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{{COI|date=June 2015}}
{{EngvarB|date=September 2014}}
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'''Sugato Chakravarty''' is a visiting professor at [[Purdue University]].<ref>{{cite web|last=Chakravarty|first=Sugato|title=Department Head|url=http://www.cfs.purdue.edu/csr/about/dept_head.html|accessdate=12 September 2012}}</ref><ref>{{cite news|title=Professor offers fiscal advice for modern students |publisher=The Exponent|date=16 September 2004|url=http://archive.purdueexponent.org/interface/bebop/showstory.php?date=2004/09/16&section=features&storyid=PersonalFinance2997}}</ref> He serves as Associate Editor of the ''Journal of Financial Markets''.

Sugato completed high school at [[St. Xavier's Collegiate School|St. Xavier's School]] in Calcutta. He graduated from [[Jadavpur University]] in [[Calcutta]] with a [[Bachelor of Technology]] in Chemical Engineering before relocating to the United States for graduate studies. Chakravarty obtained a [[Master of Science]] in Mechanical Engineering from the [[University of Kentucky]], and his PhD in Finance from [[Indiana University]].<ref>{{cite web|last=Chakravarty|first=Sugato|title=Vita|url=http://www.cfs.purdue.edu/csr/documents/faculty_vitas/Vita_Sugato_March_2011.pdf|accessdate=9 December 2012}}</ref>

==Career==
Over his career, Dr. Chakravarty has taught and researched in interdisciplinary fields of psychology, marketing, finance and mathematics. His primary research areas include [[market microstructure]], banking and asset pricing involving stock, options and fixed income securities, and spans both domestic and foreign markets.<ref>{{cite web|last=Chakravarty|first=Sugato|title=Vita|url=http://www.cfs.purdue.edu/csr/documents/faculty_vitas/Vita_Sugato_March_2011.pdf|accessdate=9 December 2012}}</ref> He is probably best known for his work on the decimalisation of stock prices,<ref>{{cite news|last=Gaston|first=Scott|title=Decimal Transition on Amex, NYSE Proceeds Smoothly|newspaper=The Wall Street Journal Interactive Edition|date=29 August 2000}}</ref><ref>{{cite news|last=Cerun|first=Gaston|title=Decimalization Cuts Wall Street Profit, Narrowing Bid-Ask Spreads, Says Study|newspaper=The Wall Street Journal Interactive Edition|date=8 September 2000}}</ref><ref>{{cite news|last=Cerun|first=Gaston|title=Decimalization Continues to Narrow Spreads, an Updated Study Says|newspaper=The Wall Street Journal Interactive Edition|date=19 September 2000}}</ref><ref>{{cite news|last=Cerun|first=Gaston|title=Big Board to Add 94 Stocks to List of Securities Trading in Decimals|newspaper=The Wall Street Journal|date=7 October 2000}}</ref><ref>{{cite news|last=Bentley|first=Cassandra|title=Quoting Stocks in Dollars and Cents|url=http://www.wiley.com/WileyCDA/Section/id-7899.html|accessdate=14 September 2012|newspaper=Wiley}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Wood R., and Van Ness R.A.|title=Decimals And Liquidity: A Study Of The Nyse|journal=Journal of Financial Research|year=2004|volume=27|issue=1|pages=75–94|doi=10.1111/j.1475-6803.2004.00078.x|citeseerx=10.1.1.496.973}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Van Ness B.F., Van Ness R.A.|title=The Effect of Decimalization on Tick Size and Adverse Selection Costs|journal=Journal of Business Finance & Accounting|year=2005|volume=32|issue=5–6|doi=10.1111/j.0306-686X.2005.00622.x|pages=1063–1081}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Panchapagesan V. and Wood R. A.|title=Has Decimalization Hurt Institutional Investors? An Investigation into Trading Costs and Order Routing Practices of Buy Side Institutions|journal=Presented at the NBER Meetings, Boston|date=December 2002}}</ref> insider trading,<ref>{{cite journal|last=Chakravarty|first=Sugato|author2=John J. McConnell |title=Does Insider Trading Really Move Stock Prices?|journal=Journal of Financial and Quantitative Analysis|date=19 June 1999|volume=34|issue=2|pages=191–209|doi=10.2307/2676278|url=http://journals.cambridge.org/action/displayAbstract;jsessionid=663FBB57BF4ABF453D68C00AA4B113CD.journals?fromPage=online&aid=4194160|jstor=2676278}}</ref> and stealth trading.<ref>{{cite journal|last=Chakravarty|first=Sugato|title=Stealth-trading: Which traders' trades move stock prices?|journal=Journal of Financial Economics|year=2001|volume=61|issue=2|pages=289–307|doi=10.1016/S0304-405X(01)00063-0|citeseerx=10.1.1.378.1403}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Kalev, Pham |title=Stealth Trading in Volatile Markets|journal=Working Papers|year=2004}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Van Ness B.F., Van Ness R.A.|title=The Effect of Decimalization on Trade Size and Adverse Selection Costs|journal=Journal of Business Finance & Accounting|year=2005|volume=32|issue=5–6|pages=1063–1081|doi=10.1111/j.0306-686X.2005.00622.x}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Gulen H. and Mayhew S.|title=Informed Trading in Stock and Options Markets|journal=Journal of Finance|year=2004|volume=59|issue=3|pages=1235–1258|doi=10.1111/j.1540-6261.2004.00661.x|citeseerx=10.1.1.195.7035}}</ref><ref>{{cite journal|last=Anand|first=A.|author2=Chakravarty S. |title=Stealth trading in Options Markets|journal=Journal of Financial and Quantitative Analysis|year=2007|volume=42|issue=1|doi=10.1017/S0022109000002234|pages=167}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Jaina P.,Upsona J. and Wooda R.|title=Clean Sweep: Informed Trading through Intermarket Sweep Orders|journal=Journal of Financial and Quantitative Analysis|year=2012|volume=47|issue=2|pages=415–435|doi=10.1017/S0022109012000129|url=http://fpbmonitor.com/action/displayAbstract?fromPage=online&aid=8477146&fulltextType=RA&fileId=S0022109012000129}}</ref>

At Purdue, he is best known for teaching a Personal Finance course that teaches undergraduates the basic skills of money management, credit, insurance and retirement.<ref>{{cite web|last=Chakravarty|first=Sugato|title=Introduction to Personal Finance at Purdue (CSR 342)|url=http://www.sdces.com/index.php?categoryid=11&p2_articleid=16|accessdate=9 December 2012}}</ref><ref>{{cite web|last=Pylypiv|first=Mariya|title=CSR 342: Personal Finance homepage|url=http://web.ics.purdue.edu/~mpylypiv/csr342/|accessdate=9 December 2012}}</ref><ref>{{cite news|last=Evans|first=Tim|title=Web-based tool Hotseat taking students' questions|url=https://www.usatoday.com/news/education/2009-12-01-Hotseat01_st_N.htm|accessdate=9 December 2012|newspaper=USA Today|date=12 February 2009}}</ref><ref>{{cite news|last=Young|first=Jeffrey|title=Teaching With Twitter: Not for the Faint of Heart Students are emboldened, but they can also hijack discussions|url=https://chronicle.com/article/Teaching-With-Twitter-Not-for/49230/|accessdate=9 December 2012|newspaper=The Chronicle of Higher Education|date=22 November 2009}}</ref> The course also covers all popular and current topics and relates them back to the basic principles. The class is structured around a football cliché: "''Offense wins games but defense wins championships''." Professor Chakravarty argues that to win the game of life one needs to have solid offensive and defensive strategies. Investments (including those for retirement) is an offensive strategy while insurance is a defensive strategy. Credit plays the role of good special teams in that a judicious use of credit can move the line of scrimmage from one's 20-yard line to the 45 or 50 yard line and thereby makes it easier to score a personal finance touchdown.<ref>{{cite book|last=Chakravarty|first=Sugato|title=Street Smarts, Book Smarts—Personal Finance through Facts, fiction, and Conversation|year=2011|publisher=XanEdu|isbn=978-1-58152-667-7|pages=337|url=http://www.xanedu.com/copley/chakravarty.shtml}}</ref> The class boasts enrollments of over 400 students every semester and is an elective in almost all majors across the West Lafayette campus.

==Publications==
Dr. Chakravarty's research has appeared in leading academic journals, including the ''Journal of Finance'',<ref>{{cite journal|last=Chakravarty|first=Sugato|author2=H. Gulen and S. Mayhew|title=Informed Trading in Stock and Options Markets|journal=Journal of Finance|year=2004|volume=59|issue=3|pages=1235–1258|doi=10.1111/j.1540-6261.2004.00661.x|citeseerx=10.1.1.195.7035}}</ref> ''Journal of Financial Economics'',<ref>{{cite journal|last=Chakravarty|first=Sugato|title=Stealth trading: Which traders' trades move stock prices?|journal=Journal of Financial Economics|year=2001|volume=61|issue=2|pages=289–307|doi=10.1016/S0304-405X(01)00063-0|citeseerx=10.1.1.378.1403}}</ref><ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Li K. |title=An Examination of Own Account Trading by Dual Trading in Futures Markets|journal=Journal of Financial Economics|year=2003|volume=69|issue=2|pages=375–397|doi=10.1016/S0304-405X(03)00117-X|url=http://www.accessecon.com/pubs/EB/2002/Volume28/EB-02AA0007A.pdf}}</ref> ''Journal of Business'',<ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Scott J. |title=Relationships and Rationing in Consumer Loans|journal=The Journal of Business|year=1999|volume=72|issue=4|pages=523–544|jstor=10.1086/209626|doi=10.1086/209626}}</ref> ''Journal of Financial and Quantitative Analysis'',<ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Jain P. |author3=Upson J. |author4=Wood R. |title=Clean Sweep: Informed Trading through Intermarket Sweep Orders|journal=Journal of Financial and Quantitative Analysis|year=2011}}</ref> ''Journal of Empirical Finance'',<ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Li K. |title=A Bayesian Analysis of Dual Trader Informativeness in Futures Markets|journal=Journal of Empirical Finance|year=2003|volume=10|issue=3|pages=355–371|doi=10.1016/S0927-5398(02)00051-8}}</ref> and the ''Journal of Financial Markets''.<ref>{{cite journal|last=Ananda|first=Amber|author2=Sugato Chakravarty |author3=Chairat Chuwonganant |title=Cleaning House: Stock Reassignments on the NYSE|journal=Journal of Financial Markets|year=2009|volume=12|issue=4|pages=727–753|doi=10.1016/j.finmar.2009.07.001}}</ref> His work has been written about in leading newspapers like the ''Wall Street Journal'', ''Barron's'', ''Investor's Business Daily'' and many others. His research has also been used as evidence in hearings by the US Congress. Professor Chakravarty's research impact is provided in Google Scholar (https://scholar.google.com/citations?user=_A6bNxYAAAAJ) and is upwards of 5732.

==Teaching==
Dr. Chakravarty has also been a pioneer in the broad area of student learning in large classrooms. At heart is the commonly reported concern that students are distracted in large auditorium lecture formats commonly employed by all major universities in the US and elsewhere to teach popular classes. Accordingly, Dr. Chakravarty has forged new ground by using social media as a vehicle to encourage student participation and learning through the specific use of a technology known as "Hotseat" (a variant of Twitter),<ref>{{cite news|last=Tally|first=Steve|title=Hotseat lets students Facebook, Tweet in class to improve learning|url=http://www.purdue.edu/uns/x/2009b/091102BowenHotseat.doc.html|accessdate=13 September 2012|newspaper=Purdue News|date=2 November 2009}}</ref><ref>{{cite news|title=Hotseat Brings Social Media in the Classroom|url=http://kiwicommons.com/index.php?p=3604&tag=hotseat-brings-social-media-in-the-classroom|accessdate=13 September 2012|newspaper=Kiwi Commons|date=27 November 2009}}</ref> by opening a simultaneous back channel of communication among students and between the students and the instructor during classroom lectures. Thus, through HotSeat, his students can ask questions or opine on a topic being discussed in real time and engage in a real interaction with the instructor and among fellow students in the room. The details of this ongoing social experiment have been extensively written up in the USA Today,<ref>{{cite news|last=Evans|first=Tim|title=Web-based tool Hotseat taking students' questions|url=https://www.usatoday.com/news/education/2009-12-01-Hotseat01_st_N.htm|accessdate=13 September 2012|newspaper=USA Today|date=12 February 2009}}</ref> the New York Times,<ref>{{cite news|last=GABRIEL|first=TRIP|title=Speaking Up in Class, Silently, Using Social Media|url=https://www.nytimes.com/2011/05/13/education/13social.html?_r=1&ref=tripgabriel|accessdate=13 September 2012|newspaper=New York Times|date=12 May 2011}}</ref> as well as featured in an article in The Chronicle of Higher Education.<ref>{{cite news|last=Young|first=Jeffrey|title=Teaching With Twitter: Not for the Faint of Heart|url=https://chronicle.com/article/Teaching-With-Twitter-Not-for/49230/|accessdate=13 September 2012|newspaper=The Chronicle of Higher Education|date=22 November 2009}}</ref>

==Awards==
Professor Chakravarty has won research awards including the Barclay's Global Investors Research Award<ref>{{cite web|last=Kalev|first=Petko|title=Professor|url=http://www.unisanet.unisa.edu.au/staff/homepage.asp?name=petko.kalev|accessdate=13 September 2012}}</ref> for the best paper on [[Australasia]]n Markets (with P. Kalev and L. Pham) and the Best Paper Award (with B. Van Ness and R. Van Ness) at the Eastern Finance Annual Conference.<ref>{{cite web|last=Van Ness|first=Robert|title=Professor|url=http://www.olemissbusiness.com/finance/documents/Van%20Ness,%20Robert.pdf|accessdate=13 September 2012}}</ref> He has also won a Q-group Research<ref>{{cite journal|last=Chakravarty|first=Sugato|author2=Gulen H. and S. Mayhew|title=Informed Trading in Stock and Option Markets|doi=10.1111/j.1540-6261.2004.00661.x |journal=Journal of Finance|year=2004|volume=LIX|issue=3|url=http://www.krannert.purdue.edu/faculty/hgulen/informed.pdf|pages=1235–1258|citeseerx=10.1.1.195.7035}}</ref> award, and won Best Paper Award of 2011 in the Journal of Financial Research,<ref>{{cite web|title=Journal of Financial Research Announcement of the 2011 Outstanding Article Awards|url=http://www.ssrn.com/update/fen/fenann/ann12079.html|publisher=JFR|accessdate=13 September 2012}}</ref> and is listed in the ''Marquis Who's Who in American Education<ref>{{cite web|title=Marquis Who's Who on Demand|url=https://cgi.marquiswhoswho.com/OnDemand/Default.aspx?last_name=cHAKRAVARTY}}</ref>''.

==Professional Service==

Chair, Purdue University’s Censure and Dismissal Procedures Faculty Committee 2006–.
Member, Purdue University’s Censure and Dismissal Procedures Faculty Committee 2005–2006.
Director of graduate studies for consumer economics within Consumer Sciences and Retailing.
Associate Editor: Journal of Financial Markets.
Editorial Advisory Board: The Open Economics Journal.

'''Referee for:'''
Journal of Finance; American Economic Review; Review of Financial Studies; Journal of Business; Journal of Financial Markets; Journal of Financial and Quantitative Analysis; Quarterly Journal of Economics; Family and Consumer Science Research Journal; Journal of Business and
Psychology; Journal of Economic Psychology; Journal of Financial Intermediation; The Journal of Futures Markets; The Journal of Banking and Finance; Journal of Financial Research; Economic Journal; Canadian Research Council, RAND Journal of Economics.

'''Membership in Academic and Professional Societies:'''
Financial Management Association (also member of Program Committee).
Western Finance Association.
American Finance Association.
American Council on Consumer Interests.

==References==
{{Reflist|30em}}

{{Authority control}}

{{DEFAULTSORT:Chakravarty, Sugato}}
[[Category:Indian academics]]
[[Category:Living people]]
[[Category:Year of birth missing (living people)]]
[[Category:Place of birth missing (living people)]]
[[Category:Jadavpur University alumni]]
[[Category:Purdue University faculty]]

Sugato Chakravarty - Revision history

>Tom.Reding: +{{Authority control}} (3 IDs from Wikidata), WP:GenFixes on