Man

Tomás Hernán Reyes Torres

Associate Professor

Pontificia Universidad Católica de Chile

Santiago, Chile

Líneas de Investigación


Behavioral economies; behavioral finance; applied econometrics.

Educación

  •  Business Administration , UNIVERSITY OF CALIFORNIA-BERKELEY. Estados Unidos, 2012
  •  Business Administration , UNIVERSITY OF CALIFORNIA-BERKELEY. Estados Unidos, 2010
  •  Computer Science, PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE. Chile, 2006
  •  Industrial Engineer, Concentration in Computer Engineering. Chile, 2006
  •  Engineering Science, PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE. Chile, 2006

Experiencia Académica

  •   Associate Professor Full Time

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Engineering

    Santiago, Chile

    2019 - A la fecha

  •   Assistant Professor Full Time

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Engineering

    Santiago, Chile

    2013 - 2019

  •   Adjunct Instructor Part Time

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Engineering

    Santiago, Chile

    2012 - 2013

  •   Instructor Full Time

    UNIVERSIDAD ADOLFO IBANEZ

    Engineering and Sciences

    Santiago, Chile

    2007 - 2008

Experiencia Profesional

  •   Member of the Board of Directors Part Time

    Sensor Capital SA General Fund Manager

    Santiago, Chile

    2018 - A la fecha

Formación de Capital Humano


Training of people, current supervision of postgraduate students:
Álvaro Chacón, Doctorate in Engineering Sciences, Supervisor; Alejandra Parrao, Doctorate in Engineering Sciences, Supervisor; Felipe Carraha, M.Sc. in Engineering, Supervisor; Benjamín Hassi, M.Sc. in Engineering, Supervisor; Daniel Carrasco, M.Sc. in Engineering, Supervisor; Consuelo Game, M.Sc. in Engineering, Supervisor; Soledad Gutiérrez, M.Sc. in Engineering, Supervisor; José Tomás Gutiérrez, M.Sc. in Engineering, Supervisor; Nicolás Herrera, M.Sc. in Engineering, Supervisor; Sebastián Ortiz, M.Sc. in Engineering, Supervisor; Matías Ramos, M.Sc. in Engineering, Supervisor; Agustín Iglesias, M.Sc. in Engineering, Co-supervisor; Francisco Larach, M.Sc. in Engineering, Co-supervisor; Kristel Schon, M.Sc. in Engineering, Co-supervisor.

Training of people, supervised postgraduate thesis:
• “A Compound Real Option Approach for Determining the Optimal Investment Path for Residential PV-Storage Systems”, Benjamín Hassi, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2019.
• “Conditional Accountability as a De-biasing Method for Leniency in Performance Appraisals”, Felipe Carraha, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2019.
• “The Effect of CEO Overconfidence on Firm Performance along the Business Cycle”, Diamela Peña, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2019.
• “The Evolution of Overconfidence: A Growth Curve Modeling Study of Overestimation, Accuracy and Confidence”, Francisco Carrasco, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2018.
• “Attention-Driven Overreaction to Positive and Negative Earnings Surprises”, Diego Martínez, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2018.
• “The Dark Side of the Moon: The Effect of CEOs’ Overconfidence on Performance during Macroeconomic Recessions”, Joaquín Trucco, M.S. in Engineering, Pontificia Universidad Católica de Chile, Co-supervisor, 2017.
• “Properly Estimating Risk in Emerging Markets”, Antonie Katscher, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2017.
• “Jump! The Effect of Recessions on Competitive Positioning”, Marco Sepúlveda, Master of Engineering Sciences, Pontificia Universidad Católica de Chile, Co-supervisor, 2017.
• “Easy does it? The Effects of Perceived Difficulty on Overconfidence”, Victor Perez-Cotapos, Master of Engineering Sciences, Pontificia Universidad Católica de Chile, Co-supervisor, 2017.
• “Methodology for Evaluating the Value of Flexibility in Transmission Expansion Planning Projects from the View of a Social Planner”, Francisco Mariscal, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2017.
• “Saddled with Attention: The Case of Bankruptcy Filings”, Nicolás Waissbluth, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2016.
• “On the Use of Fuzzy Real Options Hybrid Simulation: Analysis and Interpretation”, Matias López-Estévez, M.S. in Engineering, Pontificia Universidad Católica de Chile, Co-supervisor, 2016.
• “Modeling and Predicting the Oil VIX: Internet Search Volume versus Traditional Economic Variables”, Ignacio Campos, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2016.
• “Leaders and Markets: National Leadership and Stock Market Performance”, Manuel Álvarez, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2016.
• “Political Uncertainty and Innovation: The Causal Effect of National Leaders on Patent Applications”, Nicolas Olivares, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2016.
• “The Impact of National Leaders’ Characteristics on International Trade”, Patricio Niculqueo, M.S. in Engineering, Pontificia Universidad Católica de Chile, 2016.
• “Creation of Business Area in Energy Equity Research”, Sebastián Mocarquer, Master in Industrial Engineering, Pontificia Universidad Católica de Chile, 2016.
• “Evaluating Real Estate Projects with Real Options”, Javier Paut, Master in Industrial Engineering, Pontificia Universidad Católica de Chile, 2015.
• “Implementation of the Balanced Scorecard in Modellagroup”, Francisco Moya, Master in Industrial Engineering, Pontificia Universidad Católica de Chile, 2014.
• “Academic Management System for the Faculty of Engineering and Science at the University Adolfo Ibáñez”, Cristián Blanchard, Master in Business Engineering, Universidad Adolfo Ibáñez, 2008.

Training of people, supervised undergraduate thesis:
• “Research, Analysis and Modeling Applied in the Study of Financial Engineering in Value Investing”, Andrés Holtheuer, Work of Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Supervisor, 2020.
• “Quant Model Recommendation of Buy and Sell of Actions of the Chilean Market”, Alberto Campos, Work of Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Supervisor, 2020.
• “Investment Analyst”, Ian Butelmann, Work of Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Supervisor, 2019.
• “Management, Analysis and Modeling Applied in the Study of Decision Making under the Influence of Recommendations”, Laura Barberis, Work of Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Supervisor, 2019.
• “Optimization of Portfolios and Assignation of Assets in Interest Rates”, Martin Andrade, Work of Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Supervisor, 2019.
• “Junior Analyst of Investments in AFP Capital”, Rodrigo Orpis, Work of Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Supervisor, 2019.
• “Master's Thesis: Strategic Risk Management”, Mikel Paskual, Double degree between the University of Navarra and UC, Co-supervisor, 2018.
• “Algorithmic Trading: A General Vision with an Example of Sectorial Cointegration in the Chilean Market”, Ignacio Castillo, Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, Co-supervisor, 2017.
• “Socially Responsible Investment: Major Characteristics, Profitability and Investors”, Lorena Moraga, Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, 2017.
• “National Leaders and their Personalities: Effects on the International Trade”, Roberto Zúñiga, Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, 2016.
• “Influence of the Personal Characteristics of the Heads of State in the Economic Performance of their Countries”, Felipe Soto, Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, 2015.
• “Improving Investment in Sales of an AFP”, Frederic Cartallier, Title of Civil Engineering of Industries, Pontificia Universidad Católica de Chile, 2015.
• “Final Project: Study of Massive Changes of Funds in Chilean’s Pension System: The Case of Felices y Forrados and Application of Behavioral Finance”, Iker Asolo, Double title between Universidad Politécnica de Madrid and UC, 2014.


Difusión y Transferencia


Professional activities with academic projection or impact, main consulting studies:
• “Affiliate Decision Analysis”, study commissioned by Penta Vida Compañia de Seguros de Vida SA, Project Manager, 2020.
• “Methodologies for the Valuation of Notes and Bonds”, study commissioned by Consorcio Financiero SA, Administradora General de Fondos Security S.A., Inmobiliaria Estrella del Sur Ltda, and Rentas ST Limitada, Project Manager, 2017 – 2018.
• “Methodologies for the Estimation of the Economic Damage of the Insignia and Global Funds”, study commissioned by Aurus Capital S.A. Administradora General de Fondos, Project Manager, 2017.
• “Meaning of Annualization and Methodologies for Annualization of Returns”, study commissioned by Penta Las Américas Administradora General de Fondos SA, Project Manager, 2016.
• “The SQM Control Group and the Degree of Independence of its Actions: Comparison with other IPSA Companies”, study commissioned by Itaú – Corpbanca, Co – author, 2016.


Premios y Distinciones

  •   Postgraduate Students Training Award

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2019

    Best supervisor of postgraduate students in the School of Engineering, Pontificia Universidad Católica de Chile.

  •   Best Paper Award

    Academy of International Business, Latin America Chapter

    Chile, 2018

    Awarded to the best paper of the Academy of International Business, Latin America Chapter.

  •   Best Teacher Award

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2018

    Awarded to the best teacher of the Master of Industrial Engineering, Pontificia Universidad Católica de Chile.

  •   Best Teacher Award

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2017

    Awarded to the best teacher of the Master of Industrial Engineering, Pontificia Universidad Católica de Chile.

  •   Best Paper Award

    Management Frontiers and Economic Issues Forum

    China, 2012

    Awarded to the best paper of the Management Frontiers and Economic Issues Forum, China.

  •   Award Marcos Orrego Puelma

    INSTITUTO DE INGENIEROS DE CHILE

    Chile, 2007

    Awarded each year to the best student and best companion among students graduated from the Engineering Schools of the Universidad de Chile, Católica de Chile, de Concepción, Federico Santa María, Santiago de Chile, Diego Portales and Católica de Valparaíso.

  •   Award for the Best Student Graduated from the School of Engineering

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2007

    Awarded each year to the best student graduated from the School of Engineering, Pontificia Universidad Católica de Chile.

  •   Award for the Best Student Graduated from the Department of Computer Science

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2007

    Awarded each year to the best student graduated from the Department of Computer Science, School of Engineering, Pontificia Universidad Católica de Chile.

  •   Matrícula de Honor

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2006

    Awarded each year to the best student of the School of Engineering, Pontificia Universidad Católica de Chile.

  •   Matrícula de Honor

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2005

    Awarded each year to the best student of the School of Engineering, Pontificia Universidad Católica de Chile.

  •   Matrícula de Honor

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2004

    Awarded each year to the best student of the School of Engineering, Pontificia Universidad Católica de Chile.

  •   Matrícula de Honor

    PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

    Chile, 2003

    Awarded each year to the best student of the School of Engineering, Pontificia Universidad Católica de Chile.


 

Article (13)

Does Overconfidence Pay Off When Things Go Well? CEO Overconfidence, Firm Performance, and the Business Cycle
Valuing flexibility in transmission expansion planning from the perspective of a social planner: A methodology and an application to the Chilean power system
Liability of Middleness Revisited: The Advantages for Mid-Sized Competitors in Renewable Natural Resource Industries
Negativity Bias in Attention Allocation=> Retail Investors' Reaction to Stock Returns
Political uncertainty and innovation: The relative effects of national leaders' education levels and regime systems on firm-level patent applications
Properly Estimating Risk in Emerging Markets=> A Comparison of Beta Adjustment Techniques
Limited attention and M&A announcements
Saddled with Attention=> Overreaction to Bankruptcy Filings
Using Internet Search Data to Measure Changes in Social Perceptions=> A Methodology and an Application
Modeling and predicting oil VIX=> Internet search volume versus traditional mariables
What is the value of the option to defer an investment in Transmission Expansion Planning? An estimation using Real Options
Co-located collaborative learning video game with single display groupware
Co-located collaborative learning video game with single display groupware

Proyecto (6)

BEHAVIORAL DECISION MAKING=> OVERCONFIDENCE, ESCALATION OF COMMITMENT, AND ADVICE TAKING
Laboratorio de Estudios y Análisis de I+D+i Empresarial
The Effect of Recessions on Supply-side Isolating Mechanisms along the Industry Life Cycle
Núcleo Milenio Research Center in Entrepreneurial Strategy Under Uncertainty
LIMITED ATTENTION AND M&A ANNOUNCEMENTS
COLLABORATIVE FACE TO FACE LEARNING GAMES FOR FIRST GRADERS TO ASSES THE COGNITIVE DIVIDE.
4
Tomás Reyes

Associate Professor

Industrial and Systems Engineering

Pontificia Universidad Católica de Chile

Santiago, Chile

2
Roberto Vassolo

Profesor

PONTIFICIA UNIVERSIDAD CATOLICA DE CHILE

Chile

1
Enzo Sauma

Profesor Titular

Industrial and Systems Engineering

Pontificia Universidad Católica de Chile

Santiago, Chile