Professor Nagel’s research spans topics in asset pricing, behavioral finance, and the study of financial crises. His current research examines the formation of subjective expectations and risk preference and the role they play in the formation of booms and busts in asset prices. He also studies the role of liquidity in financial crises. 

Professor Nagel has won various awards and fellowships, among them the Smith-Breeden Prize of the American Finance Association for the best paper in the Journal of Finance in 2004 and the Fama/DFA prize for the best asset pricing paper in the Journal of Financial Economics in 2006 (first prize) and 2010 (second prize). He is a research associate at the National Bureau of Economic Research, a Research Fellow at the Centre for Economic Policy Research, an associate editor of the Journal of Finance and the Review of Finance, and he has served as reviewer for the top finance and economics journals. 

Professor Nagel teaches an MBA elective course on Financial Markets and Empirical Finance in the PhD program. He received his PhD from the London Business School, and he had been a visiting doctoral student at MIT. Before joining the Stanford GSB, he also spent a year as a lecturer at Harvard University.