Professor of Financial Economics
Thorsten Hens is Full Professor of Financial Economics at the University of Zurich. He has been an SFI Faculty Member since 2006. He was an SFI Research Fellow from 2008 to 2013. Prof. Hens is the founder of the UZH spin-off Behavioral Finance Solutions, which assists financial firms in developing and implementing investor profiling methods that make use of behavioral finance principles.
His research focuses mainly on behavioral finance.
In one of his latest research projects, Prof. Hens and his co-authors study the factors affecting household debt portfolio choices using two approaches simultaneously: a traditional one, a time-discounting factor, and a behavioral one, national culture. Data analysis reveals that the long-term discount factor is a strong predictor of household debt maturity, but that national culture may actually have more importance. Societies showing higher levels of individualism and seeking to avoid uncertainty tend to prefer long-term debt.