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

  • University of California, Berkeley - Finance Group

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    • Tel: (510) 643-0547
SCHOLARLY PAPERS

23

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4,654

SSRN CITATIONS
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Top 5,938

in Total Papers Citations

133

CROSSREF CITATIONS

89

Scholarly Papers (23)

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1.

Investor Networks in the Stock Market

AFA 2012 Chicago Meetings Paper
Number of pages: 44 Posted: 14 Mar 2011
Han N. Ozsoylev, Johan Walden, M. Deniz Yavuz and Recep Bildik
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

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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
William N. Goetzmann, Johan Walden, Mauro M. Maggioni and Peter Jones
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

5.

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

Downloads 330 (129,186)
Citation 7

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

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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

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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
Christine A. Parlour, Richard Stanton and Johan Walden
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
Sebastien Betermier, Thomas Jansson, Christine A. Parlour and Johan Walden
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
Marcus M. Opp, Christine A. Parlour and Johan Walden
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
Marcus M. Opp, Christine A. Parlour and Johan Walden
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

20.

Pricing and Capital Allocation for Multiline Insurance Firms

Downloads 5 (841,826)
Citation 12

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
Rustam Ibragimov, Dwight M. Jaffee and Johan Walden
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
Rustam Ibragimov, Dwight M. Jaffee and Johan Walden
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
Rustam Ibragimov, Dwight M. Jaffee and Johan Walden
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
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1.

The Long-Term Discount Rate

EFA 2009 Bergen Meetings Paper
Number of pages: 34 Posted: 19 Feb 2009 Last Revised: 14 Jul 2009
Christine A. Parlour, Richard Stanton and Johan Walden
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