Lawrence J. Jin

SC Johnson College of Business, Cornell University

Associate Professor of Finance

310E Warren Hall

Ithaca, NY 14850

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

14

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6,383

SSRN CITATIONS
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SSRN RANKINGS

Top 2,453

in Total Papers Citations

559

CROSSREF CITATIONS

135

Scholarly Papers (14)

1.
Downloads 2,030 (14,361)
Citation 39

Prospect Theory and Stock Market Anomalies

10th Miami Behavioral Finance Conference
Number of pages: 83 Posted: 08 Nov 2019 Last Revised: 17 Dec 2020
National Bureau of Economic Research (NBER)Yale School of Management, SC Johnson College of Business, Cornell University and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,920 (15,396)
Citation 6

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prospect theory, loss aversion, probability weighting, cross-section

Prospect Theory and Stock Market Anomalies

NBER Working Paper No. w27155
Number of pages: 84 Posted: 18 May 2020 Last Revised: 13 Mar 2023
National Bureau of Economic Research (NBER)Yale School of Management, SC Johnson College of Business, Cornell University and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 110 (442,527)
Citation 33

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2.

Extrapolative Beliefs in the Cross-Section: What Can We Learn from the Crowds?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 58 Posted: 22 Mar 2018 Last Revised: 08 Sep 2020
Zhi Da, Xing Huang and Lawrence J. Jin
University of Notre Dame - Mendoza College of Business, Washington University in St. Louis - Olin Business School and SC Johnson College of Business, Cornell University
Downloads 825 (53,989)
Citation 15

Abstract:

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return extrapolation; beliefs in the cross-section; expectation formation

3.

Asset Pricing with Return Extrapolation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 65 Posted: 01 Oct 2017 Last Revised: 22 Nov 2021
Lawrence J. Jin and Pengfei Sui
SC Johnson College of Business, Cornell University and The Chinese University of Hong Kong, Shenzhen
Downloads 590 (83,282)
Citation 46

Abstract:

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expectations, extrapolation, asset prices

4.

Efficient Coding and Risky Choice

Quarterly Journal of Economics, Forthcoming
Number of pages: 74 Posted: 05 Nov 2018 Last Revised: 03 Aug 2021
Cary Frydman and Lawrence J. Jin
University of Southern California - Marshall School of Business and SC Johnson College of Business, Cornell University
Downloads 562 (88,756)
Citation 34

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efficient coding, perception, risky choice, neuroeconomics

5.

Realization Utility with Reference-Dependent Preferences

The Review of Financial Studies (2013) 26 (3): 723-767.
Number of pages: 48 Posted: 01 Jan 2012 Last Revised: 20 Feb 2013
Jonathan E. Ingersoll and Lawrence J. Jin
Yale School of Management - International Center for Finance and SC Johnson College of Business, Cornell University
Downloads 421 (125,493)
Citation 50

Abstract:

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Realization Utility, Prospect Theory, Disposition Effect

6.

The Law of Small Numbers in Financial Markets: Theory and Evidence

Number of pages: 71 Posted: 08 Nov 2017 Last Revised: 18 Oct 2023
Lawrence J. Jin and Cameron Peng
SC Johnson College of Business, Cornell University and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 418 (126,548)
Citation 3

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The Law of Small Numbers, Trading Behavior, Disposition Effect, Return Extrapolation

7.

Extrapolation and Bubbles

NBER Working Paper No. w21944
Number of pages: 53 Posted: 01 Feb 2016 Last Revised: 18 Jun 2023
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, SC Johnson College of Business, Cornell University and Harvard University - Department of Economics
Downloads 316 (172,313)
Citation 50

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8.
Downloads 247 (221,550)
Citation 5

Reflexivity in Credit Markets

Number of pages: 73 Posted: 12 Jan 2024
Harvard Business School - Finance Unit, Harvard University - Business School (HBS) and SC Johnson College of Business, Cornell University
Downloads 186 (288,255)

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reflexivity, default extrapolation, return predictability

Reflexivity in Credit Markets

NBER Working Paper No. w25747
Number of pages: 74 Posted: 15 Apr 2019 Last Revised: 08 May 2023
Harvard Business School - Finance Unit, Harvard University - Business School (HBS) and SC Johnson College of Business, Cornell University
Downloads 61 (638,789)
Citation 3

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9.

A Speculative Asset Pricing Model of Financial Instability

Number of pages: 64 Posted: 16 Nov 2014 Last Revised: 16 Mar 2015
Lawrence J. Jin
SC Johnson College of Business, Cornell University
Downloads 245 (223,325)
Citation 9

Abstract:

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crash risk, financial instability

Model-free and Model-based Learning as Joint Drivers of Investor Behavior

Number of pages: 77 Posted: 24 Jan 2023 Last Revised: 19 Jul 2023
Nicholas Barberis, Nicholas Barberis and Lawrence J. Jin
National Bureau of Economic Research (NBER)Yale School of Management and SC Johnson College of Business, Cornell University
Downloads 194 (277,413)

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model-free learning, reinforcement learning, Q-learning, extrapolation, experience effects

Model-Free and Model-Based Learning as Joint Drivers of Investor Behavior

NBER Working Paper No. w31081
Number of pages: 59 Posted: 03 Apr 2023 Last Revised: 21 Jul 2023
Nicholas Barberis, Nicholas Barberis and Lawrence J. Jin
National Bureau of Economic Research (NBER)Yale School of Management and SC Johnson College of Business, Cornell University
Downloads 13 (1,023,888)
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11.

Why Do Investors Trade? A Realization Utility Explanation

Finance and Accounting MeMOS (2014) 1 (1): 10-13.
Number of pages: 6 Posted: 27 Feb 2013 Last Revised: 16 Jan 2014
Jonathan E. Ingersoll and Lawrence J. Jin
Yale School of Management - International Center for Finance and SC Johnson College of Business, Cornell University
Downloads 186 (288,773)

Abstract:

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realization utility, diminishing sensitivity, disposition effect

12.

X-Capm: An Extrapolative Capital Asset Pricing Model

NBER Working Paper No. w19189
Number of pages: 62 Posted: 29 Jun 2013 Last Revised: 08 Jun 2023
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, SC Johnson College of Business, Cornell University and Harvard University - Department of Economics
Downloads 122 (407,821)
Citation 71

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On the Source and Instability of Probability Weighting

Number of pages: 66 Posted: 28 Jun 2023
Cary Frydman and Lawrence J. Jin
University of Southern California - Marshall School of Business and SC Johnson College of Business, Cornell University
Downloads 116 (425,295)

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probability weighting, efficient coding, noisy cognition, prospect theory

On the Source and Instability of Probability Weighting

NBER Working Paper No. w31573
Number of pages: 49 Posted: 21 Aug 2023
Cary Frydman and Lawrence J. Jin
University of Southern California - Marshall School of Business and SC Johnson College of Business, Cornell University
Downloads 5 (1,101,632)
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14.

The Cushioning Benefits of Biased Beliefs

Number of pages: 45 Posted: 12 Sep 2017 Last Revised: 20 Jul 2018
Lawrence J. Jin, Matthew Shum and Mali Zhang
SC Johnson College of Business, Cornell University, California Institute of Technology and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 93 (494,406)

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cushioning, extrapolation, oil exploration