Nicholas Mangee is Professor of Finance and Faculty Fellow of Scholar and Student Success in the Parker College of Business at Georgia Southern University. He is also a research associate for the Institute for New Economic Thinking (INET) program on Knightian Uncertainty Economics (KUE) for financial markets. Mangee has written a scholarly book, titled How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats (Cambridge University Press, 2021). He has delivered invited lectures on his book for industry symposia in London and New York City. He is published in the Journal of Behavioral Finance, the Journal of Risk and Financial Management, Journal of Economics and Finance, the SURE Journal, the Economics Journal, the Journal of Economic Methodology, and Economics Bulletin. His research focuses on testing the implications of macro-finance models based on KUE by investigating the relative roles and dynamics between historically novel events, market fundamentals, psychology, and social context in explaining instability in stock price fluctuations. In 2023, he received the J. Daniel Speight Research Award. In 2021, he received the M. Albert Burke Banking Endowment Research Award. In 2017, Mangee received the Outstanding Faculty Award. He earned his doctoral degree at the University of New Hampshire. He has also contributed over 50 columns on current economic and financial events to the Savannah Morning News city paper.
Nicholas Mangee
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Inflation Narratives and Their Consequences
On the reflexive relationship between inflation and inflation narratives
How This Regional Bank Mortgage Lender Crisis is Different
Every banking crisis has its own overarching narratives and coincidental streams of various sub-narratives that course through the marketplace day to day.
Introducing the Novelty-Narrative Hypothesis
A new view of stock market instability under Knightian uncertainty
Featuring this expert
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