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IU Bloomington

Noah Stoffman

Kelley School of Business

Expert Bio

Noah Stoffman is an associate professor of finance and Weimer Faculty Fellow at the Indiana University Kelley School of Business. His research focuses on the investment decisions of professional money managers and individual investors, and on the effect of technological innovation on asset prices. Much of his work highlights the importance of social interaction in the spread of information in financial markets. 

Stoffman teaches courses on analysis of financial data to undergraduates, MBAs and doctoral students at the Kelley School.

One of Stoffman’s journal publications, “Trust Busting: The Effect of Fraud on Investor Behavior,” showed that the collapse of the Ponzi scheme operated by financier Bernie Madoff had an effect not only on his many direct victims, but also on the general level of trust in financial services. His analysis showed that decline in trust shock was transmitted through social networks.

Stoffman received a doctorate in finance from the University of Michigan in 2008 and a Bachelor’s of Commerce from the University of Toronto.

Areas of Expertise

Finance, commerce, capital finance, mutual funds.