SSRN Behavioral & Experimental Finance eJournal

1.

Integrity: Without it Nothing Works

Rotman Magazine: The Magazine of the Rotman School of Management, pp. 16-20, Fall 2009, Harvard Business School NOM Unit Working Paper No. 10-042, Barbados Group Working Paper No. 09-04, Simon School Working Paper No. FR 10-01

Number of pages: 6 Posted: 22 Nov 2009 Last Revised: 10 Jan 2017

Accepted Paper Series

Michael C. Jensen

SSRN

Downloads 30,059

2.

The Dishonesty of Honest People: A Theory of Self-Concept Maintenance

Journal of Marketing Research, Vol. 45, No. 6, pp. 633-644, 2008

Number of pages: 48 Posted: 12 Apr 2007 Last Revised: 08 Apr 2011

Accepted Paper Series

Nina Mazar, On Amir and Dan Ariely

University of Toronto - Joseph L. Rotman School of Management, University of California, San Diego (UCSD) - Rady School of Management and Duke University - Fuqua School of Business

Downloads 23,935

3.

Fact, Fiction and Momentum Investing

Journal of Portfolio Management, Fall 2014 (40th Anniversary Issue), Fama-Miller Working Paper

Number of pages: 26 Posted: 12 May 2014 Last Revised: 03 Oct 2014

Working Paper Series

Clifford S. Asness, Andrea Frazzini, Ronen Israel and Tobias J. Moskowitz

AQR Capital Management, LLC, AQR Capital Management, LLC, AQR Capital Management, LLC and Yale University, Yale SOM

Downloads 22,883

4.

The Golden Dilemma

Financial Analysts Journal, vol. 69, no. 4 (July/August 2013) 10-42.

Number of pages: 48 Posted: 06 Jun 2012 Last Revised: 28 Aug 2015

Accepted Paper Series

Claude B. Erb and Campbell R. Harvey

TR and Duke University - Fuqua School of Business

There are 2 versions of this paper

Downloads 22,000

5.

A Survey of Behavioral Finance

Number of pages: 77 Posted: 04 Oct 2002

Working Paper Series

Nicholas Barberis and Richard H. Thaler

Yale School of Management and University of Chicago - Booth School of Business

There are 2 versions of this paper

Downloads 21,401

6.

Luck Versus Skill in the Cross Section of Mutual Fund Returns

Tuck School of Business Working Paper No. 2009-56 , Chicago Booth School of Business Research Paper, Journal of Finance, Forthcoming

Number of pages: 43 Posted: 10 Mar 2009 Last Revised: 08 Feb 2010

Accepted Paper Series

Eugene F. Fama and Kenneth R. French

University of Chicago - Finance and Tuck School of Business at Dartmouth

Downloads 21,210

7.

Tesla: Anatomy of a Run-Up Value Creation or Investor Sentiment?

Number of pages: 46 Posted: 28 Apr 2014

Working Paper Series

Bradford Cornell and Aswath Damodaran

California Institute of Technology and New York University - Stern School of Business

Downloads 20,035

8.

Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis

Wake Forest Law Review, Vol. 45, p. 971, 2010, Arizona Legal Studies Discussion Paper No 09-35

Number of pages: 54 Posted: 27 Oct 2009 Last Revised: 09 May 2015

Working Paper Series

Brent T. White

University of Arizona - James E. Rogers College of Law

Downloads 19,413

9.

Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show

American Economic Review, Vol. 98, No. 1, pp. 38-71, March 2008

Number of pages: 50 Posted: 16 Dec 2004 Last Revised: 21 Feb 2012

Accepted Paper Series

Thierry Post, Martijn J. van den Assem, Guido Baltussen and Richard H. Thaler

Koc University - Graduate School of Business, VU University Amsterdam - Faculty of Economics and Business Administration, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of Chicago - Booth School of Business

Downloads 18,082

10.

The Worldwide Equity Premium: A Smaller Puzzle

Chapter 11 of R Mehra (Ed), Handbook of the Equity Risk Premium. Elsevier, 2008, pages 467–514, AFA 2008 New Orleans Meetings Paper; EFA 2006 Zurich Meetings Paper,

Number of pages: 41 Posted: 17 Mar 2006 Last Revised: 20 Mar 2016

Accepted Paper Series

Elroy Dimson, Paul Marsh and Mike Staunton

University of Cambridge - Judge Business School, London Business School - Institute of Finance and Accounting and London Business School - Institute of Finance and Accounting

Downloads 17,623

11.

Momentum

University Of Illinois Working Paper

Number of pages: 45 Posted: 05 Feb 2002

Working Paper Series

Narasimhan Jegadeesh and Sheridan Titman

Emory University - Department of Finance and University of Texas at Austin - Department of Finance

There are 3 versions of this paper

Downloads 16,305

12.

Social Mood, Stock Market Performance and U.S. Presidential Elections: A Socionomic Perspective on Voting Results

SAGE Open, 2012

Number of pages: 42 Posted: 19 Jan 2012 Last Revised: 06 Nov 2012

Accepted Paper Series

Robert R. Prechter Jr., Deepak Goel, Wayne D. Parker and Matt Lampert

Socionomics Institute, Socionomics Institute, Emory University School of Medicine and Socionomics Institute

Downloads 16,104

13.

Technical Analysis in Financial Markets

Number of pages: 322 Posted: 20 Jul 2004

Working Paper Series

Gerwin A. W. Griffioen

University of Amsterdam - Faculty of Economics and Business (FEB)

Downloads 15,469

14.

Asymmetric Information, Heterogeneity in Risk Perceptions and Insurance: An Explanation to a Puzzle

Number of pages: 27 Posted: 18 Nov 2008

Working Paper Series

Kostas Koufopoulos

University of Warwick - Finance Group

Downloads 15,118

15.

What is Behavioral Finance?

Business, Education & Technology Journal, Vol. 2, No. 2, pp. 1-9, Fall 2000

Number of pages: 9 Posted: 09 Mar 2001 Last Revised: 27 Nov 2008

Accepted Paper Series

Victor Ricciardi and Helen K. Simon

Goucher College - Department of Business Management and Florida International University (FIU) - Department of Finance

Downloads 14,892

16.

Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality -- Abridged (English Language Version)

Harvard Business School NOM Unit Working Paper No. 10-061, Barbados Group Working Paper No. 10-01, Simon School Working Paper No. 10-07

Number of pages: 41 Posted: 18 Feb 2010 Last Revised: 11 Feb 2016

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

There are 4 versions of this paper

Downloads 14,890

17.

From Efficient Market Theory to Behavioral Finance

Cowles Foundation Discussion Paper No. 1385

Number of pages: 44 Posted: 08 Nov 2002

Working Paper Series

Robert J. Shiller

Yale University - Cowles Foundation

Downloads 14,370

18.

What Happened to the Quants in August 2007?

Number of pages: 67 Posted: 21 Sep 2007 Last Revised: 17 Jan 2008

Working Paper Series

Amir Khandani and Andrew W. Lo

Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

There are 2 versions of this paper

Downloads 14,367

19.

Size Matters, If You Control Your Junk

Fama-Miller Working Paper

Number of pages: 59 Posted: 23 Jan 2015 Last Revised: 16 Apr 2015

Working Paper Series

Clifford S. Asness, Andrea Frazzini, Ronen Israel, Tobias J. Moskowitz and Lasse Heje Pedersen

AQR Capital Management, LLC, AQR Capital Management, LLC, AQR Capital Management, LLC, Yale University, Yale SOM and AQR Capital Management, LLC

There are 2 versions of this paper

Downloads 12,526

20.

Factor Investing

Columbia Business School Research Paper No. 13-42

Number of pages: 72 Posted: 11 Jun 2013

Working Paper Series

Andrew Ang

BlackRock, Inc

Downloads 12,330

21.

A New Model of Integrity: An Actionable Pathway to Trust, Productivity and Value (PDF File of Keynote Slides)

Barbados Group Working Paper No. 07-01, Harvard NOM Working Paper No. 07-01, 1st IESE Conference on "Humanizing the Firm and the Management Profession" Presentation

Number of pages: 61 Posted: 20 Sep 2008 Last Revised: 11 Dec 2012

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

Downloads 12,242

22.

Behavioral Corporate Finance

Journal of Applied Corporate Finance, Vol. 14, No. 3, Fall 2001

Number of pages: 17 Posted: 23 Oct 2001

Accepted Paper Series

Hersh Shefrin

Santa Clara University - Leavey School of Business

Downloads 11,552

23.

IPO Underpricing: A Survey

HANDBOOK IN CORPORATE FINANCE: EMPIRICAL CORPORATE FINANCE, B. Espen Eckbo, ed., Forthcoming

Number of pages: 76 Posted: 27 Oct 2004

Accepted Paper Series

Alexander Ljungqvist

New York University (NYU) - Department of Finance

Downloads 11,349

24.

Surprised by the Gambler's and Hot Hand Fallacies? A Truth in the Law of Small Numbers

IGIER Working Paper No. 552

Number of pages: 68 Posted: 07 Jul 2015 Last Revised: 16 Nov 2016

Working Paper Series

Joshua Benjamin Miller and Adam Sanjurjo

Bocconi University - Department of Decision Sciences and Universidad de Alicante - Departamento de Fundamentos del Análisis Económico

Downloads 11,113

25.

Quality Minus Junk

Number of pages: 80 Posted: 19 Aug 2013 Last Revised: 10 Jun 2017

Working Paper Series

Clifford S. Asness, Andrea Frazzini and Lasse Heje Pedersen

AQR Capital Management, LLC, AQR Capital Management, LLC and AQR Capital Management, LLC

Downloads 11,096

26.

Learning to Love Investment Bubbles: What if Sir Isaac Newton had been a Trendfollower?

Cambria – Quantitative Research, Issue 4, September 2011,

Number of pages: 11 Posted: 07 Sep 2011

Accepted Paper Series

Meb Faber

Cambria Investment Management

Downloads 10,928

27.

Reconciling Efficient Markets with Behavioral Finance: The Adaptive Markets Hypothesis

Journal of Investment Consulting, Forthcoming

Number of pages: 44 Posted: 25 May 2005

Accepted Paper Series

Andrew W. Lo

Massachusetts Institute of Technology (MIT) - Sloan School of Management

There are 2 versions of this paper

Downloads 10,772

28.

The Loser's Curse: Decision Making & Market Efficiency in the National Football League Draft

Number of pages: 35 Posted: 05 Apr 2005 Last Revised: 05 Sep 2012

Working Paper Series

Cade Massey and Richard H. Thaler

University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Downloads 10,659

29.

Value and Momentum Everywhere

AFA 2010 Atlanta Meetings Paper

Number of pages: 54 Posted: 20 Mar 2009

Working Paper Series

Clifford S. Asness, Tobias J. Moskowitz and Lasse Heje Pedersen

AQR Capital Management, LLC, Yale University, Yale SOM and AQR Capital Management, LLC

There are 2 versions of this paper

Downloads 10,649

30.

Case Closed

THE HANDBOOK OF PORTFOLIO CONSTRUCTION: CONTEMPORARY APPLICATIONS OF MARKOWITZ TECHNIQUES, John B. Guerard Jr., ed., Forthcoming

Number of pages: 27 Posted: 26 Nov 2008 Last Revised: 22 Apr 2009

Accepted Paper Series

Robert A. Haugen and Nardin L. Baker

Haugen Custom Financial Systems and SSIA

Downloads 10,551

31.

Institutional Investors and Stock Market Volatility

MIT Department of Economics Working Paper No. 03-30

Number of pages: 51 Posted: 11 Sep 2003 Last Revised: 01 Jun 2010

Accepted Paper Series

Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou and H. Eugene Stanley

Harvard University - Department of Economics, Boston University - Center for Polymer Studies, Boston University - Center for Polymer Studies and Boston University - Center for Polymer Studies

There are 2 versions of this paper

Downloads 9,903

32.

The Profitability of Technical Analysis: A Review

AgMAS Project Research Report No. 2004-04

Number of pages: 106 Posted: 15 Oct 2004

Working Paper Series

Cheol-Ho Park and Scott H. Irwin

Chungbuk National University and University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Downloads 9,781

33.

An Alternative Three-Factor Model

Number of pages: 32 Posted: 19 May 2010 Last Revised: 21 Jan 2014

Working Paper Series

Long Chen, Robert Novy-Marx and Lu Zhang

Cheung Kong Graduate School of Business, Simon Business School, University of Rochester and Ohio State University - Fisher College of Business

Downloads 9,768

34.

The Behavior of Individual Investors

Number of pages: 54 Posted: 27 Jun 2011 Last Revised: 06 Jan 2012

Working Paper Series

Brad M. Barber and Terrance Odean

University of California, Davis and University of California, Berkeley - Haas School of Business

Downloads 9,748

35.

The Halloween Indicator, 'Sell in May and Go Away': Another Puzzle

Number of pages: 34 Posted: 15 Apr 1998 Last Revised: 31 Oct 2009

Working Paper Series

Ben Jacobsen and Sven Bouman

Tilburg University - TIAS School for Business and Society and Saemor Capital

There are 2 versions of this paper

Downloads 9,491

36.

Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices

Journal of Financial Economics 101(3), 621-640, September 2011

Number of pages: 43 Posted: 19 Mar 2008 Last Revised: 19 Dec 2013

Accepted Paper Series

Alex Edmans

London Business School - Institute of Finance and Accounting

Downloads 9,452

37.

Do Stocks Outperform Treasury Bills?

Number of pages: 49 Posted: 19 Jan 2017 Last Revised: 18 Jul 2017

Working Paper Series

Hendrik Bessembinder

Arizona State University

Downloads 9,382

38.

The Long-Term Effects of Hedge Fund Activism

Harvard Law School John M. Olin Center Discussion Paper No. 802, Columbia Law Review, Vol. 115, 2015, pp. 1085-1156, Columbia Business School Research Paper No. 13-66

Number of pages: 77 Posted: 07 Aug 2013 Last Revised: 02 Jul 2015

Accepted Paper Series

Lucian A. Bebchuk, Alon Brav and Wei Jiang

Harvard Law School, Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics

There are 2 versions of this paper

Downloads 9,291

39.

Can Individual Investors Beat the Market?

HBS Finance Working Paper No. 04-025, Harvard NOM Working Paper No. 02-45

Number of pages: 39 Posted: 06 Jan 2003

Working Paper Series

Joshua D. Coval, David A. Hirshleifer and Tyler Shumway

Harvard Business School - Finance Unit, University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Downloads 9,185

40.

The Cost of Active Investing

Number of pages: 50 Posted: 16 Mar 2008 Last Revised: 12 Apr 2008

Working Paper Series

Kenneth R. French

Tuck School of Business at Dartmouth

Downloads 8,933

41.

Efficient Markets Hypothesis

THE NEW PALGRAVE: A DICTIONARY OF ECONOMICS, L. Blume, S. Durlauf, eds., 2nd Edition, Palgrave Macmillan Ltd., 2007

Number of pages: 28 Posted: 06 Jun 2007

Accepted Paper Series

Andrew W. Lo

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 8,716

42.

Low Risk Stocks Outperform within All Observable Markets of the World

Number of pages: 22 Posted: 10 May 2012 Last Revised: 15 Aug 2012

Working Paper Series

Nardin L. Baker and Robert A. Haugen

SSIA and Haugen Custom Financial Systems

Downloads 8,179

43.

Does Academic Research Destroy Stock Return Predictability?

Journal of Finance, Forthcoming

Number of pages: 48 Posted: 04 Oct 2012 Last Revised: 24 Feb 2016

Accepted Paper Series

R. David McLean and Jeffrey Pontiff

Georgetown University - Department of Finance and Boston College - Department of Finance

Downloads 8,122

44.

The Siren Song of Factor Timing

Journal of Portfolio Management, Vol. Special Issue, No. 1, 2016

Number of pages: 9 Posted: 18 Apr 2016 Last Revised: 23 Jun 2016

Working Paper Series

Clifford S. Asness

AQR Capital Management, LLC

Downloads 8,091

45.

Fact, Fiction, and Value Investing

Published in Journal of Portfolio Management, Fall 2015, Vol. 42, No. 1

Number of pages: 31 Posted: 05 Jul 2017 Last Revised: 07 Jul 2017

Accepted Paper Series

Clifford S. Asness, Andrea Frazzini, Ronen Israel and Tobias J. Moskowitz

AQR Capital Management, LLC, AQR Capital Management, LLC, AQR Capital Management, LLC and Yale University, Yale SOM

Downloads 8,008

46.

Dissecting Anomalies

CRSP Working Paper No. 610

Number of pages: 37 Posted: 26 Jun 2006

Working Paper Series

Eugene F. Fama and Kenneth R. French

University of Chicago - Finance and Tuck School of Business at Dartmouth

Downloads 7,903

47.

The Volatility Effect: Lower Risk Without Lower Return

Journal of Portfolio Management, pp. 102-113, Fall 2007, ERIM Report Series Reference No. ERS-2007-044-F&A

Number of pages: 23 Posted: 17 Apr 2007

Accepted Paper Series

David Blitz and Pim van Vliet

Robeco Asset Management - Quantitative Strategies and Robeco Asset Management - Quantitative Strategies

Downloads 7,775

48.

Risk Management Failures: What are They and When do They Happen?

Fisher College of Business Working Paper No. 2008-03-017, Charles A. Dice Center Working Paper No. 2008-18

Number of pages: 25 Posted: 06 Oct 2008

Working Paper Series

René M. Stulz

Ohio State University (OSU) - Department of Finance

There are 2 versions of this paper

Downloads 7,671

49.

Behavioral Finance: An Introduction

Number of pages: 43 Posted: 18 Oct 2009 Last Revised: 16 Dec 2011

Working Paper Series

Guido Baltussen

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

Downloads 7,593

50.

Investor Psychology and Asset Pricing

AFA 2001 New Orleans Meetings

Number of pages: 92 Posted: 28 Mar 2001

Working Paper Series

David A. Hirshleifer

University of California, Irvine - Paul Merage School of Business

There are 2 versions of this paper

Downloads 7,553

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