Sugato Chakravarty is a Professor and the Head of the department of Consumer Sciences and Retailing at Purdue University.[1] He serves as Associate Editor of the Journal of Financial Markets.
He received his BS in Chemical Engineering from Jadavpur University (India) , his MS in Mechanical Engineering from the University of Kentucky, and his PhD in Finance from Indiana University.
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Over his career, Dr. Chakravarty has taught and researched in interdisciplinary fields of psychology, marketing, finance and mathematics. His primary research areas include market microstructure, banking and asset pricing involving stock, options and fixed income securities, and spans both domestic and foreign markets. He is probably best known for his work on the decimalization of stock prices, insider trading and stealth trading.
At Purdue, he is best known for popularizing a Personal Finance course that teaches undergraduates the basic skills of money management, credit, insurance and retirement. The course also covers all popular and current topics and relates them back to the basic principles. The class is structured around a football cliche: "Offense wins games but defense wins championships." Professor Chakravarty argues that in order to win the game of life one needs to have solid offensive and defensive strategies. Investments (including those for retirement) is an offensive strategy while insurance is a defensive strategy. Credit plays the role of good special teams in that a judicious use of credit can move the line of scrimmage from one's 20-yard line to the 45 or 50 yard line and thereby makes it easier to score a personal finance touchdown. The class boasts enrollments of over 400 students every semester and is an elective in almost all majors across the West Lafayette campus.
Dr. Chakravarty's research has appeared in leading academic journals, including the Journal of Finance, Journal of Financial Economics, Journal of Business, Journal of Financial and Quantitative Analysis, Journal of Empirical Finance, and the Journal of Financial Markets. His work has been written about in leading newspapers like the Wall Street Journal, Barron's, Investor's Business Daily and many others. His research has also been used as evidence in hearings by the US Congress. According to Harzing's "Publish or Perish" citation tracking software(http://www.harzing.com), Professor Chakravarty's research has been cited 965 times (as of January, 2009).
Professor Chakravarty has won research awards including the Barclay's Global Investors Research Award for the best paper on Australasian Markets (with P. Kalev and L. Pham) and the Best Paper Award (with B. Van Ness and R. Van Ness) at the Eastern Finance Annual Conference. He has also won a Q-group Research award and is listed in the Marquis Who's Who in American Education.