Ulrike Malmendier

University of California, Berkeley - Department of Economics

Professor of Economics

549 Evans Hall #3880

Berkeley, CA 94720-3880

United States

http://www.econ.berkeley.edu/~ulrike/

University of California, Berkeley - Haas School of Business

Professor of Finance

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

Research Affiliate

London

United Kingdom

Institute for the Study of Labor (IZA)

Faculty Research Fellow

P.O. Box 7240

Bonn, D-53072

Germany

http://www.iza.org/en/webcontent/personnel/photos/index_html?key=918

SCHOLARLY PAPERS

37

DOWNLOADS
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Top 2,538

in Total Papers Downloads

13,855

SSRN CITATIONS
Rank 152

SSRN RANKINGS

Top 152

in Total Papers Citations

721

CROSSREF CITATIONS

2,697

Scholarly Papers (37)

Overestimating Self-Control: Evidence from the Health Club Industry

Stanford GSB Research Paper No. 1880
Number of pages: 70 Posted: 12 Dec 2002
Stefano DellaVigna and Ulrike Malmendier
University of California, Berkeley and University of California, Berkeley - Department of Economics
Downloads 2,783 (4,103)
Citation 7

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Overestimating Self_Control: Evidence from the Health Club Industry

NBER Working Paper No. w10819
Number of pages: 44 Posted: 19 Oct 2004 Last Revised: 26 Jul 2010
Stefano DellaVigna and Ulrike Malmendier
University of California, Berkeley and University of California, Berkeley - Department of Economics
Downloads 64 (353,097)

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2.
Downloads 2,230 ( 6,080)
Citation 484

CEO Overconfidence and Corporate Investment

AFA 2003 Washington, DC Meetings
Number of pages: 76 Posted: 14 Dec 2002
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 2,083 (6,674)
Citation 16

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CEO Overconfidence and Corporate Investment

NBER Working Paper No. w10807
Number of pages: 57 Posted: 13 Oct 2004 Last Revised: 14 Jul 2010
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 147 (201,057)
Citation 29

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Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction

AFA 2004 San Diego Meetings
Number of pages: 64 Posted: 29 Nov 2003
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 1,814 (8,491)
Citation 51

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Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction

NBER Working Paper No. w10813
Number of pages: 54 Posted: 18 Oct 2004 Last Revised: 20 Jul 2010
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 199 (155,314)
Citation 109

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4.
Downloads 1,897 ( 8,036)
Citation 55

Superstar CEOs

Number of pages: 58 Posted: 23 Mar 2007
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 1,203 (16,281)
Citation 28

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Superstar CEOS

7th Annual Texas Finance Festival Paper
Number of pages: 56 Posted: 24 Apr 2005
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 578 (45,898)
Citation 37

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Superstar CEOS

NBER Working Paper No. w14140
Number of pages: 44 Posted: 30 Jun 2008 Last Revised: 22 Aug 2010
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 116 (242,373)

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5.

Corporate Financial Policies with Overconfident Managers*

8th Annual Texas Finance Festival
Number of pages: 58 Posted: 08 Apr 2006
Ulrike Malmendier, Geoffrey A. Tate and Jun Yan
University of California, Berkeley - Department of Economics, University of Maryland - Robert H. Smith School of Business and Stanford University
Downloads 720 (34,737)
Citation 2

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6.

Target Revaluation after Failed Takeover Attempts - Cash versus Stock

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 39 Posted: 15 Mar 2011 Last Revised: 05 Mar 2015
Ulrike Malmendier, Marcus M. Opp and Farzad Saidi
University of California, Berkeley - Department of Economics, Stockholm School of Economics - Department of Finance and Boston University - Questrom School of Business
Downloads 607 (43,667)
Citation 3

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mergers & acquisitions, synergies, misvaluation, revaluation, medium of exchange

7.

Overconfidence and Early-Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies

Journal of Finance, Forthcoming
Number of pages: 84 Posted: 27 Jan 2011
Ulrike Malmendier, Geoffrey A. Tate and Jonathan Yan
University of California, Berkeley - Department of Economics, University of Maryland - Robert H. Smith School of Business and affiliation not provided to SSRN
Downloads 598 (44,558)
Citation 23

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Managerial biases, managerial traits, overconfidence, Depression experience, military experience, capital structure, behavioral corporate finance

Winning by Losing: Evidence on the Long-Run Effects of Mergers

Number of pages: 58 Posted: 19 Mar 2011 Last Revised: 24 Apr 2012
Ulrike Malmendier, Enrico Moretti and Florian S. Peters
University of California, Berkeley - Department of Economics, University of California, Berkeley - Department of Economics and University of Amsterdam
Downloads 457 (61,986)
Citation 1

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Mergers, Acquisitions, Misvaluation, Matching, Counterfactual

Winning by Losing: Evidence on the Long-Run Effects of Mergers

NBER Working Paper No. w18024
Number of pages: 64 Posted: 28 Apr 2012
Ulrike Malmendier, Enrico Moretti and Florian S. Peters
University of California, Berkeley - Department of Economics, University of California, Berkeley - Department of Economics and University of Amsterdam
Downloads 67 (344,564)

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Winning by Losing: Evidence on the Long-Run Effects of Mergers

CEPR Discussion Paper No. DP12830
Number of pages: 81 Posted: 05 Apr 2018
Ulrike Malmendier, Enrico Moretti and Florian S. Peters
University of California, Berkeley - Department of Economics, University of California, Berkeley - Department of Economics and University of Amsterdam
Downloads 1 (690,384)
Citation 2
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9.

Are Small Investors Naive About Incentives?

Journal of Financial Economics, Forthcoming
Number of pages: 51 Posted: 27 Mar 2007
Ulrike Malmendier and Devin M. Shanthikumar
University of California, Berkeley - Department of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 380 (77,969)
Citation 9

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Stock recommendations, Trade reaction, Individual and institutional investors, Conflicts of interest, Behavioral finance

10.

Lawyer Expertise and Contract Design – Evidence from M&A Negotiations

Number of pages: 58 Posted: 13 Mar 2015 Last Revised: 30 Jan 2019
Christel Karsten, Ulrike Malmendier and Zacharias Sautner
Strategy&, University of California, Berkeley - Department of Economics and Frankfurt School of Finance & Management gemeinnützige GmbH
Downloads 369 (80,717)
Citation 4

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Contracting; M&A, Lawyers

11.
Downloads 273 (112,598)
Citation 26

Contractibility and the Design of Research Agreements

AFA 2005 Philadelphia Meetings
Number of pages: 39 Posted: 02 Jan 2005
Ulrike Malmendier and Josh Lerner
University of California, Berkeley - Department of Economics and Harvard Business School - Finance Unit
Downloads 216 (142,220)
Citation 2

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Contractibility and the Design of Research Agreements

NBER Working Paper No. w11292
Number of pages: 59 Posted: 03 Jun 2005 Last Revised: 23 Mar 2013
Ulrike Malmendier and Josh Lerner
University of California, Berkeley - Department of Economics and Harvard Business School - Finance Unit
Downloads 57 (374,753)
Citation 1

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12.

Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?

NBER Working Paper No. w14813
Number of pages: 49 Posted: 27 Mar 2009 Last Revised: 24 Jun 2010
Ulrike Malmendier and Stefan Nagel
University of California, Berkeley - Department of Economics and University of Chicago - Booth School of Business
Downloads 187 (163,056)
Citation 40

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13.
Downloads 142 (206,349)

Financial Expertise of Directors

NBER Working Paper No. w11914
Number of pages: 51 Posted: 14 Jul 2006 Last Revised: 23 Jul 2010
A. Burak Guner, Ulrike Malmendier and Geoffrey A. Tate
Citadel, University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 142 (206,855)
Citation 7

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Financial Expertise of Directors

Journal of Financial Economics (JFE), Vol. 88, No. 2, pp. 323-354, May 2008
Posted: 19 Aug 2008
A. Burak Guner, Ulrike Malmendier and Geoffrey A. Tate
Citadel, University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business

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corporate governance, bankers, boards of directors

14.

Do Security Analysts Speak in Two Tongues?

NBER Working Paper No. w13124
Number of pages: 65 Posted: 27 Jun 2007 Last Revised: 15 Aug 2007
Ulrike Malmendier and Devin M. Shanthikumar
University of California, Berkeley - Department of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 129 (222,824)
Citation 1

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15.

Corporate Financial Policies with Overconfident Managers

NBER Working Paper No. w13570
Number of pages: 44 Posted: 05 Nov 2007 Last Revised: 01 Aug 2010
Ulrike Malmendier, Geoffrey A. Tate and Jonathan Yan
University of California, Berkeley - Department of Economics, University of Maryland - Robert H. Smith School of Business and affiliation not provided to SSRN
Downloads 118 (238,298)

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16.
Downloads 102 (264,113)
Citation 11

You Owe Me

CESifo Working Paper Series No. 4007
Number of pages: 53 Posted: 05 Dec 2012
Ulrike Malmendier and Klaus M. Schmidt
University of California, Berkeley - Department of Economics and Ludwig Maximilian University of Munich (LMU) - Faculty of Economics
Downloads 83 (304,047)

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gift exchange, externalities, lobbyism, corruption, reciprocity, social preferences

You Owe Me

NBER Working Paper No. w18543
Number of pages: 53 Posted: 20 Nov 2012
Ulrike Malmendier and Klaus M. Schmidt
University of California, Berkeley - Department of Economics and Ludwig Maximilian University of Munich (LMU) - Faculty of Economics
Downloads 16 (571,470)
Citation 1

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You Owe Me

CEPR Discussion Paper No. DP9230
Number of pages: 55 Posted: 01 Feb 2013
Ulrike Malmendier and Klaus M. Schmidt
University of California, Berkeley - Department of Economics and Ludwig Maximilian University of Munich (LMU) - Faculty of Economics
Downloads 3 (665,449)
Citation 2
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corruption, externalities, gift exchange, lobbyism, reciprocity, social preferences

17.

Overconfidence and Early-Life Experiences: The Impact of Managerial Traits on Corporate Financial Policies

NBER Working Paper No. w15659
Number of pages: 61 Posted: 18 Jan 2010
Ulrike Malmendier, Geoffrey A. Tate and Jonathan Yan
University of California, Berkeley - Department of Economics, University of Maryland - Robert H. Smith School of Business and affiliation not provided to SSRN
Downloads 93 (280,556)

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18.

Sorting, Prices, and Social Preferences

NBER Working Paper No. w12041
Number of pages: 56 Posted: 04 May 2006 Last Revised: 08 Apr 2010
Edward P. Lazear, Roberto A. Weber and Ulrike Malmendier
Stanford Graduate School of Business, University of Zurich - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 83 (301,348)

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19.

Are Investors Naive About Incentives?

NBER Working Paper No. w10812
Number of pages: 62 Posted: 18 Oct 2004 Last Revised: 19 Jul 2010
Ulrike Malmendier and Devin M. Shanthikumar
University of California, Berkeley - Department of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 79 (310,273)

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20.

The Bidder's Curse

NBER Working Paper No. w13699
Number of pages: 59 Posted: 03 Jan 2008 Last Revised: 08 Apr 2010
Young Han Lee and Ulrike Malmendier
affiliation not provided to SSRN and University of California, Berkeley - Department of Economics
Downloads 69 (335,017)
Citation 2

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21.

Testing for Altruism and Social Pressure in Charitable Giving

NBER Working Paper No. w15629
Number of pages: 50 Posted: 04 Jan 2010 Last Revised: 16 Sep 2010
Stefano DellaVigna, John A. List and Ulrike Malmendier
University of California, Berkeley, University of Chicago - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 62 (354,259)
Citation 24

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22.

Behavioral Corporate Finance

NBER Working Paper No. w25162
Number of pages: 125 Posted: 16 Oct 2018
Ulrike Malmendier
University of California, Berkeley - Department of Economics
Downloads 46 (405,938)
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23.

The Role of Theory in Field Experiments

NBER Working Paper No. w17047
Number of pages: 33 Posted: 16 May 2011 Last Revised: 29 Oct 2014
David Card, Stefano DellaVigna and Ulrike Malmendier
University of California, Berkeley - Department of Economics, University of California, Berkeley and University of California, Berkeley - Department of Economics
Downloads 46 (405,938)
Citation 3

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24.

With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship

NBER Working Paper No. w16918
Number of pages: 56 Posted: 04 Apr 2011 Last Revised: 29 Oct 2014
Josh Lerner and Ulrike Malmendier
Harvard Business School - Finance Unit and University of California, Berkeley - Department of Economics
Downloads 41 (424,455)
Citation 6

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Exposure to Daily Price Changes and Inflation Expectations

Chicago Booth Research Paper No. 19-17 (2019), Fama-Miller Working Paper
Number of pages: 58 Posted: 13 Aug 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 33 (469,221)
Citation 1

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Beliefs formation, Rational Inattention, Realized Inflation, Transmission of Monetary Policy

Exposure to Daily Price Changes and Inflation Expectations

NBER Working Paper No. w26237
Number of pages: 58 Posted: 09 Sep 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 4 (656,669)
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Exposure to Daily Price Changes and Inflation Expectations

CESifo Working Paper No. 7798
Number of pages: 59 Posted: 14 Oct 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 1 (690,384)

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beliefs formation, rational inattention, realized inflation, transmission of monetary policy

26.

Salient Price Changes, Inflation Expectations, and Household Behavior

Number of pages: 51 Posted: 06 Jun 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 33 (457,907)
Citation 5

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Salience, Frequency Bias, Financial Literacy, Household Finance, Transmission of Monetary Policy

27.

Target Revaluation after Failed Takeover Attempts – Cash Versus Stock

NBER Working Paper No. w18211
Number of pages: 40 Posted: 07 Jul 2012
Ulrike Malmendier, Marcus M. Opp and Farzad Saidi
University of California, Berkeley - Department of Economics, Stockholm School of Economics - Department of Finance and New York University (NYU)
Downloads 27 (487,125)
Citation 2

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28.

Voting to Tell Others

NBER Working Paper No. w19832
Number of pages: 66 Posted: 25 Jan 2014
Stefano DellaVigna, John A. List, Ulrike Malmendier and Gautam Rao
University of California, Berkeley, University of Chicago - Department of Economics, University of California, Berkeley - Department of Economics and University of California, Berkeley
Downloads 23 (509,290)
Citation 9

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29.

Does Overconfidence Affect Corporate Investment? CEO Overconfidence Measures Revisited

European Financial Management, Vol. 11, No. 5, pp. 649-659, November 2005
Number of pages: 11 Posted: 08 Dec 2005
Ulrike Malmendier and Geoffrey A. Tate
University of California, Berkeley - Department of Economics and University of Maryland - Robert H. Smith School of Business
Downloads 23 (509,290)
Citation 2
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The Making of Hawks and Doves: Inflation Experiences on the FOMC

NBER Working Paper No. w23228
Number of pages: 62 Posted: 19 Mar 2017
Ulrike Malmendier, Stefan Nagel and Zhen Yan
University of California, Berkeley - Department of Economics, University of Chicago - Booth School of Business and University of Michigan at Ann Arbor - Finance
Downloads 20 (545,323)
Citation 15

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The Making of Hawks and Doves: Inflation Experiences on the FOMC

CEPR Discussion Paper No. DP11902
Number of pages: 64 Posted: 16 Mar 2017
Ulrike Malmendier, Stefan Nagel and Zhen Yan
University of California, Berkeley - Department of Economics, University of Chicago - Booth School of Business and University of Michigan at Ann Arbor - Finance
Downloads 0
Citation 15
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31.

The Importance of Being Marginal: Gender Differences in Generosity

NBER Working Paper No. w18748
Number of pages: 25 Posted: 02 Feb 2013
Stefano DellaVigna, John A. List, Ulrike Malmendier and Gautam Rao
University of California, Berkeley, University of Chicago - Department of Economics, University of California, Berkeley - Department of Economics and University of California, Berkeley
Downloads 16 (550,550)
Citation 1

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32.

Scarred Consumption

NBER Working Paper No. w24696
Number of pages: 80 Posted: 13 Jun 2018
Ulrike Malmendier and Leslie Sheng Shen
University of California, Berkeley - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 10 (587,981)
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33.

Estimating Social Preferences and Gift Exchange at Work

NBER Working Paper No. w22043
Number of pages: 57 Posted: 01 Mar 2016
Stefano DellaVigna, John A. List, Ulrike Malmendier and Gautam Rao
University of California, Berkeley, University of Chicago - Department of Economics, University of California, Berkeley - Department of Economics and Harvard University - Department of Economics
Downloads 5 (620,786)
Citation 1

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34.

Investor Experiences and Financial Market Dynamics

NBER Working Paper No. w24697
Number of pages: 80 Posted: 13 Jun 2018
Ulrike Malmendier, Demian Pouzo and Victoria Vanasco
University of California, Berkeley - Department of Economics, University of California, Berkeley - Department of Economics and CREi and UPF
Downloads 4 (627,794)
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35.

Scarred Consumption

FRB International Finance Discussion Paper No. 1259
Number of pages: 96 Posted: 22 Oct 2019
Ulrike Malmendier and Leslie Sheng Shen
University of California, Berkeley - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 0

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Household consumption, Experience effects, Expectation, Lifecycle model

36.

Rethinking Reciprocity

Annual Review of Economics, Vol. 6, pp. 849-874, 2014
Posted: 08 Aug 2014
Ulrike Malmendier, Vera teVelde and Roberto A. Weber
University of California, Berkeley - Department of Economics, University of California, Berkeley - Department of Economics and University of Zurich - Department of Economics

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37.

Contract Design and Self-Control: Theory and Evidence

Stanford GSB Research Paper No. 1801
Posted: 29 Feb 2004
Ulrike Malmendier and Stefano DellaVigna
University of California, Berkeley - Department of Economics and University of California, Berkeley

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microeconomics, bahavioral economics, industrial organization, contact theory, applied theory

Other Papers (1)

Total Downloads: 292
1.

Winning by Losing: Evidence on Overbidding in Mergers

AFA 2007 Chicago Meetings Paper
Number of pages: 18 Posted: 15 Mar 2006
Ulrike Malmendier and Enrico Moretti
University of California, Berkeley - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 292

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Mergers and acquisitions, overbidding, bidding contests