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

24

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SSRN CITATIONS
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263

CROSSREF CITATIONS

70

Scholarly Papers (24)

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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 - Faculty of Business, University of California, Berkeley - Finance Group, Purdue University - Krannert School of Management and Borsa Istanbul (Istanbul Stock Exchange)
Downloads 629 (74,252)
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 511 (96,109)

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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 502 (98,198)
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 419 (121,724)
Citation 13

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Payment Systems, Banks, Central Bank Digital Currency

5.

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

Downloads 400 (128,400)
Citation 9

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 340 (152,545)
Citation 4

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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: 12 Jun 2023
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 60 (617,859)
Citation 4

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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 353 (147,529)
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 347 (150,267)
Citation 13

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

8.

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 288 (183,120)

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9.

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 - Faculty of Business and University of California, Berkeley - Finance Group
Downloads 287 (183,739)
Citation 24

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Information networks, noisy rational expectations equilibrium, power law

10.

Social Transmission Bias and Investor Behavior

NBER Working Paper No. w24281
Number of pages: 43 Posted: 05 Feb 2018 Last Revised: 07 May 2023
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 230 (228,950)
Citation 53

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11.

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 229 (229,897)
Citation 15

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

12.

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 185 (279,383)
Citation 24

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Recovery theorem, asset pricing

13.

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 180 (286,161)
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

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 177 (290,494)
Citation 1

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

15.

Psychological Distance and Subjective Beliefs

Number of pages: 75 Posted: 22 Nov 2022
Harjoat Singh Bhamra, Raman Uppal and Johan Walden
Imperial College Business School, EDHEC Business School and University of California, Berkeley - Finance Group
Downloads 154 (327,058)

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Belief heterogeneity, behavioral finance, inequality, Universal Law of Generalization, construal level theory

16.

Efficiency and Distortions in a Production Economy with Heterogeneous Beliefs

Number of pages: 38 Posted: 07 Feb 2015
Christian Heyerdahl-Larsen and Johan Walden
BI Norwegian Business School and University of California, Berkeley - Finance Group
Downloads 139 (355,113)
Citation 9

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Speculation, heterogeneous beliefs, mispricing, investments, welfare

17.

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 138 (357,083)
Citation 31

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18.

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 91 (481,221)
Citation 10

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19.

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 78 (528,253)

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20.

Model Selection by Market Selection

Number of pages: 42 Posted: 10 Apr 2023
Christian Heyerdahl-Larsen, Philipp K. Illeditsch and Johan Walden
BI Norwegian Business School, Texas A&M University - Mays Business School - Finance Department and University of California, Berkeley - Finance Group
Downloads 65 (583,661)

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Market Selection, Model Selection, Estimation, Heterogeneous Beliefs

21.

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 63 (592,839)
Citation 10

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

22.

Nonbanks and Mortgage Securitization

Annual Review of Financial Economics, Vol. 14, pp. 137-166, 2022
Posted: 10 Nov 2022
You Suk Kim, Karen M. Pence, Richard Stanton, Johan Walden and Nancy Wallace
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, University of California, Berkeley, University of California, Berkeley - Finance Group and University of California, Berkeley - Haas School of Business

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23.

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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24.

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: 90
Actions:
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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 90

Abstract:

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