David Adler

Senior Advisor to XA Investments on Economics

David Adler is a Senior Advisor to XA Investments on Economics. As an economic analyst and author, he focuses on illiquidity and behavioral economics. David is the author of the monograph, "The New Economics of Liquidity and Financial Frictions," published by the CFA Institute Research Foundation. Previously, he wrote the liquidity and asset-pricing literature review for the CFA Institute Research Foundation and was co-investigator of a research study of tax-aware practices among investment professionals. David is also the author of "Snap Judgment" (FT Press), which is about behavioral economics, and he is the co-editor of the anthology, "Understanding American Economic Decline" (Cambridge University Press).

David is a producer of the PBS NOVA documentary, "Mind Over Money," which is about behavioral economics, as well as the documentary "America's Crisis in Healthcare and Retirement," which was also shown on PBS. He also participated in related educational and outreach efforts.

He is the moderator of the Bloomberg LiveINSIGHTs conference series and author of related white papers. David has an MA and BA in Economics from Columbia where he received a graduate scholarship, graduated summa cum laude and was awarded Phi Beta Kappa in his junior year as one of the 10 highest-ranked undergraduates and highest-ranked economics major. David also studied graduate economics at New College, Oxford, on a scholarship sponsored by Columbia. He attended the Behavioral Economics Summer Institute ("behavioral summer camp") in Trento, Italy. David lives in New York.

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