• Roger G. Ibbotson,

    1. Professor in the practice of finance at the Yale School of Organization and Management. He is also President of Ibbotson and Associates, Inc., a consulting firm based in Chicago and New Haven. Dr. Ibbotson is co-author (with Rex Sinquefeld) of Stocks, Bonds, Bills, and Inflation and (with Gary Brinson) of Investment Markets: Gaining the Peformance Advantage.
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  • Jody L. Sindelar,

    1. Assistant Professor of Economics at Yale University's Institute for Social and Policy Studies. Dr. Sindelar's primary research focus is the economics of health care.
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  • Jay R. Ritter

    1. Assistant Professor of Finance at the University of Michigan's School of Business Administration. His research interests are initial public offerings and seasonal patterns in stock returns.
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      The authors gratefully acknowledge the financial support of the J. Ira Harris Center for the Study of Corporate Finance at the Michigan Business School.

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