Sugato Chakravarty
Encyclopedia
Sugato Chakravarty is a Professor
and the Head of the department of Consumer Sciences and Retailing at Purdue University
. 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
.
, 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.
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
and the Head of the department of Consumer Sciences and Retailing at Purdue University
Purdue University
Purdue University, located in West Lafayette, Indiana, U.S., is the flagship university of the six-campus Purdue University system. Purdue was founded on May 6, 1869, as a land-grant university when the Indiana General Assembly, taking advantage of the Morrill Act, accepted a donation of land and...
. He serves as Associate Editor of the Journal of Financial Markets.
He received his BS
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
in Chemical Engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...
from Jadavpur University
Jadavpur University
Jadavpur University , is a premier educational and research institution in India.It is located in Kolkata, West Bengal and comprises two campuses - the main campus at Jadavpur and the new campus at Salt Lake...
(India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
) , his MS
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
in Mechanical Engineering
Mechanical engineering
Mechanical engineering is a discipline of engineering that applies the principles of physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the...
from the University of Kentucky
University of Kentucky
The University of Kentucky, also known as UK, is a public co-educational university and is one of the state's two land-grant universities, located in Lexington, Kentucky...
, and his PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
in Finance from Indiana University
Indiana University
Indiana University is a multi-campus public university system in the state of Indiana, United States. Indiana University has a combined student body of more than 100,000 students, including approximately 42,000 students enrolled at the Indiana University Bloomington campus and approximately 37,000...
.
Career
Over his career, Dr. Chakravarty has taught and researched in interdisciplinary fields of psychology, marketing, finance and mathematics. His primary research areas include market microstructureMarket microstructure
Market microstructure is a branch of finance concerned with the details of how exchange occurs in markets. While the theory of market microstructure applies to the exchange of real or financial assets, more evidence is available on the microstructure of financial markets due to the availability of...
, 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.