Professor Nicholas Barberis
Yale School of Management
Below, you can find:
- [Contact information]
- [Curriculum vitae]
- [Research papers, by date]
- [Research papers, by topic]
- [Some recent talks]
Contact Information
[E-mail] nick.barberis AT yale.edu
[Regular mail]
Yale School of Management
135 Prospect Street, PO Box 208200
New Haven CT 06520-8200
[Courier mail]
Yale School of Management
135 Prospect Street
New Haven CT 06511
Curriculum Vitae
Research Papers (by date)
Working papers
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"A Model of Casino Gambling", Working paper, June 2008.
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"Realization Utility" (with Wei Xiong), February 2008.
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"Preferences with Frames: A New Utility Specification that Allows for the Framing of Risks" (with Ming Huang), June 2007.
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"What Drives the Disposition Effect? An Analysis of a Long-standing Preference-based Explanation" (with Wei Xiong), forthcoming in the Journal of Finance.
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"Stocks as Lotteries: The Implications of Probability Weighting for Security Prices" (with Ming Huang), forthcoming in the American Economic Review.
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"The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle" (with Ming Huang), Handbook of Investments: Equity Risk Premium, Rajnish Mehra ed., North Holland, Amsterdam, 2007. Slides are available here.
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"Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing" (with Ming Huang and Richard Thaler), American Economic Review 96, 1069-1090, September 2006.
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"Comovement" (with Andrei Shleifer and Jeffrey Wurgler), Journal of Financial Economics 75, 283-317, February 2005.
-
"A Survey of Behavioral Finance" (with Richard Thaler), in
the Handbook of the Economics of Finance, June 2003.
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"Style Investing" (with Andrei Shleifer), Journal of Financial Economics 68, 161-199, May 2003.
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"Mental Accounting, Loss Aversion, and Individual Stock Returns" (with Ming Huang), Journal of Finance 56, 1247-1292, August 2001.
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"Prospect Theory and Asset Prices" (with Ming Huang and Tano Santos), Quarterly Journal of Economics 116, 1-53, February 2001. Awarded the 2000
FAME Research Prize by the International Center for
Asset Management and Financial Engineering.
-
"Investing for the Long Run when Returns are Predictable", Journal of Finance 55, 225-264, February 2000. Awarded the 2000
Paul A. Samuelson Prize.
-
"A Model of Investor Sentiment" (with Andrei Shleifer and Robert Vishny), Journal of Financial Economics 49, 307-343, September 1998.
- "How Does Privatization Work? Evidence from the Russian shops" (with Maxim Boycko, Andrei Shleifer, and Natalia Tsukanova), Journal of Political Economy 104, 764-790, August 1996.
Research Papers (by topic)
Behavioral finance: Non-standard preferences
Prospect Theory: Loss Aversion and Narrow Framing
-
"Prospect Theory and Asset Prices" (with Ming Huang and Tano Santos), Quarterly Journal of Economics 116, 1-53, February 2001. Awarded the 2000
FAME Research Prize by the International Center for
Asset Management and Financial Engineering.
-
"Mental Accounting, Loss Aversion, and Individual Stock Returns" (with Ming Huang), Journal of Finance 56, 1247-1292, August 2001.
-
"Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing" (with Ming Huang and Richard Thaler), American Economic Review 96, 1069-1090, September 2006.
-
"The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle" (with Ming Huang), Handbook of Investments: Equity Risk Premium, Rajnish Mehra ed., North Holland, Amsterdam, 2007. Slides are available here.
-
"Preferences with Frames: A New Utility Specification that Allows for the Framing of Risks" (with Ming Huang), Working paper, June 2007.
-
"What Drives the Disposition Effect? An Analysis of a Long-standing Preference-based Explanation" (with Wei Xiong), forthcoming in the Journal of Finance.
-
"Stocks as Lotteries: The Implications of Probability Weighting for Security Prices" (with Ming Huang), forthcoming in the American Economic Review.
-
"A Model of Casino Gambling", Working paper, June 2008.
-
"Realization Utility" (with Wei Xiong), Working paper, February 2008.
Behavioral finance: Non-standard beliefs
-
"A Model of Investor Sentiment" (with Andrei Shleifer and Robert Vishny), Journal of Financial Economics 49, 307-343, September 1998.
Behavioral finance: Non-standard decision-making
Categorical thinking
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"Style Investing" (with Andrei Shleifer), Journal of Financial Economics 68, 161-199, May 2003.
-
"Comovement" (with Andrei Shleifer and Jeffrey Wurgler), Journal of Financial Economics 75, 283-317, February 2005.
Asset Allocation
-
"Investing for the Long Run when Returns are Predictable", Journal of Finance 55, 225-264, February 2000. Awarded the 2000
Paul A. Samuelson Prize.
Privatization
- "How Does Privatization Work? Evidence from the Russian shops" (with Maxim Boycko, Andrei Shleifer, and Natalia Tsukanova), Journal of Political Economy 104, 764-790, August 1996.
Surveys
-
"A Survey of Behavioral Finance" (with Richard Thaler), in
the Handbook of the Economics of Finance, June 2003.
Some Recent Talks
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"Kahneman and Tversky meet finance: What have we learned?" Invited talk at the Behavioral Decision Research in Management (BDRM) conference, Los Angeles, June 2006.
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"Prospect Theory Applications in Finance" Guest lecture in Jeremy Stein's PhD Behavioral Finance course at Harvard, April 2007.
