The Oil Fund and active management: Follow the Tinbergen Rule!
Trond Døskeland: The Oil Fund's active return is positive, but it is small - NOK 170 billion since 1998, according to the analysis we have done for the Ministry of Finance.
Professor Trond M. Døskeland
- Trond.Doskeland@nhh.no
- Telephone
- +47 55 95 93 19
- Department
- Business and Management Science
- Centre
- NoCeT
- Office
- MS-426
- Expertise
- Behavioural economics Personal Economics Asset Management Household Finance Behavioural Finance
BIOGraphy
Trond M. Døskeland is a Professor at NHH. Døskeland has a Master of Science degree (siviløkonom HAE) from NHH and received his Dr. Oecon. (PhD) degree at NHH in 2007. His research interests include asset management, household finance, behavioral economics, responsible investments and risk management.
He has published in a variety of academic journals, including Journal of Finance, Management Science and Journal of Banking and Finance. He has written the household finance book “Personlig finans”. Døskeland is Director of the Board in the Financial Market Fund and Attending Deputy Director of the Board in The Government Pension Fund – Norway (Folketrygdfondet).
Selected publications
| Author(s) | Title | Publisher |
|---|---|---|
| Døskeland, Trond M.; Kværner, Jens Sørlie | Cancer and Portfolio Choice: Evidence from Norwegian Register Data | Review of Finance (56 pages); 2021 |
| Døskeland, Trond M.; Pedersen, Lars Jacob Tynes | Does Wealth Matter for Responsible Investment? Experimental Evidence on the Weighing of Financial and Moral Arguments | Business & Society; 2019 |
| Døskeland, Trond M.; Pedersen, Lars Jacob Tynes | Investing with Brain or Heart? A Field Experiment on Responsible Investment | Management science Volume 62 (6); page 1632 - 1644; 2016 |
| Døskeland, Trond M.; Hvide, Hans K. | Do Individual Investors Have Asymmetric Information Based on Work Experience? | Journal of Finance Volume 66 (3); page 1011 - 1041; 2011 |
| Døskeland, Trond M. | Investment Strategy of Sovereign Wealth Funds | Energy Systems; page 3 - 17; 2010 |
| Nordahl, Helge A.; Døskeland, Trond M. | Optimal pension insurance design | Journal of Banking & Finance Volume 32 (3); page 382 - 392; 2008 |
| Døskeland, Trond M.; Nordahl, Helge | Intergenerational Effects of Guaranteed Pension Contracts | The Geneva Risk and Insurance Review Volume 33 (1); page 19 - 46; 2008 |
| Døskeland, Trond M. | Strategic asset allocation for a country | Finanzmarkt und Portfolio Management Volume 21 (2); page 167 - 201; 2007 |
Discussion Papers
author pages
Research areas at the department
Main: Investments, Insurance and Household Finance
Secondary: Business Taxation
- Asset Managment
- Household Finance
- Behavioral Finance
Dissemination
Top publication by Døskeland and Kværner
The article "Cancer and Portfolio Choice: Evidence from Norwegian Register Data" has been published in Review of Finance.
Finance can solve the climate crisis
Trond M. Døskeland: Finance can solve the climate crisis, but may also make matters worse.
Oil money spending should be halved
Petter Bjerksund and Trond M. Døskeland: By keeping the spending of oil money on todays level, we deceive the next generation of a third of the legacy. Spending should almost be halved.
Promotion to full professors
Dirk Schindler and Trond M. Døskeland have been promoted to full professors at NHH.
The Personal Finance Expert
Meet Associate Professor Trond M. Døskeland - an expert on Personal Finance.
Investing with both our heads and our hearts
Do we listen to our heads or our hearts when investing? In an extensive field experiment involving 140,000 bank customers, two NHH researchers have investigated what motivates customers to invest in green funds.