Publications

Finance and Economics

  1. “Episodic Liquidity Crises: Cooperative and Predatory Trading” (with Miguel Lobo and S. Viswanathan), Journal of Finance 62: 2235-2274, 2007.
    Nominated for the Smith-Breeden Prize for the best article published in the Journal of Finance, 2007
  2. “Work Ethic, Employment Contracts, and Firm Value” (with Simon Gervais), Journal of Finance 64: 785-821, 2009.
  3. “Strategic Price Complexity in Retail Financial Markets“, Journal of Financial Economics 91: 278-287, 2009.
  4. “A Welfare Analysis of Regulation in Relationship Banking Markets” (with Rafael Rob). Review of Finance 13: 369-400, 2009.
  5. “Public Trust, The Law, and Financial Investment” (with Florin Dorobantu and S. Viswanathan), Journal of Financial Economics, 92: 321-341, 2009.
    Lead Article in the Journal of Financial Economics Volume 92, Issue 3, 2009.
  6. “Fear and Loathing in Las Vegas: Evidence From Blackjack Tables” (with David Robinson). Judgement and Decision Making 4: 385-396, 2009.
  7. “Forced Liquidation of an Investment Portfolio“, The International Journal of Central Banking, December 2009: 173-176.
  8. “Optimal Portfolio Liquidation with Distress Risk” (with David Brown and Miguel Lobo). Management Science 56: 1997-2014, 2010.
  9. “Obfuscation, Learning, and the Evolution of Investor Sophistication” (with Gustavo Manso). Review of Financial Studies 24: 754-785, 2011.
    Winner of the 2009 Swiss Finance Institute Paper of the Year Award.
  10.  “Investment in Organizational Capital” (with Bhagwan Chowdry and Mark Garmaise). Journal of Financial Intermediation 21: 268-286, 2012.
  11.  “Financial Education and Timely Decision Support: Lessons from Junior Achievement” (with David Robinson). American Economic Review Papers and Proceedings 102: 305-308, 2012.
  12.  “What Does Financial Literacy Training Teach Us?” (with David Robinson). Journal of Economic Education 43: 235-247, 2012.
  13.  “Legal Protection in Retail Financial Markets” (with Simon Gervais). Review of Corporate Financial Studies 1: 68-108, 2012.
  14.  “Competition, Comparative Performance, and Market Transparency” (with Shaun Davies and Andrew Iannacone). American Economic Journal: Microeconomics 4: 202-237, 2012.
  15.  “Trading Complex Assets” (with Shimon Kogan and Richard Lowery). Journal of Finance 68: 1937-1960, 2013.
  16.  “Libertarian Paternalism, the Production of Knowledge, and Financial Decision-Making” (with Gustavo Manso and Simon Gervais). Review of Financial Studies 26: 2204-2228, 2013.
  17.  “Disagreement and Asset Prices” (with Francis Longstaff and Kyle Matoba). Journal of Financial Economics 114: 226-238, 2014. AQR Insight Award, Honorable Mention, 2013.
  18.  “Millennial-Style Learning: Search Intensity, Decision-Making, and Information-Sharing” (with Steven Spiller and Li Jiang). Management Science 64(7): 2973-3468, 2018.
  19.  “Asset Pricing with Disagreement and Uncertainty about the Length of Business Cycles” (with Daniel Andrei and Michael Hasler). Management Science 65(6): 2900-2923, 2019.
    Winner of the 2014 WRDS Best Paper Award, NFA.
  20.  “Search Fatigue” (with Florian Ederer). Review of Industrial Organization 54: 485-508, 2019.
  21.  “Generational Differences in Managing Personal Finance” (with Arna Olafsson and Michaela Pagel). American Economic Review: Papers and Proceedings 109: 54-59, 2019.
  22.  “Information Consumption and Asset Pricing” (with Azi Ben-Rephael, Zhi Da, and Ryan Israelsen). Journal of Finance 76: 357-394, 2021 .
    Winner of the 2018 CICF Best Paper Award.
  23.  “The Value of Social Status” (with Alex Butler, Alan Crane, and James Weston). Economics Letters 206: 109966, 2021.
  24.  “Mobile Apps and Financial Decision Making” (with Arna Olafsson and Michaela Pagel). Review of Finance 27: 977-996, 2023.
  25.  “Deputizing Financial Institutions to Fight Elder Abuse” (with Tarik Umar and Lydia Yi). Journal of Financial Economics 149: 557-577, 2023.
  26.  “An Experiment in Tight Monetary Policy: Revisiting the 1920-1921 Depression” (with William Mann).
    Forthcoming at Journal of Financial and Quantitative Analysis.
  27.  “Schumpeterian Competition for Market Share in a Lucas Economy” (with Daniel Andrei). Forthcoming at Journal of Economic Theory.
  28.  “Uncovering the Hidden Action Problem” (with Azi Ben-Rephael, Zhi Da, and Ryan Israelsen). Forthcoming at Journal of Finance.