Lars A. Lochstoer

Associate Professor

Finance and Economics

PhD, University of California at Berkeley, 2005

Joined CBS in 2008

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Lars Lochstoer

405B Uris




Teaching and research interest

Professor Lochstoer's main research interest is asset pricing, where he focuses on the relation between the real economy and financial markets, as well as the pricing of derivative instruments. His research has been presented at both academic and practitioner conferences and published in top academic finance journals, such as the Review of Financial Studies. He has a Masters in Business Economics from the Norwegian University of Science and Technology and earned his Ph.D. in Finance from the University of California at Berkeley. Lochstoer has taught MBA- and Ph.D.-level finance courses at Haas School of Business and London Business School, as well as at Columbia Graduate School of Business. Prior to his academic career, Lochstoer worked as a quantitative analyst at Carnegie Asset Management in Norway.

Journal articles

Investor Inattention and the Market Impact of Summary Statistics In Management Science (2012)
Author(s): Thomas Gilbert, Shimon Kogan, Lars Lochstoer, Ataman Ozyildirim

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Long-Run Risk through Consumption Smoothing In The Review of Finanical Studies (2010)
Author(s): Georg Kaltenbrunner, Lars Lochstoer

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Estimation of a Stochastic-Volatility Jump-Diffusion Model In Revista de Analisis Economico (2000)
Author(s): Roger Craine, Lars Lochstoer, Knut Syrtveit

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Working Papers

Learning about Consumption Dynamics Working paper (2011)
Author(s): Michael Johannes, Lars Lochstoer, Yiqun Mou

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The Asset Pricing Implications of Priced Structural Parameter Uncertainty Working Paper (2011)
Author(s): Michael Johannes, Lars Lochstoer, Pierre Collin-Dufresne

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Limits to Arbitrage and Hedging: Evidence from Commodity Markets (2009)
Author(s): Viral Acharya, Lars Lochstoer, Tarun Ramadorai

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Forthcoming Articles

Expected Returns and the Business Cycle: Heterogeneous Goods and Time-Varying Risk Aversion In Review of Financial Studies (2008)
Author(s): Lars Lochstoer

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