Johan Walden

University of California, Berkeley - Finance Group

Professor of Finance

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

http://www.haas.berkeley.edu/faculty/walden.html

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 15,383

SSRN RANKINGS

Top 15,383

in Total Papers Downloads

4,654

SSRN CITATIONS
Rank 5,938

SSRN RANKINGS

Top 5,938

in Total Papers Citations

133

CROSSREF CITATIONS

89

Scholarly Papers (23)

1.

Investor Networks in the Stock Market

AFA 2012 Chicago Meetings Paper
Number of pages: 44 Posted: 14 Mar 2011
Ozyegin University, University of California, Berkeley - Finance Group, Purdue University - Krannert School of Management and Borsa Istanbul (Istanbul Stock Exchange)
Downloads 591 (65,141)
Citation 28

Abstract:

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Information Networks, Heterogeneous Investors, Portfolio Choice, Power Law

2.

Real Investments Under Knightian Uncertainty

Number of pages: 84 Posted: 27 Feb 2004
Johan Walden
University of California, Berkeley - Finance Group
Downloads 489 (82,431)

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3.

Beauty is in the Bid of the Beholder: An Empirical Basis for Style

Number of pages: 32 Posted: 17 Nov 2004
Yale School of Management - International Center for Finance, University of California, Berkeley - Finance Group, Yale University - Department of Mathematics and Yale University - Department of Mathematics
Downloads 482 (83,851)
Citation 2

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4.

Payment System Externalities

Journal of Finance, Forthcoming, Ross School of Business Paper No. 1337
Number of pages: 40 Posted: 03 Jan 2017 Last Revised: 29 Apr 2021
Christine A. Parlour, Uday Rajan and Johan Walden
University of California, Berkeley - Finance Group, Stephen M. Ross School of Business, University of Michigan and University of California, Berkeley - Finance Group
Downloads 375 (112,209)
Citation 6

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Payment Systems, Banks, Central Bank Digital Currency

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

Rotman School of Management Working Paper No. 2798638
Number of pages: 70 Posted: 23 Jun 2016 Last Revised: 29 Dec 2021
Bing Han, David A. Hirshleifer and Johan Walden
University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of California, Berkeley - Finance Group
Downloads 290 (147,164)
Citation 3

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visibility bias, overconsumption, saving, behavioral economics, social influence, social learning

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

NBER Working Paper No. w25566
Number of pages: 71 Posted: 19 Feb 2019 Last Revised: 11 May 2022
Bing Han, David A. Hirshleifer and Johan Walden
University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of California, Berkeley - Finance Group
Downloads 40 (585,462)
Citation 3

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6.

Social Transmission Bias and Investor Behavior

Forthcoming Journal of Financial and Quantitative Analysis
Number of pages: 42 Posted: 22 Sep 2015 Last Revised: 29 Jul 2020
Bing Han, David A. Hirshleifer and Johan Walden
University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of California, Berkeley - Finance Group
Downloads 316 (135,108)
Citation 12

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social interaction, transmission bias, active investing, networks, thought contagion, behavioral finance

7.

Trading, Profits, and Volatility in a Dynamic Information Network Model

Number of pages: 47 Posted: 07 Feb 2015 Last Revised: 13 Aug 2018
Johan Walden
University of California, Berkeley - Finance Group
Downloads 292 (146,800)
Citation 13

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Information diffusion, information networks, heterogeneous investors, portfolio choice, asset pricing, trading volume

8.

Asset Pricing in Large Information Networks

Number of pages: 43 Posted: 05 Mar 2009 Last Revised: 29 Jun 2012
Han N. Ozsoylev and Johan Walden
Ozyegin University and University of California, Berkeley - Finance Group
Downloads 264 (162,575)
Citation 24

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Information networks, noisy rational expectations equilibrium, power law

9.

Value at Risk Under Dependence and Heavy-Tailedness: Models with Common Shocks

Harvard Institute of Economic Research Discussion Paper No. 2139
Number of pages: 38 Posted: 10 Oct 2007
Rustam Ibragimov and Johan Walden
Harvard University - Department of Economics and University of California, Berkeley - Finance Group
Downloads 258 (166,386)

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10.

The Limits of Diversification When Losses May Be Large

Harvard Institute of Economic Research Discussion Paper No. 2104
Number of pages: 36 Posted: 03 Feb 2006
Rustam Ibragimov and Johan Walden
Harvard University - Department of Economics and University of California, Berkeley - Finance Group
Downloads 211 (201,548)
Citation 12

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value at risk, coherent measures of risk, heavy-tailed risks, portfolios, riskiness, diversification, catastrophe insurance, risk bounds

11.

Recovery with Unbounded Diffusion Processes

Review of Finance, Forthcoming
Number of pages: 49 Posted: 12 Oct 2014 Last Revised: 04 Nov 2016
Johan Walden
University of California, Berkeley - Finance Group
Downloads 165 (249,909)
Citation 24

Abstract:

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Recovery theorem, asset pricing

12.

Portfolio Diversification Under Local, Moderate and Global Deviations from Power Laws

Harvard Institute of Economic Research Discussion Paper No. 2116
Number of pages: 23 Posted: 22 Mar 2006
Rustam Ibragimov and Johan Walden
Harvard University - Department of Economics and University of California, Berkeley - Finance Group
Downloads 162 (253,870)
Citation 4

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heavy-tailed risks, nonlinear transformations, portfolios, diversification, riskiness, value at risk, coherent measures of risk, risk bounds, robustness, Pareto-type distributions, power laws, local, moderate and global deviations

13.

Social Transmission Bias and Investor Behavior

NBER Working Paper No. w24281
Number of pages: 43 Posted: 05 Feb 2018 Last Revised: 07 May 2022
Bing Han, David A. Hirshleifer and Johan Walden
University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of California, Berkeley - Finance Group
Downloads 158 (259,232)
Citation 4

Abstract:

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14.

The Term Structure in an Exchange Economy with Two Trees

Number of pages: 35 Posted: 23 Jan 2009 Last Revised: 22 Mar 2011
University of California, Berkeley - Finance Group, University of California, Berkeley - Haas School of Business and University of California, Berkeley - Finance Group
Downloads 147 (274,746)
Citation 1

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Term structure, yield curve, risk-free rate puzzle, two trees, Lucas model, asset pricing

15.

Efficiency and Distortions in a Production Economy with Heterogeneous Beliefs

Number of pages: 38 Posted: 07 Feb 2015
Christian Heyerdahl-Larsen and Johan Walden
Indiana University - Kelley School of Business - Department of Finance and University of California, Berkeley - Finance Group
Downloads 118 (324,174)
Citation 5

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Speculation, heterogeneous beliefs, mispricing, investments, welfare

16.

Hedging Labor Income Risk

Riksbank Research Paper Series No. 86, Sveriges Riksbank Working Paper Series No. 255
Number of pages: 48 Posted: 23 Feb 2012
McGill University - Desautels Faculty of Management, Sveriges Riksbank - Research Division, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 109 (342,555)
Citation 20

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17.

Limited Capital Market Participation and Human Capital Risk

NBER Working Paper No. w15709
Number of pages: 33 Posted: 01 Feb 2010 Last Revised: 05 Jun 2022
Jonathan Berk and Johan Walden
Stanford Graduate School of Business and University of California, Berkeley - Finance Group
Downloads 72 (440,812)
Citation 10

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18.

Industrial Asset Pricing with Endogenous Business Cycles

Number of pages: 36 Posted: 29 Nov 2011 Last Revised: 17 Jul 2014
Stockholm School of Economics - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 62 (476,052)

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19.

Markup Cycles, Dynamic Misallocation, and Amplification

Journal of Economic Theory, Forthcoming
Number of pages: 49 Posted: 11 Jul 2014
Stockholm School of Economics - Department of Finance, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 48 (533,985)
Citation 4

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Oligopolistic Competition, Markup Cycles, Allocative Efficiency, Dynamic Games, DSGE Models

Pricing and Capital Allocation for Multiline Insurance Firms

Journal of Risk and Insurance, Vol. 77, No. 3, pp. 551-578, September 2010
Number of pages: 28 Posted: 04 Aug 2010
Harvard University - Department of Economics, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 4 (887,824)

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Pricing and Capital Allocation for Multiline Insurance Firms

Journal of Risk and Insurance, Vol. 77, Issue 3, pp. 551-578, 2010
Number of pages: 28 Posted: 08 Mar 2018
Harvard University - Department of Economics, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 1 (932,336)
Citation 2

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21.

The Industrial Organization of the US Residential Mortgage Market

Annual Review of Financial Economics, Vol. 6, pp. 259-288, 2014
Posted: 25 Nov 2014
Richard Stanton, Johan Walden and Nancy Wallace
University of California, Berkeley - Haas School of Business, University of California, Berkeley - Finance Group and University of California, Berkeley - Real Estate Group

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22.

Optimal Insurance with Costly Internal Capital

Risk Management and Insurance Review, Vol. 17, Issue 2, pp. 137-161, 2014
Number of pages: 25 Posted: 16 Sep 2014
Dwight M. Jaffee and Johan Walden
University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group
Downloads 0 (908,984)

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23.

Nondiversification Traps in Catastrophe Insurance Markets

The Review of Financial Studies, Vol. 22, Issue 3, pp. 959-993, 2009
Posted: 17 Mar 2009
Harvard University - Department of Economics, University of California, Berkeley - Finance Group and University of California, Berkeley - Finance Group

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Other Papers (1)

Total Downloads: 76
1.

The Long-Term Discount Rate

EFA 2009 Bergen Meetings Paper
Number of pages: 34 Posted: 19 Feb 2009 Last Revised: 14 Jul 2009
University of California, Berkeley - Finance Group, University of California, Berkeley - Haas School of Business and University of California, Berkeley - Finance Group
Downloads 76

Abstract:

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Term structure, yield curve, risk-free rate puzzle, two trees, Lucas model, asset pricing