Professor Orly Sade is the Albertson-Waltuch Chair in Business Administration and an Associate Professor of Finance (with tenure) at the Department of Finance, School of Business Administration, Hebrew University of Jerusalem. She is a member of the scientific board of the experimental finance society.

Sade is a Visiting Associate Professor at the Stern School of Business, NYU, and has been a visiting Associate Professor at additional leading universities around the world (NYU Shanghai and  IE Madrid and NES, Moscow). She has received letters of recognition for excellent teaching, and her research has been published in leading international academic journals, and has been presented at leading academic conferences. Professor Orly Sade served as director of the BA program at The Hebrew University and received the Abe Gray awards from the President of the Hebrew University. She has been awarded several research grants, including multiple grants from the Israel Science Foundation.

Professor Orly Sade is a board member at “Clal Insurance” and was a member of the advisory board of the Israeli Ministry of Finance’s capital market division, a member of the Ministry of Finance committee which selected a company which cites non trade-able assets, and served on the board of directors of the Israeli Securities Authority. She also served as a member of the investment committee for the “Hadassah” pension fund (part of the Israeli pension reform), the provident fund for Hebrew University employees, the welfare fund for Hebrew University employees, the investment committee responsible for investing funds of the academic staff union of Hebrew University, and “responsibility” mutual funds. She served as a member of the board of directors of the Hebrew University provident fund and as an outside director at Sigma Mutual Funds. She advised financial institutions and companies in the fields of finance, debt offerings and tenders. She worked in the banking sector and the Banking Supervision Department of the Bank of Israel.

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PUBLICATIONS

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  • Longevity Perceptions and Saving Decisions during the Covid-19 Outbreak: An Experimental Investigation (2020) Co authored with Abigail Hurwitz and Olivia Mitchell. Forthcoming AEA papers and ProceedingsTo view article press here.
  • Gender Dynamics in Crowdfunding: (Kickstarter): 
    Evidence on Entrepreneurs, Backers, and Taste-Based Discrimination (2020) Co authored with Hadar Gafni, Dan Marom and Alicia Robb.  Forthcoming The Review of Finance. To view article press here. 
  • Out-Of-Pocket vs. Out-Of-Investment in Financial Advisory Fees: Evidence from the Lab (2020) Co-authored with Yevgeny Mugerman and Eyal Winter forthcoming Journal of Economics Psychology To view article press here 
  • Can Mandatory Minimum Annuity Laws Have Unintended Consequences? An Experimental Study (2020) Co-authored with Abigail Hurwitz and Eyal Winter   Journal of Economic Behavior & Organization Volume 169, January 2020, Pages 208-222. To View article press here  
  • An Investigation of Time Preferences, Life Expectancy and Annuity versus Lump-Sum Choices – Can Smoking Harm Long-Term Saving Decisions? (2020) Co-authored with Abigail Hurwitz –  Journal of Economic Behavior & Organization  Volume 180, December 2020, Pages 812-825To View article press here

  • Are the Life and Death of an Early Stage Venture Indeed in the Power of the Tongue? Lessons from Online Crowdfunding Pitches - (2019) 
    co-authored with Gafni Hadar and Dan Marom.  Strategic Entrepreneurship Journal  (SEJ), Volume 13, Issue 1, March 2019, pp. 3-23
    To View article press here. Recieved the 2014 Coller Institute of Venture award.
  • Long Term Savings Decisions: Inertia, Peer Effects and Ethnicity (2014) co-authored with Yevgeny Mugerman and Moses Shayo - Journal of Economic Behavior & Organization, volume 106, pp. 235-253. To view article press here
  • Divisible Good Auctions with Asymmetric Information: An Experimental Examination" (2013) co-authored with Emmanuel Morales Camargo, Charles Schnitzlein and Jaime Zender – Journal of Financial and Quantitative Analysis, volume 48, issue 04, pp. 1271-1300. To view article press here.
  • "On the Persistence of Overconfidence: Evidence from Multi-Unit Auctions" (2013) co-authored with Emmanuel Morales Camargo, Charles Schnitzlein and Jaime Zender - Journal of Behavioral Finance, volume 16, no. 1,02.01.2015, pp. 68-80. To View article press here.
  • "Sovereign Debt Auctions: Uniform or Discriminatory?" (2009) co-authored with Menachem Brenner and Dan Galai – Journal of Monetary Economics volume 56, issue 2, pp.267-274. To view article press here.
  • "The Ostrich Effect" and the Relationship between the Liquidity and the Yields of Financial Assets" (2006) co-authored h Dan Galai - Journal of Business, volume 79, Issue 5, September 2006. To view article press here.
  • "When Less (Potential Demand) is More (Revenue): Asymmetric Bidding Capacities in Divisible Good Auctions" (2006) co-authored with Charles Schnitzlein and Jaime Zender – Review of Finance, volume 10, Issue 3, pp. 389-416. To view article press here
  • "Competition and Cooperation in Divisible Good Auctions: An Experimental Examination" (2006) co-authored with Charles Schnitzlein and Jaime Zender – Review of Financial Studies, volume 19 (1), January 2006, pp. 195-235. To view article press here.
  • "Measuring Stock Illiquidity: An Investigation of the Demand and Supply Schedules at the TASE"(2004) co-authored with Avner Kalay and Avi Wohl - Journal of Financial Economics, volume 74, Issue 3, December 2004, pp. 461-486. To view article press here.
  • "Does The Option to Cancel an Order in a Double Auction Market Matter?" (2004) co-authored with Steve Crowley - Economics Letters, volume 83, Issue 1, April 2004, pp.89-97. To view article press here. 

CURRENT RESEARCH

  • Robo-Advisor Adoption, Willingness to Pay, and Trust—Before and at the Outbreak of the COVID-19 Pandemic  
    Co-authored with Daniel Ben-David, To view this article press here 
    Conferences:
    • 2018 Pension reforms and behavioral perspectives on pensions FU Berlin (co-author)
    • 2019 Asia meeting of the experimental finance society, Singapore (Co-author)
    • 2019 Workshop on Algorithmic Trading : Interdisciplinary Investigations Durham, Britain
    • 2019 Fintech Conference, NHH, Norway (Co-author)
    • 2019 IE-HU Finance Workshop 
    • 2020 NA meeting of the experimental finance society, SLC, Utah
    • 2020 RAND Behavioral FInance Forum 
  • Using AI and Behavioral Finance to Cope with Limited Attention and Reduce Overdraft Fees 
    Co-authored with Daniel Ben-David. To view this article press here.
    Conferences:
    • Advances with field experiments conference SEP, 2019, University of Chicago (co-author)
    • 2019, Exeter Behavioral Finance Prize Workshop, Exeter, Britain 
    • 2019 Intuit AI Summit conference, California (co-author)
    • 2020 10th Annual FDIC Consumer Research Symposium
  • Is One Plus One Always Two? Insuring Longevity Risk While Having Multiple Saving Accounts 
    Co authored with Abigail Hurwitz.
    Conferences:
    • 2019 Experimental Finance, Copenhagen, June 2019
    • 2020 AEA, San Diego (co-author)
    • 2020  Conference on Experimental and Behavioral Aspects of Financial Markets, Chapman University, USA
    • 2020 Netspar, Netherland
    • 2020 ESA Global Online Around-the-Clock Meetings (co-author)
    • Seminar: University of Connecticut, IFREE workshop- Chapman, Baruch College
  • Investigating the Introduction of a Regulatory Fintech Advancement Designed to Reduce Limited Attention Regarding Inactive Saving Accounts – Data, Survey, and Field Experiment. To View article press here
    • Seminars: Hebrew University
    • 2017 IAREP Conference – Leveraging Behavioral Insights (co-author)
    • 2017 Data for Policy - ‘Government by Algorithm?’ London (co-author)
    • 2017 Subjective Probability, Utility and Decision Making (SPUDM 26)
    • 2017 IRMC, Florence
    • 2017 10th Financial Risks International Forum, Paris
    • 2017 Law and Finance Hebrew University  (co-author)
    • 2016 Industrial Organization, Regulation and Competition Policy in Israel