading the News?

Chief Investment Officer  online

2016-08-29

Of all finance professionals, hedge fund managers are among the fastest and most active consumers of news—and the most likely to trade based on what they learn, found Harvard University PhD candidate Anastassia Fedyk. “They are disproportionately more likely to be the first to read any given piece of financial news,” she wrote, adding that consumption of news by hedge fund managers was “strongly related to trading volumes and security return dynamics.”...

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Working Papers (6)

Front Page News: The Effect of News Positioning on Financial Markets

July 2020 Anastassia Fedyk Revise and Resubmit (second round), Journal of Finance Best Paper Award, 2018 FMA Napa Conference on Financial Markets Research Best Ph.D. Paper Award, 2017 European Finance Association 2017 WFA Cubist Systematic Strategies PhD Candidate Award for Outstanding Research Finalist, 2016 Hillcrest Behavioral Finance Award

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Trading on Talent: Human Capital and Firm Performance

December 2020. Revise and Resubmit, Review of Finance. Anastassia Fedyk and James Hodson Best Paper on Long-Term Investments, 2018 Northern Finance Association Winner, 2017 Jack Treynor Prize from the Institute for Quantitative Research in Finance Second Place, 2017 PanAgora Asset Management Dr. Richard A. Crowell Memorial Prize

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When Can the Market Identify Old News?

November 2020 Anastassia Fedyk and James Hodson Finalist, 2019 Hillcrest Behavioral Finance Award

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Artificial Intelligence, Firm Growth, and Industry Concentration

November 2020 Anastassia Fedyk, Tania Babina, Alex He, and James Hodson

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Managerial Structure and Performance-Induced Trading

March 2020 Anastassia Fedyk, Saurin Patel, and Sergei Sarkissian

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Asymmetric Naïveté: Beliefs about Self-Control.

Internet Appendix

September 2018 Anastassia Fedyk Winner, Carlsberg Foundation Special Prize for Young Scholar at the 2018 NCBEE

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Selected Papers & Publications (4)

Disagreement after News: Gradual Information Diffusion or Differences of Opinion?

Review of Asset Pricing Studies (forthcoming)

Anastassia Fedyk

November 2020 Best Paper on Market Microstructure, 2019 Northern Finance Association Also circulated under the title of "News-Driven Trading: Who Reads the News and When?"

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Can Machine Learning Solve Your Business Problem?

HBR Guide to Data Analytics Basics for Managers

Anastassia Fedyk

(pp. 111-119) Harvard Business Review Press, 2018

How to Tell If Machine Learning Can Solve Your Business Problem

Harvard Business Review

Anastassia Fedyk

November 2016

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Research: How Investors’ Reading Habits Influence Stock Prices

Harvard Business Review

Anastassia Fedyk

September 2016

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Teaching (1)

Core Finance

MBA-203 & EWMBA-203