• PhD. in Economics minor in Statistics Iowa State University, 2005, USA
  • Master of Economics, Iowa State University, 2001 USA
  • Master of Industrial Engineering minor in Economics, Iowa State University, 1999 USA
  • Bachelor in Electrical Engineering, Institut Teknologi Bandung, 1993 Indonesia
  • Scopus Researcher Author ID : 8913040300
  • On Google Scholar
Deddy Koesrindartoto is an Assistant Professor at the School of Business and Management, Institut Teknologi Bandung. (SBM ITB). He is an Economist by training, received a Ph.D. in Economics with a minor in Statistics, and an MSc. in Industrial Engineering, all from Iowa State University. He also earned a first degree in Electrical Engineering from ITB, Bandung. He was the former Director of Graduate Programs of Management Science in SBM ITB, oversees both Master and PhD Programs. Before that assignment, He served as Director of Institutional Development and Planning at SBM ITB. Currently Deddy is the Head of Capital Market and Investment Laboratory and the Head of Kresna – SBM ITB Financial Trading Center, School of Business and Management ITB.

Prior to joining SBM ITB in 2005, Deddy was a Research Fellow at the Center for Computational Finance and Economics Agents (CCFEA) at the University of Essex, UK. He spent three years working for energy services industries before pursuing graduate studies.

Corporate Finance, Investment Management, Capital Markets, Statistics for Business, Complex Adaptive Systems, Microeconomics, and Macroeconomics are among Deddy’s present and past teaching assignments. He consulted for World Bank, Ministry of Finance, BAPPENAS, Islamic Development Bank, Indonesia Antitrust and Competition Agency (KPPU), Australian Indonesia Partnertship for Economic Governance (AIPEG) , Indonesia National Counceel for Climate Change (DNPI) , Boston Consulting Group , and some other private companies.

Fields of Interest

Financial Economics, Behavioral Finance, Computational Finance, Market Design, Agent-based Modeling, Applied Microeconomics, Industrial Organization,, Banking Industry and Financial Stability, Operations Research, Carbon Market, Electricity Markets, ASEAN & International Trade

Current and Past Affiliations

  • Society for Experimental Finance
  • International Association of Quantitative Finance
  • Society for Computational Economics (SCE).
  • American Economic Association (AEA).
  • IEEE Power Engineering Society.
  • Institute for Operations Research and the Management Sciences (INFORMS)

Courses responsibilities :

Undergraduate Management Program

  • Statistic for Business
  • Microeconomics
  • Macroeconomics
  • Capital Market
  • Corporate Finance
  • Business Economics
  • Capital Market

Master of Business Adminsitration Program

  • Business Economics
  • Financial Management

Master of Science and Doctor of Science Programs

  • Advanced Economics
  • Behavioral Finance
  • Financial Modeling
  • Time Series Analysis
  • Portfolio Theory
  • Computational Finance
  • Review of Mangement Theory
  • Management Research Design
  • Complex Adaptive Systems

Journals Refereee

  • World Congress in Social Simulation 2008, WCSS’08
  • Computational Economics
  • Topical Workshop on Agent-Based Computational Modeling
  • IEEE Transactions on Evolutionary Computational
  • IEEE Transactions on Computational Intelligent and Artificial Intelligent
  • Bulletin of Monetary Economics and Banking – Indoesia Central Bank

Journal Boards

  • Journal Manajemen Teknologi, Institut Teknologi Bandung, Editorial Board
  • Business Review MBA ITB, Institut Teknologi Bandung Board of Experts

Academic and Research Awards

2017

  • 2017 ITB Teaching Award, March 2017

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  • Natiional Champion, CFA Research Challange 2017 will represent Indonesia in Regional Final at Bangkok, March 2017. One Proud Advisor

P_20170315_110334Screen Shot 2017-03-05 at 11.37.38 AM

  • SBM ITB Research Grant, with topics on The Effects of Network Structure to Financial Stability, February 2017
  • SBM ITB Research Grant, with topics on Sentiment as one of predictor of Value Changed in Re-Issue Policy : Using Big Data Analytics Approach , February 2017
  • SBM ITB Best Teaching Award, January 2017

P_20170106_170239_1Best_Teaching_activity_2017

  • SBM ITB Teaching Innovation Award for Master and Doctor of Science in Management course.

P_20170106_170140_1Teaching_Innovation_Award_2017

      2016

    • 2016 Emerald Literati Award – Highly Commended Paper, October 2016 , with R Aswin Rahadi, Sudarso K Wiryono, and Indra Syamwil

    DPK Literati AwardDPK Literati Award Certificate

    • Best Paper in Investment, Finance and Risk Management , International Conference on management and Emergiing Markets with Yohanna Karina, SBM ITB, Bali, August 2016

    ICMEM-5YK DPK best Paper ICMEM

    • Best Young Scholar Award, 3rd Sebelas Maret International Conferences on Business, Economics and Social Sciences with Yohanna Karina, FEB UNS, Solo August 2016

    11-Maret-Best-Paper-2YKDPK YK best Paper Solo 2016

    • Best paper in Finance , 2nd International Research Conferences on Business and Economics with Apri Rokhyadi, FEB UNDIP, Semarang, August 2016

    Apri Award AR DPK Award ICBRE UNDIP 2016

        • 2016 ITB Research Awards , Institut Teknologi Bandung, March 2016

    research Award DPK USP YS 2016P_20160915_094859_1

        • SBM ITB Research Grant, with topics on Development of Dynamic Portfolio , February 2016
        • SBM ITB Research Grant, with topics on Dynamic Banking Stress Testing Model , February 2016
        • LPPM ITB Research Grant with topics on Portfolio Development using Behavioral Finance Approach, January 2016

    2015

              • SBM ITB Research Grant, with topics on Behavioral Finance Research, May 2015
              • SBM ITB Research Grant, with topics on Sentiment Analysis on Policy Design , May 2015
              • 2015 ITB Innovation Awards , Institut Teknologi Bandung, March 2015

    P_20160915_094911_1

              • Student Scholarship Award, 24th USAEE/IAEE North American Conference, July 2004.
              • Graduate College Scholarship, Iowa State University, 1999-2005.
              • Travel grants, Department of Economics Iowa State University, Summer 2003, Summer 2004, and Fall 2004.
              • Travel grants, Graduate College Department, Iowa State University, Summer 2003 and Summer 2004.
              • Full Academic Scholarship (tuitions and stipends), World Bank Professional HRD Scholarship Award, to pursue graduate study in a Masters level at a US academic institution, 1997?1999.


    Published Journals and Proceedings

              • A Theoretical Model for Portfolio Optimization During Crisis, Colin Cheong Kiat Gan, Sudarso Kaderi Wiryono, Deddy Priatmodjo Koesrindartoto, Budhi Arta Surya, Journal Teknologi, Volume 78, No 6-5, Pages 95-102, 2016 (Scopus)
              • Identifying the Entrepreneurship Characteristics of the Oil Palm Community Plantation Farmers in the Riau Area, Brillian Asmit, Deddy P. Koesrindartoto, Gadjah Mada International Journal of Business , Vol 17. No. 3 September- Desember 2015, Pages 219-326 (Scopus)
              • Portfolio selection by contrarian strategy: Evidence in Indonesia , Pattipeilohy, M.L., , Koesrindartoto, D.P., Advanced Science Letters, Volume 21, Issue 6, June 2015, Pages 2109-2113 (Scopus)
              • Understanding the effects of indonesia credit card ownership limitation policy through customer perspective in online forum , Eneng, N.H., , Koesrindartoto, D.P., Advanced Science Letters, Volume 21, Issue 6, June 2015, Pages 1638-1642 (Scopus)
              • Comparison of the Property Practitioners and Consumer Preferences on Housing Prices in the Jakarta Metropolitan Region with Aswin Rahadi, Sudarso K. Wiryono, and Indra B. Syamwil, International Journal of Housing Markets and Analysis, Elsevier, 2015, Volume 8, Issue 3, 3 August 2015, Pages 335-358 (Scopus)
              • Improved Consumer Preferences Attributes Analysis for Housing Product Price in Indonesia, with Aswin Rahadi, Sudarso K. Wiryono, and Indra B. Syamwil, International Journal of Applied Business and Economic Research, February, 2015 (Scopus)
              • Factors influencing the price of housing in Indonesia , with Aswin Rahadi, Sudarso K. Wiryono, and Indra B. Syamwil, International Journal of Housing Markets and Analysis , Elsevier, 2015, Volume 8, Issue 2, 1 June 2015, Pages 169-188 (Scopus)
              • Institutional Investors Trading Strategy in Indonesia Government Bond Market During The 2008 Crisis, with Isabelle Arandhita, Asian Academy of Management Journal of Accounting and Finance, Vol; 10. No.1, pp. 19-39,2014(Scopus)
              • Market Reaction and Investors Behavior to Earnings Announcement: Evidence from Indonesia Stock Exchange, with Sandy Triadi, Proceeding of The International Conference on Managing the Asian Century, Springer, 2013
              • Attributes Influencing Housing Product Value and Price in Jakarta Metropolitan Region, Procedia – Social and Behavioral Sciences, Vo; 101 , Pp. 368?378, Elsevier 2013
              • An Analysis of Energy Prices and Economic Indicators Under the Uncertainties: Evidence from South East Asian Market, with Shunsuke Sato, Shunsuke Mori, Proceedings of the Institute of Industrial Engineers Asian Conference , pp 809-818, Springer 2013
              • Relationship Between Consumer Preferences and Value Propositions: A Study of Residential Product with R.A, Rahadi S.K. Wiryono, I. B. Syamwil, Procedia – Social and Behavioral Sciences, Vol. 50, Pp. 865?874, Elsevier 2012.
              • Interbank Lending Decisions in An Economic Downturn: An Agent-Based Approach, with Erdi Novanto, The Asian Journal of Technology Management. Vol.4 ,No. 1 , Juni 2011 (Copernicus) .
              • Indonesian Government Bond Stochastic Simulation, with Fernando Adventius, Management Technology. Vol 10 No 2, 2011.
              • Valuasi Perusahaan dari Perspektif Strategi Bisnis dan Manajemen Risiko ( Studi Kasus terhadap Industri Bisnis Properti ), with Friska Indriani Wibowo, Business Review. 2010
              • Analysis on indonesia strategic framework to face asean 5 in asean free trade area (AFTA) 2015, with Barli Suryanta, Management Technology. Vol 9 No 2, 2010.
              • Collectability Analysis for Small and Medium Enterprise- Bank Bukopin Case, with Mega Pratiwi, Asean Journal of Technology Management, Vol 3. No.1 2009.
              • A smart market for passenger road transport (SMPRT) congestion: An application of computational mechanism design, with Markose, S., Alentorn, A. Allen, P., Blythe, P., Grosso, S., Journal of Economic Dynamics and Control, 2007; 31 (6).
              • An Agent-Based Computational Laboratory for Testing the Economic Reliability of Wholesale Power Market Designs, with Leigh Tesfatsion and Junjie Sun, Proceedings, IEEE Power Engineering Society, 2005.
              • Testing the Reliability of FERC’s Wholesale Power Market Platform: An Agent-Based Computational Economics Approach, with Leigh Tesfatsion , Energy, Environment, and Economics in a New Era , United States Association of Energy Economics, Electronic Publication, Washington, D. C., pp. 1-10, July, 2004
              • Bidding Rules in Multi-Unit Double Auctions: An Agent-Based Computational Approach, Invited to be submitted for potential publication in the Journal of Economic Interaction and Co-ordination.
              • Testing the Reliability of FERC’s Wholesale Power Market Platform: An Agent-Based Computational Approach, with Leigh Tesfatsion , Project Report , September 2004.
              • A Discrete Double Auction with Artificial Adaptive Agents; A Case Study of an Electricity Market Using a Double Auction Simulator, Department of Economics Iowa State University, Economics Working Paper No. 02005, September 2002.


    2016 International Conferences

              • Faisal Ahmad Farossi and Deddy P. Koesrindartoto, Investors’ Bias on Complex Investment Fee Scheme, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Yohanna Karina and Deddy P. Koesrindartoto , Can pay-what-you-want model be applied in emerging market. An empirical study in Indonesia, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Auerelius Aaron, and Deddy P. Koesrindartoto , The Dynamics of Institutional Investors? Trading Strategy in Indonesia?s Government Bond Instrument, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Jane Noviana and Deddy P. Koesrindartoto, The Relation between Financial Education and Investment Decisions : Case of Indonesia?s Early Investors, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Wirata Adi Dharma and Deddy P. Koesrindartoto Reversal on Disposition Effect : Evidence on Indonesian Stock Trade Behavior, 1st International Conference on Management in Emerging Market, SBM ITB, 10-12 August 2016, Bali
              • Deddy P. Koesrindartoto and Faisal Ahmad Farossi The Impact of Deficit Financing to Indonesia Government Bond Yields, 2nd International Conference on Business and Economics, UNS Solo, 3-4 August 2016, Solo
              • Deddy P. Koesrindartoto and Wirata Adi Dharma, Does the institutional trading flow have an impact to the Indonesian Government bond market? 2nd International Conference on Business and Economics, UNS Solo, 3-4 August 2016, Solo
              • Deddy P. Koesrindartoto and Yohanna karina Bond?s Market Yield Volatility and Players? Behavior in Indonesia : The Effects of Asymmetric News and Spillover among Tenors, 2nd International Conference on Business and Economics, UNS Solo, 3-4 August 2016, Solo
              • Uly Grace Damanik and Deddy P. Koesrindartoto, DISC Style and Investment Decision Making Behavior, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Samuel Riko and Deddy P. Koesrindartoto, Empirical Evidence of Disposition Effects in Making Investment Decision : Case of Different Gender and Indonesia?s Ethnic Diversity, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Apri Rokhyadi and Deddy P. Koesrindartoto, The Gender Effects on Prospect Theory : A case of Indonesian Potential Investors, 2nd International Research Conference on Business and Economics, UNDIP, 3-4 August 2016, Semarang
              • Nia Ayu Anggreni and Deddy P. Koerindartoto , Financial Literacy Biases in Prospect Theory: Empirical Evidence on How Indonesians Making making Financial Decision, 2nd International Research Conference on Business and Economics, UNDIP, 3-4 August 2016, Semarang
              • Britney Tito and Deddy P. Koesrindartoto, Empirical Evidence of Behavioral Finance Bias in Making Investment Decisions : Case of Indonesia?s Investores with Different Experience Level, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali
              • Monika Sinaga and and Deddy P. Koesrindartoto , The Effect of Culture in Financial Decision: Empirical Evidence of Behavioral Finance Bias in Indonesia, 1st International Conference on Management in Emerging market, SBM ITB, 10-12 August 2016, Bali


    2015 International Conferences

              • Helga Pangemanan and Deddy P. Koesrindartoto , ” Indonesia Capital Market Behavior Using Sentiment Measurement in Stockbit Conversation “International Conference on Economics and Business Management (EBM-2015) July 29-30, 2015 Phuket (Thailand)
              • Celine Halim and Deddy P. Koesrindartoto, “The Use of Sentiment Analysis in Pre-IPO Market to Predict The Stock Performance in Post-IPO Market” International Conference on Economics and Business Management (EBM-2015) July 29-30, 2015 Phuket (Thailand)
              • Tiffany Iwantoro and Deddy P. KoesrindartotoIndonesian Exchange Rate Directional Forecasting using Sentiment Analysis on Social Media and Online News Information in 2014 “International Conference on Economics and Business Management (EBM-2015) July 29-30, 2015 Phuket (Thailand)
              • Carissa Mashinta and Deddy P. Koesrindartoto Sentiment Analysis of Consumer Goods and Mining Sectors Stock Market Performance based on Online News and Social Media Activities, “International Conference on Economics and Business Management (EBM-2015) July 29-30, 2015 Phuket (Thailand)
              • Yogi Yoswara and Deddy P. Koesrindartoto Investigating The Correlation of Social Media and Online News on Company Stock Performance for The Period of October 1st, 2014 to December 31st, 2014 in Indonesia?s Financial Sector and Infrastructure, Utility, and Transportation Sector, “International Conference on Economics and Business Management (EBM-2015) July 29-30, 2015 Phuket (Thailand)
              • Putri Amelia Dirgahayu and Deddy P. Koesrindartoto , Gossips, Bad News, and Good News? How It is Spread and How Long It is Sustain; Analysis of Twitter Conversation in Indonesia, International Conference on Business, Economics, legal Studies and Humanities, Kuala Lumpur July 2015
              • Dyah Retno Astarini and Deddy P. Koesrindartoto , ?Investigating the Best Technique of Social Media Sentiment for Forecasting Stock Return for Each Banking and Mining Sector, Kuala Lumpur International Business and Social Science Research Conference 2015
              • Kezia Vincy Renaldi and Deddy P. Koesrindartoto, Get some returns fthrough online news on Big Cap Market, “International Conference on Economics and Business Management (EBM-2015) July 29-30, 2015 Phuket (Thailand)
              • Dani Mustofa and Deddy P. Koesrindartoto , The Impact of Online Forum and Online News toward Sector Performance in Agriculture and Property Sectors in Indonesia:A Sentiment Analysis Approach , Kuala Lumpur International Business and Social Science Research Conference 2015


    2014 International Conferences

              • Ainia Putri and Deddy P. Koesrindartoto : “Sustainability Practices and Financial Performance : An Empirical Evidence from Indonesia” , International Conference on Trends in Economics, Humanities and Management, Pattaya, Thailand, August, 2014
              • Putri N. S. Dewi and Deddy P. Koesrindartoto: “The Link between Social, Environment, and Financial Performance of Companies in Indonesia “,International Conference on Trends in Economics, Humanities and Management, Pattaya, Thailand, August, 2014
              • Maria R. Samosir : “Ownership Structure , Presidential Election, and Company Performance : An Empirical Evidence in Indonesia Banking Industry”, International Conference on Trends in Economics, Humanities and Management, Pattaya, Thailand, August, 2014
              • Resti Ayuningtyas and Deddy P. Koesrindartoto : “The Relationship between Business Confidences ,Consumer Confidences and Indexes Return : an empirical evidence in Indonesia Stock Exchanges”, International Conference on Trends in Economics, Humanities and Management, Pattaya, Thailand, August, 2014
              • Steven Gunawan and Deddy P. Koesrindartoto : “Closing Price Manipulation in Indonesia Stock Exchange : An empirical Evidence during Financial Crisis 2008-2009″. 7th Asia-Pacific Business Research Conference, 25 – 26 August 2014, Singapore
              • Kevin Alvoti and Deddy P. Koesrindartoto: “Candle Stick Technical Trading Strategies in Indonesia Capital Market”, 7th Asia-Pacific Business Research Conference, 25 – 26 August 2014, Singapore


    2013 International Conferences

              • Rizka Amorini and Deddy P. Koesrindartoto :” Projecting the Government Policy Acceptance on Rupiah Currency Redomination by Using Social Media, Proceeding , International Conference on Management and Business Science, Malang. September, 2013
              • Carlina A. Novryanti and Deddy P. Koesrindartoto : ” Examining Correlation between Micro-blog Postings of Surat Utang Negara in Indonesia With Auction Results in 2012″ Proceeding, International Conference on Management and Business Science, Malang. September, 2013
              • Cut K. Intan and Deddy P. Koesrindartoto : ” Projecting the Dynamics of Stocks with Micro-Blogging Activity: Case of Media Citra Nusantara, Tbk (MNC) “, Proceeding, International Conference on Management and Business Science, Malang. September, 2013
              • Chesa D. Kusumayantie and Deddy P. Koesrindartoto : ” Unearthing the Ability of Social Media in Projecting Inflation Rate”, Proceeding , Proceeding, International Conference on Management and Business Science, Malang. September, 2013
              • M. Sandy Triadi and Deddy P. Koesrindartoto ; “Market Reaction and Investors Behavior to Earnings Announcement: Evidence from Indonesia Stock Market” Proceeding ICMAC 2013: International Conference on Managing the Asian Century , Singapore, August 2013
              • Bindarrani Mukhlifa and Deddy P. Koesrindartoto: “Twitter Projecting Power Towards Subscription Level of Indonesia Retail Bond 009 Demand” , Proceeding, Asian Media Information and Communication Centre Conference, Jogjakarta, August, 2013
              • Engeline Pratiwi and Deddy P. Koesrindartoto : “Projecting The Demand of Sukuk using Social Media” , Proceeding , Asian Media Information and Communication Centre Conference, Jogjakarta, August 2013
              • Nadyana F. Siswanto and Deddy P. Koesrindartoto : ” Investigating the Power of Micro-Blogging Activity in Understanding Stock Dynamics: Case of BUMI”, Proceeding, Asian Media Information and Communication Centre Conference, Jogjakarta, August, 2013
              • Nora Amelda Rizal and Deddy P. Koesrindartoto : ” investor Sentiment Measurement of Merger and Acquisition Companies in Indonesia “, Proceeding , International Conference on Economics and Social Sciences, Bangkok July 2013
              • Ratih Kurniasari and Deddy P. Koesrindartoto ” The Role of Superstition in Decision Making ” Proceeding, 6th International Conference of the Asian Academy of Applied Business (AAAB), May 2013
              • Ajeng Pangesti and Deddy P. Koesrindartoto: “An Examination of Herding Behavior: An Emipirical Study on Nine Sector Indeces of Indonesian Stock Market, Proceeding, 6th International Conference of the Asian Academy of Applied Business (AAAB), May 2013
              • Ashri P. Rahardi and Deddy P. Koesrindartoto: “The Investigation of Holiday Effects Toward Firm Size and Share Price Effect : Evidence From Indonesia Capital Market, Prooceding, 6th International Conference of the Asian Academy of Applied Business (AAAB), May 2013
              • Harry Susatyo and Deddy P. Koesrindartoto: ” The behavior of Bid-Ask Spread Around Earnings Announcements And Efficient Market Hypothesis (Case study: 10 stocks in LQ45), Proceeding, 6th International Conference of the Asian Academy of Applied Business (AAAB), May 2013


    2012 and Previous Year International Conferences

              • Strenghth Measure of Bid and Ask in Individual Stock: Intra-Day evidence from Unusal Market Activities (UMA) in Indonesia, with Felisca O. Surjoko, 13th Malaysia ? Indonesia Conference on Economics, Management, and Accounting, 2012
              • Finding Market Leaders among Institutional Investors : Case of Indonesia Government Bond Market, with Isabelle A. Gusidar, 13th Malaysia ? Indonesia Conference on Economics, Management, and Accounting, 2012
              • Price Impact of Block Trades and Price Behavior Surrounding Block Trades in Indonesia Capital Market (Stucy case of LQ 45) , with Rikki M. Yantriolatu, 13th Malaysia ? Indonesia Conference on Economics, Management, and Accounting, 2012
              • Do Large Price Changes Have Predictable Patterns? Emperical Evidence of LQ45 Stock Index, with Yudi Putra Agung, 13th Malaysia ? Indonesia Conference on Economics, Management, and Accounting, 2012
              • The effects of Interbank lending activities on Banking System Stability: an agent based approach, with Erdi Novanto, 1st International Conference on Financial Engineering and Risk Management, August 2011.
              • The Effects of Bankers’ Strategy on Systemic Risk in Banking Industry: An Agent Based Approach, with Erdi Novanto, 1st International Industrial Engineering and Service Science Conference, June 2011.
              • Government Bond Optimization : An Indonesian Case, with Fernando Adventius, 1st International Industrial Engineering and Service Science Conference, June 2011.
              • Stock Price Movement on the Indonesian Stock Exchange: Which Trades Caused It ?, with Sari Rahmayuni, 1st International Industrial Engineering and Service Science Conference, June 2011.
              • The Effects of Trade Location: The Case of Dual Listing Telkom in NYSE and JKSE, with Siti Arfiah Arifin, 1st International Industrial Engineering and Service Science Conference, June 2011.
              • The Evaluation of Early Warning Systems Models for Indonesia Economy 1996-2009, Koesrindartoto, D.P., Radyastuti D., The 27th International Pan-Pacific Conference, Bali, June 2010.
              • Indonesia Preparations Framework to face ASEAN Free Trade Area (AFTA) 2015 and ASEAN Economic Community (AEC) 2020 , Koesrindartoto, D.P., Suryanta. B., The 27th International Pan-Pacific Conference, Bali, June 2010.
              • Supporting Policy Proposal for Indonesian Government Bond Index, with Ahmad Danu Prasetyo, 14th Asia Pacific Management Conference, Makassar, November 2009.
              • In Search for a Fit Government Bond Index, with Ahmad Danu Prasetyo, 2009 International Conference of Business and Information, Kuala Lumpur, Malaysia, July 2009.
              • Stock Price Movements, Corporate Investments, and Aggregate Economic Variables: Indonesian Case, with Maharani Putri SW, International Pan Pacific Association Conference XXVI, ShenZen, China, 2009
              • Bidding Rules in Deregulated Day-Ahead Electricity Markets, 10th Annual Workshop on Economic Heterogeneous Interacting Agents, University of Essex, Colchester, United Kingdom, June 2005.
              • Testing the Reliability of FERC’s Wholesale Power Market Platform: An Agent-Based Computational Economics Approach, with Leigh Tesfatsion, 24th USAEE/IAEE North American Conference, Washington, D.C., July 2004.
              • Testing the Reliability of FERC’s Wholesale Power Market Platform: An Agent-Based Computational Economics Approach, with Leigh Tesfatsion, 2003
              • Treasury Auctions, Uniform or Discriminatory: An Agent-Based Approach, Ninth International Conference of Computing in Economics and Finance, Society for Computational Economics, University of Washington, Seattle, WA, 2003.
              • Bidding Rules and Capacity Withholding Strategy in Multi-Unit Sealed-Bid Double Auctions, Graduate Workshop on Computational Economic Modeling and Complexity, Santa Fe Institute, NM, July 2003.
              • Is Learning Irrelevant in a Double Auction Market?, Complex Adaptive Systems Workshop, Iowa State University, April 2003.
              • The Formation of Optimal Linear Contracts under Evolutionary Markets, Department of Economics, Iowa State University, December 2002.

    International Workshops

              • Invited Presenter, Unit Kerja Presiden Bidang Pengawasan dan Pengendalian Pembangunan UKP4. The International Workshop on Agent-Based Modelling and Simulation for Policy Development.
              • ITB Delegation of COP13 COP/MOP3 for United Nations Framework Convention on Climate Change (UNFCC), Bali 2007.
              • Invited participant, Workshop on Agent Based Modeling and Simulation, Institute of Mathematics and its Applications (IMA), University of Minnesota, Minneapolis, MN, November 2003.
              • Participant, Workshop on Computational Intelligence, International Symposium on Modern Computing, Department of Computer Science, Iowa State University, Ames, IA, October 2003.
              • Invited and Participant (among ten PhD students from all over the world), Graduate Workshop on Computational Economic Modeling and Complexity, Santa Fe Institute, NM, July 2003.
              • Sponsored participant, Eighth Annual POWER Research Conference on Electricity Industry Restructuring, UCEI, University of California Berkeley, CA, March 2003

    Roundtable Discussion

              • Invited Expert Speaker, Comission for the Supervision of Business Competition (KPPU), Topics : Vertical Restraint in Indonesia Automotive Industries, 2013
              • Invited Expert Speaker, Indonesia Central Bank, Dept. Monetary Management, Topics : Analysis of Institutional Investor Behavior in Financial Market : Case of Indonesia Bond Market, 2012
              • Invited Expert Speaker, Comission for the Supervision of Business Competition (KPPU), Topics : Identification of Regional Industrial Data Structure ,2012
              • Invited Expert Speaker, Comission for the Supervision of Business Competition (KPPU), Topics : Micro Financing Institution vs Bank, 2012
              • Invited Expert Speaker, Komisi Pengawas dan Persaingan Usaha Indonesia. Topics : Telecommunication Industry, Structure and Competition , 2012
              • Invited Expert Speaker, Komisi Pengawas dan Persaingan Usaha di Indonesia. Topics : Two Sided Market Theory and Empirical Condition in Indonesia Retail Market, 2011
              • Invited Expert Speaker, Indonesia Stock Exchange, Fixed Income Division. Topic: The Development of Indonesia Government Bond Index , 2009
              • Invited Presenter, Department of Management, Technology and Economic, ETH Zurich, Switzerland Topic : Market Design Experiments Using Computational Learning Agents,2005
              • Invited Presenter, Service Research Groups, IBM Research Center Almaden, San Jose, CA, USA. Topic : Market Design Experiments Using Computational Learning Agents,2005
              • Invited Presenter, Center for Energy, Environmental, and Economic system Analysis Decision and Information Sciences Division, Argonne National Laboratory, IL, USA, 2005

    National Workshops

              • Invited Presenter, Unit Kerja Presiden Bidang Pengawasan dan Pengendalian Pembangunan UKP4. The 2nd Workshop on System Modelling for Policy Development.
              • Invited Presenter, School of Pharmacy, Institut Teknologi Bandung, Topic :2010 Indonesian Economics Condition,2010
              • Invited Panelist, Kresna-SBMITB, Indonesia Economic Outlok 2011, 2010
              • Speaker, Research Methodology in Management. SBM ITB, 2006
              • Trainer, Stock Exchange Simulation, SBM ITB, 2006.
              • Participant, Excellence in University Education: An Applied Philosophy of Teaching, by Scott Paauw, SBM ITB, 2007.
              • Participant, Workshop Foreign Exchange and Stock Index On-Line Trading, MONEX SBM ITB, 2007.
              • Participant, Penulisan Artikel Populer, Harian Bisnis Indonesia- SSBM ITB, 2007.
              • Participant, Peran dan Pengembangan SPS untuk Percepatan ITB menuju Research University, SPS ITB, 2006
              • Participant, Workshop for Capital Market Laboratory, ITHO- SBM ITB, 2006.
              • Participant. Simulasi Bursa Saham 2006, XIMB-GK Securities, Bandung, 2006

    Experiences

                • 2015 – now : Academic Senate , SBM ITB, Institut Teknologi Bandung, both School and University Level
                • 2014 – now : Head of Capital Market and Investment Laboratory SBM ITB and Head of Kresna SBM ITB Financial Trading Center
                • 2011-2014: Director of Graduate Programs in Management Science, School of Business and Management Institut Teknologi Bandung
                • 2009-2011: Director of Institutional Development and Planning, School of Business and Management Institut Teknologi Bandung
                • 2009: Program Coordinator, Doctoral Degree, School of Business and Management, Institut Teknologi Bandung, Indonesia
                • 2008 – now : Financial Economist Consultant , Indonesia ministry of Finance
                • 2012 : Economist Consultant for World Bank and Indonesia National Committee on Climate Chage
                • 2011-2012: Financial Economist Consultant for Australian Indonesia Partnershipf for Economic Governance (AIPEG).
                • 2009-2010: Economist Consultant for Islamic Development Bank (IDB)
                • 2008: Financial Analyst Consultant for Angkasa Pura II, Jakarta Indonesia.
                • 2007 : Economist Consultant for World Bank, CSIRO , BAPPENAS
                • 2005 :Research Fellows, Center for Computational Finance and Economic Agents (CCFEA) , University Essex, United Kingdom
                • 2001-2005: Research Assistant, Department of Economics, Iowa State University, United States
                • 1999-2001:Teaching Assistant, Department f Economics, Iowa State University, United States
                • 1997-1999 : Research Assistant , Department of Industrial and Manufacturing System Engineering, Iowa State University, USA

    Academic and Professional Competitive Grants

                    • Financial Economist , Team Leader, Development of SBN Online, funded by The Ministry of Finance , 2017
                    • SBM ITB Research Grant, Principal Investigator, with topic on The Effects of Network Structure to Financial Stability, February 2017
                    • SBM ITB Research Grant, Principal Investigator, with topic on Sentiment as one of predictor of Value Changed in Re-Issue Policy : Using Big Data Analytics Approach , February 2017
                    • SBM ITB Research Grant, Principal Investigator, with topic on Development of Dynamic Portfolio , February 2016
                    • SBM ITB Research Grant, Principal Investigator, with topic on Dynamic Banking Stress Testing Model , February 2016
                    • LPPM ITB, Research Grant, Principal Investigator, with topic on Portfolio Development using Behavioral Finance Approach, January 2016
                    • Economist, White Paper on Indonesia Development Bank, Boston Consulting Group , October 2015
                    • SBM ITB Research Grant, Principal Investigator, with topics on Behavioral Finance Research, May 2015
                    • SBM ITB Research Grant, Principal Investigator, with topics on Sentiment Analysis on Policy Design , May 2015
                    • Financial Economist, Team Leader, Analysis the Liquidity of Indonesia Government Bond, funded by The Ministry of Finance , 2014
                    • Economist, Consultant Team Leader, Partnership of Market Readiness, Carbon Market, Indonesia National Committee on Climate Chage, funded by The World Bank, 2012
                    • Financial Economist, Team Leader, Development of Distribution Channel for Government Retail Bond, funded by The Australian Indonesian Partnership for Economic Governance AIPEG, 2011
                    • Financial Economist, Team Leader, The Study of Investor Behavior on Government Bond Instrument at Primary Market and Secondary Market, funded by The Ministry of Finance , 2010
                    • Financial Economist, Team Leader, Optimization of ORI Product : Structure and Distribution Methods, Research Project Funded by Ministry of Finance. 2009
                    • Economist, Finance Modeler, Developing Government Index Bond, Research project funded by Indonesia Ministry of Finance, 2008
                    • Economist, Finance Expert, ITBs Working Group on Enhancement of Global Carbon Sequestration From Indonesian Tropical Forest Project, Funded by The Islamic Development Bank , 2009-2010
                    • Economist, AgentBased Modeler, Analyzing Path to Sustainability in Indonesia, joint research project funded WorldBank, Bappenas, AusAID, and CSIRO, 2007-2008.
                    • Research Fellow at Center for Computational Finance and Economics Agents, University of Essex, United Kingdom, funding source: UK Foresight for Intelligent Infrastructure Systems. Assignments: Designed and developed a prototype artificial market platform for ?Smart Market Protocol for Road Transportation, Summer 2005.
                    • Research Assistant to Dr. Leigh Tesfatsion, funding source: Los Alamos National Laboratory. Assignments: Developed and implemented an agent-based computational market based on proposed FERCs wholesale power market design. Designed and conducted variety of computational experimentations and analyzed the results. Fall 2002 to Spring 2005.
                    • Research Assistant to Dr. Leigh Tesfatsion, funding source: National Science Foundation. Assignments: Developed and implemented a stylized computational electricity market, conducted computational experiments to test markets robustness under different agents learning behavior. Fall 2000 to Fall 2001.