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Norbert Pierre

Financial Economist

Commercial Credit Risk Analysis Division

Norbert Pierre is a financial economist in the Commercial Credit Risk Analysis Division at the Office of the Comptroller of the Currency (OCC).

Prior to joining the OCC in 2015, Dr. Pierre was an assistant professor of finance at Youngstown State University. Dr. Pierre earned his Ph.D. in finance from Baruch College of the City University of New York.

Dr. Pierre's research interests include principal-agent theory, behavioral economics, network economics, algorithmic fairness and systemic risk.

Dr. Pierre’s research papers can be found here.

  1. Pierre, Norbert (2015). "Foreign Direct Investment, Rule of Law and Corruption," Asia-Pacific Journal of Financial Studies, 44(2), 281-297.

  1. Dahya, Jay and Pierre, Norbert (2009). "Family Values: Blockholders, Corporate Boards, Resource Diversion and Corruption," In Proceedings of Eastern Finance Association.
  2. Pierre, Norbert (2014). "Loss Averse Agency," Available at SSRN: (Accepted for presentation at Behavioural Finance Working Group (BFWG) Conference, Queen Mary, University of London, 23rd - 24th June 2014)
  3. Pierre, Norbert (2013). "Reference-Dependent Reservation Utility and the Comparison Discount," Available at SSRN: (Accepted at Research in Behavioural Finance Conference, Rotterdam, 18th- 19th September, 2014)

  1. Pierre, Norbert (2012). The Effect of an Independent Blockholder on the Board of Directors. Available at SSRN: (TOP TEN download list for: Institutions & Transition Economics: Microeconomic Issues eJournal)
  2. Pierre, Norbert (2012). "The Impact of Negative Media on the CEO and Board of Directors," Available at SSRN:
  3. Pierre, Norbert (2012). "Family Blockholders and Control of the Board of Directors," Available at SSRN:
  4. Pierre, Norbert (2012). "The Impact of Social Institutions on Social Consensus and Social Polarization," Available at SSRN:
  5. Pierre, Norbert (2013). "Increasing the Information Ratio Using Mixture Strategies," Available at SSRN: (TOP TEN download list for: Financial Engineering eJournal)
  6. Pierre, Norbert (2015). "First-Order Lower Partial Moment Portfolio Theory," Available at SSRN:
  7. Pierre, Norbert (2015). "Fighting AIDS in Africa: A Principal-Agent Analysis," Available at SSRN:
  8. Pierre, Norbert (2017). "Lying, Loss Aversion and Probability," (Accepted for presentation at the 2017 Academy of Behavioral Finance & Economics Annual Meeting; Los Angeles, CA, 20170)
  9. Pierre, Norbert (2018). "The Effect of Loss Aversion on the Principal-Agent Problem," (Accepted for presentation at the 2018 Financial Management Association Annual Meeting; San Diego, CA, October 10 – 13 2018)
  10. Pierre, Norbert (2019). "Partial Lying and the Poisson Binomial Distribution."
  11. Pierre, Norbert (2012). "The Impact of Social Institutions on Social Consensus and Social Polarization."
  12. Pierre, Norbert (2019). "Koszegi-Rabin Preferences, Downside Risk and Loss Averse Portfolio Choice."