I am currently an associate professor of finance in the Parker College of Business at Georgia Southern University and a research associate for the Institute for New Economic Thinking (INET) program on Knightian Uncertainty Economics (KUE). My research focuses on testing the implications of macro-finance models based on KUE by investigating the relative roles and dynamics between market fundamentals, psychology, and social context in explaining instability in stock price fluctuations. I earned my doctoral degree at the University of New Hampshire. My research has received attention from financial press outlets such as The Economist and Bloomberg News and has been featured prominently in the book Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State - a 2011 finalist for the Paul Samuelson Prize.
Nicholas Mangee
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Introducing the Novelty-Narrative Hypothesis
A new view of stock market instability under Knightian uncertainty
Expectations Concordance and Stock Market Volatility: Knightian Uncertainty in the Year of the Pandemic
Stock-Price Volatility During the Pandemic
How Market Sentiment Underpins Knightian Uncertainty
We find empirical evidence that changes in market sentiment drive unforeseeable change in how stock returns unfold over time, thereby engendering Knightian uncertainty.
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Review of Mangee's INET-CUP Book in Seeking Alpha
Nicholas Mangee, associate professor of finance in the Parker College of Business at Georgia Southern University, begins How Novelty and Narratives Drive the Stock Market with a statement that encompasses the problem he tackles and the compelling reason for investor interest in the new-style thinking that addresses it. This detailed stock market study attempts to extend Nobel Prize-winner Robert Shiller’s development of narrative economics, albeit Mangee’s focus is on novelty information embedded in textual news narratives. Using a set of text-based indices to capture the uncertainty and ambiguity in unscheduled news, Mangee measures the impact of news narratives on equity behavior.
INET Announces Program on Knightian Uncertainity Economics
Rethinking the role of markets and government policy in light of our inherently limited ability to foresee economic and social outcomes
Knightian Uncertainty Economics (KUE)
Rethinking the role of markets and government policy in light of our inherently limited ability to foresee economic and social outcomes