Bruce Edward Stangle is an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

who served as the

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

(CEO) of

Analysis Group Analysis Group, Inc. (AG), founded in 1981 by economists Bruce E. Stangle and Michael F. Koehn, is an economic consulting firm based in North America. It provides economic, financial, and strategic analysis and expert testimony to law firms, cor ...

from 1981 to 2004. He and Michael F. Koehn co-founded the management consultancy in 1981 in

Boston, Massachusetts Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

. After stepping down as chief executive Stangle continued to lead Analysis Group as chairman until 2016. He began his career as a senior economist for

Arthur D. Little Arthur D. Little is an international management consulting firm originally headquartered in Boston, Massachusetts, United States, founded in 1886 and formally incorporated in 1909 by Arthur Dehon Little, an MIT chemist who extended the applicatio ...

from 1978 to 1980.

Education

Stangle graduated from

Bates College Bates College () is a Private college, private Liberal arts colleges in the United States, liberal arts college in Lewiston, Maine. Anchored by the Historic Quad, the campus of Bates totals with a small urban campus which includes 33 Victorian ...

in 1970 with a B.A. in English. He went on to attend the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

(MIT)'s graduate

Sloan School of Management The MIT Sloan School of Management (branded as MIT Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs ...

, where he received an S.M. in management in 1974 and a Ph.D. in

applied economics Applied economics is the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the ''core''), it is typically characterized by the application of the ''core'', i.e ...

in 1978. His doctoral dissertation, ''Price Determination in the Markets for Beef'', was advised by MIT professors M.A. Adelman, Paul Joskow, and

Lester Thurow Lester Carl Thurow (May 7, 1938 – March 25, 2016) was an American political economist, former dean of the MIT Sloan School of Management, and author of books on economic topics. Education Born in Livingston, Montana, Thurow received his B.A. ...

Career

After graduating from business school, Stangle joined management consulting firm

as a senior economist in

until 1980. Stangle and Michael F. Koehn co-founded

in 1981 as an economic consulting firm focused on litigation and

expert testimony An expert witness, particularly in common law countries such as the United Kingdom, Australia, and the United States, is a person whose opinion by virtue of education, training, certification, skills or experience, is accepted by the judge as ...

. Stangle served as the first chief executive of the firm from its founding to 2004. He continued to lead Analysis Group as chairman of its board of directors until 2016. He serves as an expert witness in litigation cases on class certification, market definition, entry conditions, competitive effects, ERISA, and damages. Outside of his consulting work, Stangle has served on several boards of directors, written journal articles and been a guest lecturer on antitrust damages. He has been an outside director of Wellington Trust Company, N.A. since 2001. In the summer of 2005, he co-authored an article on

behavioral finance Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economi ...

and the

efficient market hypothesis The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis ...

with economists

Burton Malkiel Burton Gordon Malkiel (born August 28, 1932) is an American economist, financial executive, and writer most noted for his classic finance book ''A Random Walk Down Wall Street'' (first published 1973, in its 13th edition as of 2023). Malkiel i ...

and

Sendhil Mullainathan Sendhil Mullainathan () (born c. 1973) is an American professor of economics at the Massachusetts Institute of Technology. He was a professor of Computation and Behavioral Science at the University of Chicago Booth School of Business from 2018- ...

for the ''

Journal of Applied Corporate Finance The ''Journal of Applied Corporate Finance'' is a quarterly academic journal covering research in corporate finance, including risk management, corporate strategy, corporate governance, and capital structure. It also features roundtable discussion ...

.'' In the Fall of 2020, Stangle co-authored an article in the Journal of Retirement on the financial performance of municipal pension systems in Massachusetts.

Personal life

Stangle is married to Emily Siegel Stangle and they have four children. He served as a trustee for Bates from 1998 to 2012, and has, since then, served as trustee ''

emeritus ''Emeritus/Emerita'' () is an honorary title granted to someone who retires from a position of distinction, most commonly an academic faculty position, but is allowed to continue using the previous title, as in "professor emeritus". In some c ...

''. Over his fourteen years as trustee, Stangle endowed an economics and law fund, a professorship in applied economics in honor of his mother, and a residential lounge named for his father. At the end of tenure as trustee, the college established the "Stangle Award" for alumni who contribute to professional development of Bates graduates. From 1994 until 1998, Stangle was a member of the Board of Directors of the Massachusetts Technology Development Corporation (now MassVentures). He also served as a member of the Visiting Committee of the Economics Department at the

from 2002 through 2008.

Publications

* Stangle, Bruce E.; Heavner, D. Lee; Lu, Yao; Iselin, Alex; Singh, Priyanka. Fall 2020.
State vs. Local Management of Pension Assets: Effects of the Massachusetts Chapter 68 Public Pension Reform
. ''Journal of Retirement''. * Stangle, Bruce E.; Drum, John; Starfield, Richard. June 2018.

. ''

Journal of Accountancy The American Institute of Certified Public Accountants (AICPA) is the national professional organization of Certified Public Accountants (CPAs) in the United States, with more than 428,000 members in 130 countries. Founded in 1887 as the America ...

''. * Stangle, Bruce E.; Malkiel, Burton; Mullainathan, Sendhil. 2005.
Market Efficiency Versus Behavioral Finance
. ''

''; 17(3):74-84

References

External links