Behavioral Finance Research Material
Behavioral Finance Research Material
Agent-based computer models could anticipate future economic crisis. (n.d.). . Retrieved December 1, 2008, from http://www.physorg.com/news146852416.html
ALOK KUMAR. (2005, April). Who Gambles In The Stock Market? Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-04/kumar.pdf.
Amil Dasgupta, Andrea Prat, & Michela Verardo. (2006, January 17). The Price of Conformism. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-04/dasgupta-prat-verardo.pdf.
ANDREA FRAZZINI, & OWEN LAMONT. (2006, August 6). The earnings announcement premium and trading volume. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-11/frazzini.pdf.
Andrea Frazzini, & Owen A. Lamont. (2005, February 23). Dumb money: Mutual fund flows and the cross-section of stock returns. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-04/frazzini-lamont.pdf.
Anna Scherbina. (2004, March). Analyst Disagreement, Forecast Bias and Stock Returns. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/scherbina.pdf.
Behavioral economics - Wikipedia, the free encyclopedia. (n.d.). . Retrieved November 28, 2008, from http://en.wikipedia.org/wiki/Behavioral_economics.
Behavioural Finance. (n.d.). . Retrieved November 28, 2008, from http://www.behaviouralfinance.net/.
Behavioural Finance. (n.d.). . Retrieved December 11, 2008, from http://www.behaviouralfinance.net/.
Brad M. Barber, Yi-Tsung Lee, Yu-Jane Liu, & Terrance Odean. (2004, May). Do Individual Day Traders Make Money?
Evidence from Taiwan. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/barber-lee-liu-odean.pdf.
Daniel Dorn, & Gur Huberman. (2007, October 5). PreferredRisk Habitat of Individual Investors. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007-12/dorn.pdf.
David Hirshleifer, Kewei Hou, Siew Hong Teoh, & Yinglei Zhang. (2004, March). DO INVESTORS OVERVALUE FIRMS
WITH BLOATED BALANCE SHEETS? Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/hirshleifer-etal.pdf.
David Hirshleifer, Sonya Seongyeon Lim, & Siew Hong Teoh. (2006, October 25). Driven to Distraction:
Extraneous Events and Underreaction to Earnings News. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-11/hirshleifer.pdf.
EconPort - Handbook - Decision-Making Under Uncertainty - Prospect Theory. (n.d.). . Retrieved November 28, 2008, from http://www.econport.org/econport/request?page=man_ru_advanced_prospect.
Eugene F. Fama, & Kenneth R. French. (2004, May). Disagreement, Tastes, and Asset Prices. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/fama-french.pdf.
George Akerlof. (2006, November 15). The Missing Motivation in Macroeconomics. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007_03/akerlof.pdf.
George Korniotis, & Alok Kumar. (2007, November 12). Superior Information or a Psychological Bias? A Unified Framework with Cognitive Abilities Resolves Three Puzzles. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007-12/korniotis.pdf.
Gur Huberman, & Wei Jiang. (2004, September). Offering vs. Choice in 401(k) Plans: Equity Exposure and
Number of Funds. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/huberman-jiang.pdf.
Harrison Hong, & Jeremy C. Stein. (2003, September). Simple Forecasts and Paradigm Shifts. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/hong-stein.pdf.
Harrison Hong, & Jialin Yu. (2005, March). Gone Fishin’: Seasonality in
Speculative Trading and Asset Prices. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-04/hong-yu.pdf.
Harrison Hong, Jose Scheinkman, & Wei Xiong. (2005, December 21). Advisors and Asset Prices: A Model of the Origins of Bubbles. Princeton University. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-04/hong.pdf.
Harrison Hong, & Marcin Kacperczyk. (2005, November). The Price of Sin:
The Effects of Social Norms on Markets. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-11/hong.pdf.
Harrison Hong, & Marcin Kacperczyk. (2007, October). Competition and Bias. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007-12/hong.pdf.
Henrik Cronqvist, Angie Low, & Mattias Nilsson. (2007, January 3). Does Corporate Culture Matter for Firm Policies? Retrieved September 6, 2008, from
http://www.econ.yale.edu/~shiller/behfin/2007_03/cronqvist.pdf.
Hersh Shefrin. (n.d.). Hersh Shefrin. Retrieved November 28, 2008, from http://lsb.scu.edu/finance/faculty/Shefrin/Shefrin%20CV.pdf.
Inside the consumer mind: brain scans reveal choice mechanism. (n.d.). . Retrieved December 12, 2008, from http://www.physorg.com/news148224057.html.
Jay R. Ritter. (2002, August 31). Behavioral Finance. Retrieved November 27, 2008, from http://bear.cba.ufl.edu/ritter/work_papers/Behavioral_PACAP.pdf.
John Campbell, Jens Hilscher, & Jan Szilagyi. (2006, July). In Search of Distress Risk. National Bureau of Economic Research. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-11/campbell.pdf.
Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2), 263-291. Retrieved November 28, 2008, from http://www.jstor.org/stable/1914185.
Lauren Cohen, & Andrea Frazzini. (2006, January 30). Economic Links and Predictable Returns. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-04/cohen-frazzini.pdf.
Lauren Cohen, Karl B. Diether, & Christopher J. Malloy. (2005, March 23). Supply and Demand Shifts in the Shorting Market. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-04/cohen-diether-malloy.pdf.
Luigi Guiso, Paola Sapienza, & Luigi Zingales. (2005, September 19). TRUSTING THE STOCK MARKET. Retrieved September 6, 2008, from
http://www.econ.yale.edu/~shiller/behfin/2005-11/sapienza-zingales.pdf.
Malcolm Baker, & Jeffrey Wurgler. (2005, October 12). Government bonds and the cross-section of stock returns. Retrieved September 6, 2008, from
http://www.econ.yale.edu/~shiller/behfin/2005-11/wurgler-baker.pdf.
Malcolm Baker, Joshua Coval, & Jeremy C. Stein. (2004, August). Corporate Financing Decisions When Investors Take the Path of Least Resistance.
Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/baker-coval-stein.pdf.
Malcolm Baker, Robin Greenwood, & Jeffrey Wurgler. (2007, October 8). Catering Through Nominal Share Prices.
Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007-12/baker.pdf.
Malcolm Baker, Stefan Nagel, & Jeffrey Wurgler. (2006, March 3). The effect of dividents on consumption. Retrieved September 6, 2008,
from http://www.econ.yale.edu/~shiller/behfin/2006-04/baker-nagel.pdf.
Markus K. Brunnermeier, & Christian Julliardz. (2005, November 1). Money Illusion and Housing Frenzies. Retrieved September 6, 2008, from
http://www.econ.yale.edu/~shiller/behfin/2005-11/brunnermeier.pdf.
Massimo Massa, & Lei Zhang. (2006, November 11). Cosmetic Mergers: The Effect of Style Investing on the Market for Corporate Control.
Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-11/massa.pdf.
Matthew T. Billett, & Yiming Qian. (2005, October). Are Overconfident Managers Born or Made?
Evidence of Self-Attribution Bias from Frequent Acquirers. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-11/qian-billett.pdf.
Nicholas Barberis, & Ming Huang. (2004, September). Stocks as Lotteries: The Implications of Probability
Weighting for Security Prices. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/barberis-huang.pdf.
Nicholas Barberis, & Wei Xiong. (2006, February). What drives the disposition effect? An analysis of a long-standing preference-based explanation. Retrieved September 6, 2008,
from http://www.econ.yale.edu/~shiller/behfin/2006-04/barberis-xiong.pdf.
Nittai K. Bergman, & Dirk Jenter. (2004, September). Employee Sentiment and Stock Option Compensation. Retrieved September 6, 2008, from
http://www.econ.yale.edu/~shiller/behfin/2004-04-10/bergman-jenter.pdf.
Paul Tetlock. (2007, November). All the News That's Fit to Reprint: Do Investors React to Stale Information. Retrieved September 6, 2008, from
http://www.econ.yale.edu/~shiller/behfin/2007-12/tetlock.pdf.
Pedro Santa-Clara, & Alessio Saretto. (2004, November). Option Strategies: Good Deals and Margin Calls. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2005-04/santa- clara-saretto.pdf.
Philippe Bacchetta, Elmar Mertens, & Eric van Wincoop. (2006, August 28). Predicatibility in Financial Markets: What do Survey Expectations Tells Us? Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007-12/bacchetta.pdf.
Robert Chirinko, & Huntley Shaller. (2006, November 23). Fundamentals, Misvaluation, and Investment: The Real Story. Retrieved September 6, 2008,
from http://www.econ.yale.edu/~shiller/behfin/2007_03/schaller.pdf.
Robin Greenwood. (2004, March 25). Aggregate corporate liquidity and stock returns. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2004-04-10/greenwood.pdf.
Robin Greenwood, & Stefan Nagel. (2006, September 5). Inexperienced Investors and Bubbles. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2006-11/greenwood-nagel.pdf.
ScienceDirect - Pacific-Basin Finance Journal : Behavioral finance*1. (n.d.). . Retrieved November 27, 2008, from http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6VFF-49621S1-1& _user=10&_rdoc=1&_fmt=&_orig=search&_sort=d&view=c&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=8b06a4e01667cc10b35d166143096063.
Shefrin, H. (2000). Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing. Harvard Business School Press.
SHILLER, R. (n.d.). From Efficient Market Theory to Behavioral Finance.
Shleifer, A. (2002). Inefficient Markets: An Introduction to Behavioral Finance.
Shlomo Benartzi, Roni Michaely, Richard Thaler, & William Weld. (2006, December). The Nominal Price Puzzle. Retrieved September 6, 2008,
from http://www.econ.yale.edu/~shiller/behfin/2007_03/michaely.pdf.
Sociologists say fear of being unable to afford gifts may drive competitive shopping. (n.d.). . Retrieved December 1, 2008, from http://www.physorg.com/news147274202.html.
Statman, M. (1999). Behavioral Finance: Past Battles and Future Engagements. Financial Analysts Journal, 55(6), 18–27.
Sumit Agarwal, John Driscoll, Xavier Gabaix, & David Laibson. (2007, March 19). The Age of Reason: Financial Decisions Over the Lifecycle. Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007_03/gabaix.pdf.
Tal Fishman, Harrison Hong, & Jeffrey D. Kubik. (2006, October). Do Arbitrageurs Amplify Economic Shocks? Retrieved September 6, 2008,
from http://www.econ.yale.edu/~shiller/behfin/2006-11/fishman-hong.pdf.
Thaler, R. H. (n.d.). Advances in behavioral finance. Russell Sage Foundation.
Thaler, R. H., & Shefrin, H. M. (1981). An Economic Theory of Self-Control. The Journal of Political Economy, 89(2), 392.
Valentin Dimitrov, Prem Jain, & Sheri Tice. (2007, March 19). Sell on the News: Differences of Opinion and Returns around Earnings Announcements.
Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/2007_03/tice.pdf.
Workshop in Behavioral Finance - April 1, 2006. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - April 10, 2004. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - April 5, 2005. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - December 1, 2007. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - March 31, 2007. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - November 11, 2006. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - November 12, 2005. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.
Workshop in Behavioral Finance - October 16, 2004. (n.d.). . Retrieved September 6, 2008, from http://www.econ.yale.edu/~shiller/behfin/index.htm.