Michael Ungeheuer

Aalto University

Associate Professor

P.O. Box 21210

Helsinki, 00101

Finland

http://sites.google.com/site/ungeheuermichael/

SCHOLARLY PAPERS

11

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Top 13,009

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65

Scholarly Papers (11)

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1.

Daily Winners and Losers

Number of pages: 134 Posted: 14 Mar 2017 Last Revised: 23 Apr 2021
Alok Kumar, Stefan Ruenzi and Michael Ungeheuer
University of Miami - Miami Herbert Business School, University of Mannheim - Department of International Finance and Aalto University
Downloads 2,114 (15,033)
Citation 11

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Salient stock returns, investor attention, idiosyncratic volatility puzzle, retail investors.

2.

The Value of Visibility

Number of pages: 94 Posted: 12 Nov 2015 Last Revised: 28 Dec 2021
Alexander Hillert and Michael Ungeheuer
Goethe University Frankfurt - Department of Finance and Aalto University
Downloads 1,526 (24,970)
Citation 6

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Media Coverage, Visibility, Returns, Corporate Governance, Profitability

3.

Advertising, Attention, and Financial Markets

Review of Financial Studies, Forthcoming
Number of pages: 137 Posted: 02 Jan 2015 Last Revised: 31 Mar 2022
Florens Focke, Stefan Ruenzi and Michael Ungeheuer
University of Mannheim - Department of International Finance, University of Mannheim - Department of International Finance and Aalto University
Downloads 1,097 (40,473)
Citation 25

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Advertising, Investor Attention, Wikipedia, Turnover, Liquidity, Returns

4.

A Cognitive Foundation for Perceiving Uncertainty

Downloads 1,033 (44,180)

A Cognitive Foundation for Perceiving Uncertainty

Number of pages: 128 Posted: 13 Feb 2024 Last Revised: 01 Apr 2024
J. Aislinn Bohren, Josh Hascher, Alex Imas, Michael Ungeheuer and Martin Weber
University of Pennsylvania, Yale University, School of Management, Students, University of Chicago - Booth School of Business, Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 964 (48,062)

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Choice Under Risk, Prospect Theory, Salience and Regret Theory, Description-Experience Gap, Attention, Salience, Memory

A Cognitive Foundation for Perceiving Uncertainty

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2024-19
Number of pages: 95 Posted: 21 Feb 2024
J. Aislinn Bohren, Josh Hascher, Alex Imas, Michael Ungeheuer and Martin Weber
University of Pennsylvania, Yale University, School of Management, Students, University of Chicago - Booth School of Business, Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 57 (733,565)

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A Cognitive Foundation for Perceiving Uncertainty

NBER Working Paper No. w32149
Number of pages: 94 Posted: 20 Feb 2024
J. Aislinn Bohren, Josh Hascher, Alex Imas, Michael Ungeheuer and Martin Weber
University of Pennsylvania, Yale University, School of Management, Students, University of Chicago - Booth School of Business, Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 12 (1,147,267)
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5.

The Perception of Dependence, Investment Decisions, and Stock Prices

Downloads 1,032 (44,180)
Citation 7

The Perception of Dependence, Investment Decisions, and Stock Prices

Journal of Finance, Forthcoming
Number of pages: 107 Posted: 29 Feb 2016 Last Revised: 31 Mar 2022
Michael Ungeheuer and Martin Weber
Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 1,028 (43,751)
Citation 7

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Dependence, Investment Decisions, Diversification, Correlation Neglect, Tail Risk, Asset Pricing

The Perception of Dependence, Investment Decisions, and Stock Prices

CEPR Discussion Paper No. DP11585
Number of pages: 82 Posted: 24 Oct 2016
Michael Ungeheuer and Martin Weber
Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 3 (1,263,134)
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Asset Pricing, Biased Beliefs, Correlation Neglect, Dependence, Diversification, Investment Decisions

The Perception of Dependence and Investment Decisions

CEPR Discussion Paper No. DP11188
Number of pages: 67 Posted: 18 Apr 2016
Michael Ungeheuer and Martin Weber
Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 1 (1,289,905)
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Biased Beliefs, Correlation Neglect, Dependence, Diversification, Investment Decisions, Risk Taking

6.

Information, Trade, and Salient Returns

Number of pages: 128 Posted: 14 Mar 2017 Last Revised: 27 May 2020
Fabian Brunner and Michael Ungeheuer
University of Mannheim - Department of Finance and Aalto University
Downloads 955 (49,255)
Citation 4

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Salience, information placement, returns, information acquisition, trading activity, mispricing

7.

Joint Extreme Events in Equity Returns and Liquidity and their Cross-Sectional Pricing Implications

Journal of Banking and Finance, Forthcoming
Number of pages: 89 Posted: 01 Apr 2013 Last Revised: 31 Mar 2022
Stefan Ruenzi, Michael Ungeheuer and Florian Weigert
University of Mannheim - Department of International Finance, Aalto University and University of Neuchatel - Institute of Financial Analysis
Downloads 929 (51,125)
Citation 9

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Asset Pricing, Crash Aversion, Downside Risk, Liquidity Risk, Tail Risk

8.

Growth Expectations out of WACC

Number of pages: 81 Posted: 29 Jun 2020 Last Revised: 24 Nov 2021
Petri Jylha and Michael Ungeheuer
Aalto University and Aalto University
Downloads 640 (83,566)
Citation 1

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Analysts, Growth expectations, CAPM, Cost of Capital

9.

How to Alleviate Correlation Neglect in Investment Decisions

Downloads 613 (88,274)
Citation 2

How to Alleviate Correlation Neglect in Investment Decisions

Management Science, Forthcoming
Number of pages: 49 Posted: 14 Dec 2017 Last Revised: 01 Apr 2022
Christine Laudenbach, Michael Ungeheuer and Martin Weber
SAFE and Goethe University, Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 612 (87,335)
Citation 2

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Investment Decisions, Diversification, Correlation Neglect, Risk Taking, FinTech.

How to Alleviate Correlation Neglect

CEPR Discussion Paper No. DP13737
Number of pages: 99 Posted: 22 May 2019
Christine Laudenbach, Michael Ungeheuer and Martin Weber
SAFE and Goethe University, Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 1 (1,289,905)
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Correlation Neglect, Diversification, Fintech, Investment Decisions, Risk Taking

10.

Beliefs about Beta: Upside Participation and Downside Protection

Number of pages: 106 Posted: 01 Mar 2021 Last Revised: 19 Jul 2022
Christoph Merkle and Michael Ungeheuer
Aarhus University and Aalto University
Downloads 380 (156,784)

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Return expectations, risk expectations, beta, diversification, overconfidence

11.

The Frequency of Outperformance and Investment Decisions

Number of pages: 88 Posted: 14 Mar 2023
Michael Ungeheuer and Martin Weber
Aalto University and University of Mannheim - Department of Banking and Finance
Downloads 324 (186,436)

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Investment Decisions, Regret Theory, Salience Theory, Biased Beliefs, Risk Taking.