Stefano Cassella

Tilburg University- School of Economics and Management

Assistant Professor of Finance

Professor de Moorplein 521

Tilburg, 5037

Netherlands

SCHOLARLY PAPERS

11

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SSRN CITATIONS
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Top 13,747

in Total Papers Citations

108

CROSSREF CITATIONS

5

Scholarly Papers (11)

1.

Extrapolation Bias and the Predictability of Stock Returns by Price-Scaled Variables

Number of pages: 73 Posted: 22 Oct 2015 Last Revised: 05 Sep 2017
Stefano Cassella and Huseyin Gulen
Tilburg University- School of Economics and Management and Mitchell E. Daniels, Jr School of Business, Purdue University
Downloads 1,163 (35,382)
Citation 30

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Do Teams Alleviate or Exacerbate the Extrapolation Bias in the Stock Market?

Number of pages: 109 Posted: 11 Feb 2021 Last Revised: 22 Jul 2023
Ricardo Barahona, Stefano Cassella and Kristy A.E. Jansen
Banco de España, Tilburg University- School of Economics and Management and Marshall School of Business - University of Southern California
Downloads 833 (55,753)
Citation 1

Abstract:

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Expectation Formation, Extrapolation, Heuristics, Teams

Do Teams Alleviate or Exacerbate the Extrapolation Bias in the Stock Market?

Banco de Espana Working Paper No. 2335
Number of pages: 109 Posted: 12 Dec 2023
Ricardo Barahona, Stefano Cassella and Kristy A.E. Jansen
Banco de España, Tilburg University- School of Economics and Management and Marshall School of Business - University of Southern California
Downloads 65 (655,346)
Citation 15

Abstract:

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expectation formation, extrapolation, heuristics, teams

3.

Horizon Bias and the Term Structure of Equity Returns

Number of pages: 61 Posted: 14 Feb 2019 Last Revised: 29 Nov 2021
Stefano Cassella, Benjamin Golez, Huseyin Gulen and Peter Kelly
Tilburg University- School of Economics and Management, University of Notre Dame, Mitchell E. Daniels, Jr School of Business, Purdue University and Claremont McKenna College
Downloads 783 (61,585)
Citation 3

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term structure of equities, extrapolation, optimism bias

4.

Motivated Beliefs in Macroeconomic Expectations

Number of pages: 63 Posted: 11 Feb 2021 Last Revised: 05 Aug 2023
Stefano Cassella, Benjamin Golez, Huseyin Gulen and Peter Kelly
Tilburg University- School of Economics and Management, University of Notre Dame, Mitchell E. Daniels, Jr School of Business, Purdue University and Claremont McKenna College
Downloads 702 (70,990)
Citation 2

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Motivated beliefs, Expectation formation, Wishful thinking, Economic forecasting, Economic models, Expectations, Optimism bias, Survey forecasts, Macroeconomic forecasts.

5.

Extrapolators at the Gate: Market-wide Misvaluation and the Value Premium

Number of pages: 74 Posted: 23 Nov 2020 Last Revised: 02 Jan 2024
Tilburg University- School of Economics and Management, Renmin University of China - School of Finance, Mitchell E. Daniels, Jr School of Business, Purdue University and Case Western Reserve University - Department of Banking & Finance
Downloads 686 (73,131)

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Value premium, extrapolation, extrapolative expectations, style investing, predictability

6.

Contrarians, Extrapolators, and Stock Market Momentum and Reversal

Number of pages: 66 Posted: 07 Dec 2020 Last Revised: 08 Jan 2023
Adem Atmaz, Stefano Cassella, Huseyin Gulen and Fangcheng Ruan
Purdue University - Krannert School of Management, Tilburg University- School of Economics and Management, Mitchell E. Daniels, Jr School of Business, Purdue University and Purdue University - Krannert School of Management
Downloads 632 (81,048)
Citation 4

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Extrapolative expectations, extrapolators, autocorrelation, momentum, reversal

7.

Extracting Extrapolative Beliefs from Market Prices: An Augmented Present-Value Approach

Number of pages: 64 Posted: 18 May 2021 Last Revised: 21 Aug 2023
Stefano Cassella, Te-Feng Chen, Huseyin Gulen and Yan Liu
Tilburg University- School of Economics and Management, Hong Kong Polytechnic University, Mitchell E. Daniels, Jr School of Business, Purdue University and Purdue University
Downloads 556 (95,259)

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Present value, Structural estimation, Expectations, Extrapolation bias, Behavioral, Sentiment, Predictive regression, Discount rate, Dividend growth

8.

Belief-based Equity Market Sentiment

Number of pages: 87 Posted: 22 Feb 2018 Last Revised: 03 Oct 2019
Stefano Cassella and Huseyin Gulen
Tilburg University- School of Economics and Management and Mitchell E. Daniels, Jr School of Business, Purdue University
Downloads 543 (98,148)
Citation 1

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Expectations, sentiment, beliefs, representativeness heuristic, overextrapolation, cross-section, asset pricing

9.

Do Shareholders Gain from Their Right to Sue? Evidence from Federal Judge Turnover

Number of pages: 67 Posted: 14 Jan 2019 Last Revised: 25 Jan 2022
Stefano Cassella and Antonino Emanuele Rizzo
Tilburg University- School of Economics and Management and Nova School of Business and Economics
Downloads 379 (149,917)

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shareholder litigation, lawsuits, federal courts, judicial ideology, corporate valuation, law and finance, takeover threat, investor protection, deterrence, governance

10.

Optimism Shifting

Number of pages: 71 Posted: 01 Sep 2023 Last Revised: 27 Mar 2024
Stefano Cassella, Chukwuma Dim and Tural Karimli
Tilburg University- School of Economics and Management, George Washington University and Frankfurt School of Finance & Management
Downloads 358 (159,735)

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Belief Updating, Individual Investors, Social Finance, Motivated Beliefs, Term-structure, Expectations, Confirmation Bias

11.

Do Variance Expectations Overreact? Evidence From the Cross-section of Stock Options

Number of pages: 37 Posted: 30 Aug 2023 Last Revised: 31 Aug 2023
Stefano Cassella, Joost Driessen and Hong Phuoc (Michael) Vo
Tilburg University- School of Economics and Management, Tilburg University - Tilburg University School of Economics and Management and Tilburg University- School of Economics and Management
Downloads 157 (354,745)

Abstract:

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variance, expectations, overreaction, underreaction