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- Publications
- Influence
A Model of Investor Sentiment
- N. Barberis, A. Shleifer, Robert W. Vishny
- Philosophy, Economics
- 1 February 1997
Recent empirical research in finance has uncovered two families of pervasive regularities: underreaction of stock prices to news such as earnings announcements; and overreaction of stock prices to a… Expand
Investing for the Long Run When Returns are Predictable
- N. Barberis
- Economics
- 4 January 2000
We examine how the evidence of predictability in asset returns affects optimal portfolio choice for investors with long horizons. Particular attention is paid to estimation risk, or uncertainty about… Expand
A Survey of Behavioral Finance
- N. Barberis, R. Thaler
- Economics
- 1 September 2002
Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two building blocks: limits to arbitrage,… Expand
Prospect Theory and Asset Prices
- N. Barberis, M. Huang, T. Santos
- Economics
- 1 February 2001
We study asset prices in an economy where investors derive direct utility not only from consumption but also from fluctuations in the value of their financial wealth. They are loss averse over these… Expand
Style Investing
- N. Barberis, A. Shleifer
- 1 December 2000
We study asset prices in an economy where some investors classify risky assets into different styles and move funds back and forth between these styles depending on their relative performance. Our… Expand
Thirty Years of Prospect Theory in Economics: A Review and Assessment
- N. Barberis
- 1 December 2012
Prospect theory, first described in a 1979 paper by Daniel Kahneman and Amos Tversky, is widely viewed as the best available description of how people evaluate risk in experimental settings. While… Expand
Mental Accounting, Loss Aversion, and Individual Stock Returns
- N. Barberis, M. Huang
- Economics
- 1 March 2001
We study equilibrium firm-level stock returns in two economies: one in which investors are loss averse over the fluctuations of their stock portfolio and another in which they are loss averse over… Expand
Stocks as Lotteries: The Implications of Probability Weighting for Security Prices
- N. Barberis, M. Huang
- Computer Science
- 1 February 2007
TLDR
What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation
- N. Barberis, Wei Xiong
- Economics
- 1 June 2006
One of the most striking portfolio puzzles is the %u201Cdisposition effect%u201D: the tendency of individuals to sell stocks in their portfolios that have risen in value since purchase, rather than… Expand
Behavioral Finance
- D. Hirshleifer, N. Barberis, +9 authors Wei Xiong
- 2014
When citing this paper, please use the following: Hirshleifer D, 2014. Title. Annu. Rev. Econ. 7,: Submitted. Doi: 10.1146/annurev-financial-092214-043752
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