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Jacob Sagi

Jacob Sagi

Professor of Finance and Wood Center in Real Estate Distinguished Scholar


McColl 4412CB# 3490 Chapel Hill, NC 27599-3490


Jacob Sagi is an expert on financial economics, decision theory and real estate finance.

His current research interests include risk and return in commercial real estate assets and related securities markets, text-analysis, the intersection of asset pricing with macroeconomics and real options. His decision theory interests include the modeling of decision making under uncertainty, unforeseen contingencies and reference-dependent choice.

His research has appeared in such leading publications as EconometricaThe Journal of Economic TheoryThe Journal of FinanceThe Journal of Financial Economics and The Review of Financial Studies.

Dr. Sagi’s research has received numerous distinctions. His work on closed-end funds with Martin Cherkes and Richard Stanton, published in the Review of Financial Studies, received the best-paper award at the 2006 Utah Winter Finance Conference, one of the most selective conferences in financial economics. His solo work on property-specific risk in commercial real estate was similarly honored in 2017.

Dr. Sagi previously served on the faculty at the Owen Graduate School of Management at Vanderbilt and the Haas School of Business at the University of California, Berkeley.

He received his PhD in financial economics and a PhD in physics from the University of British Columbia. He earned his B.Sc. with honors in physics from the University of Toronto.