Mark Hendricks

Department of Economics and Booth School of Business, University of Chicago

Stevanovich Student Fellow 2011: The Economics department awards a prize for the best student in an advanced 
field related to economic dynamics. This includes students studying 
macroeconomics and finance. Mark won the prize. He already has a published 
paper with other co-authors in the Journal of Financial Econometrics.

Mark has been working on a project that should evolve into a superb 
dissertation. He is investigating models of in which economic agents 
act as statisticians that struggle while trying to infer the best fitting 
model and making inferences about it. It is using state of art Bayesian 
numerical methods, but modifying them to include some skepticism on the 
part of investors. His aim to explain why in some time periods there is 
"flight to quality" in search of financial market returns.