Nicholas Barberis

Yale School of Management

Professor of Finance

135 Prospect Street

P.O. Box 208200

New Haven, CT 06520-8200

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

26

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Rank 556

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Top 556

in Total Papers Downloads

53,452

SSRN CITATIONS
Rank 124

SSRN RANKINGS

Top 124

in Total Papers Citations

1,450

CROSSREF CITATIONS

3,307

Scholarly Papers (26)

1.
Downloads 26,197 ( 126)
Citation 237

A Survey of Behavioral Finance

Number of pages: 77 Posted: 04 Oct 2002
Nicholas Barberis, Nicholas Barberis and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management and University of Chicago - Booth School of Business
Downloads 24,535 (138)
Citation 14

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behavioral finance, market efficiency, limits to arbitrage, psychology, investor behavior

A Survey of Behavioral Finance

NBER Working Paper No. w9222
Number of pages: 78 Posted: 19 Sep 2002 Last Revised: 14 Mar 2022
Nicholas Barberis, Nicholas Barberis and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management and University of Chicago - Booth School of Business
Downloads 1,662 (14,900)
Citation 1

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2.
Downloads 3,586 ( 4,335)
Citation 427

Prospect Theory and Asset Prices

Number of pages: 50 Posted: 22 Jul 1999
Nicholas Barberis, Nicholas Barberis, Ming Huang and Tano Santos
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia Business School
Downloads 3,383 (4,711)
Citation 16

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Prospect Theory and Asset Prices

NBER Working Paper No. w7220
Number of pages: 50 Posted: 30 Apr 2000 Last Revised: 26 Mar 2022
Nicholas Barberis, Nicholas Barberis, Ming Huang and Tano Santos
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia Business School
Downloads 203 (208,339)
Citation 65

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3.

Psychology and the Financial Crisis of 2007-2008

Number of pages: 16 Posted: 18 Jan 2011 Last Revised: 03 Sep 2011
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 3,115 (5,549)
Citation 24

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financial crisis, psychology, extrapolation, belief manipulation

4.
Downloads 2,806 ( 6,590)
Citation 106

Style Investing

Number of pages: 43 Posted: 23 Jan 2001
Nicholas Barberis, Nicholas Barberis and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management and Harvard University - Department of Economics
Downloads 2,645 (7,067)
Citation 105

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Style Investing

NBER Working Paper No. w8039
Number of pages: 42 Posted: 11 Dec 2000 Last Revised: 20 Jun 2022
Nicholas Barberis, Nicholas Barberis and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management and Harvard University - Department of Economics
Downloads 161 (255,276)

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5.
Downloads 2,258 ( 9,219)
Citation 53

Comovement

Number of pages: 45 Posted: 06 Apr 2002
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 1,636 (15,260)
Citation 14

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Comovement

NYU Working Paper No. S-DRP-03-18
Number of pages: 45 Posted: 05 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 287 (148,493)

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Comovement

NYU Working Paper No. S-DRP-01-19
Number of pages: 38 Posted: 07 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 126 (309,990)

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Comovement

NYU Working Paper No. FIN-01-064
Number of pages: 38 Posted: 03 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Je rey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and affiliation not provided to SSRN
Downloads 116 (329,286)

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Comovement

NBER Working Paper No. w8895
Number of pages: 43 Posted: 11 Apr 2002 Last Revised: 23 Apr 2022
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 93 (382,349)
Citation 12

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6.

Prospect Theory and Stock Returns: An Empirical Test

Review of Financial Studies, Forthcoming , AFA 2014 Philadelphia Meetings Paper
Number of pages: 56 Posted: 20 Nov 2014 Last Revised: 05 Oct 2016
Nicholas Barberis, Nicholas Barberis, Abhiroop Mukherjee and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 2,039 (10,958)
Citation 39

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prospect theory, loss aversion, probability weighting

7.
Downloads 1,559 ( 16,717)
Citation 4

Prospect Theory and Stock Market Anomalies

10th Miami Behavioral Finance Conference
Number of pages: 83 Posted: 08 Nov 2019 Last Revised: 17 Dec 2020
Nicholas Barberis, Nicholas Barberis, Lawrence J. Jin and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, SC Johnson College of Business, Cornell University and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,496 (17,427)
Citation 7

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prospect theory, loss aversion, probability weighting, cross-section

Prospect Theory and Stock Market Anomalies

NBER Working Paper No. w27155
Number of pages: 84 Posted: 18 May 2020 Last Revised: 19 Nov 2021
Nicholas Barberis, Nicholas Barberis, Lawrence J. Jin and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, SC Johnson College of Business, Cornell University and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 63 (478,143)
Citation 1

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Stocks as Lotteries: the Implications of Probability Weighting for Security Prices

AFA 2005 Philadelphia Meetings Paper
Number of pages: 49 Posted: 16 Jan 2005
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,031 (30,326)
Citation 31

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prospect theory, asset pricing, skewness, under-diversification

Stocks as Lotteries: The Implications of Probability Weighting for Security Prices

NBER Working Paper No. w12936
Number of pages: 50 Posted: 24 Feb 2007 Last Revised: 08 May 2022
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 121 (319,535)
Citation 91

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Investing for the Long Run When Returns are Predictable

Number of pages: 49 Posted: 04 Jan 2000
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 1,143 (26,081)
Citation 87

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Investing for the Long Run When Returns are Predictable

Posted: 04 Jan 2000
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management

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10.
Downloads 963 ( 33,874)

A Model of Investor Sentiment

NBER Working Paper No. w5926
Number of pages: 44 Posted: 08 Jul 2000 Last Revised: 13 Mar 2022
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 963 (33,393)
Citation 27

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A Model of Investor Sentiment

Posted: 19 Feb 1997
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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Psychology-based Models of Asset Prices and Trading Volume

Yale ICF Working Paper No. 2018-12
Number of pages: 99 Posted: 24 May 2018 Last Revised: 02 Aug 2019
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 871 (38,500)
Citation 37

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extrapolation, overconfidence, prospect theory, mispricing, bubbles, volume

Psychology-Based Models of Asset Prices and Trading Volume

NBER Working Paper No. w24723
Number of pages: 100 Posted: 18 Jun 2018 Last Revised: 22 Jul 2022
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 81 (416,279)
Citation 12

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What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Number of pages: 47 Posted: 13 Mar 2006
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 610 (61,715)
Citation 6

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disposition effect, prospect theory

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

NBER Working Paper No. w12397
Number of pages: 48 Posted: 03 Aug 2006 Last Revised: 18 May 2022
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 323 (131,104)
Citation 51

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Individual Preferences, Monetary Gambles and the Equity Premium

Number of pages: 49 Posted: 14 Oct 2003
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 765 (45,838)
Citation 1

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risk aversion, framing, loss aversion, stock market participation, equity premium

Individual Preferences, Monetary Gambles and the Equity Premium

NBER Working Paper No. w9997
Number of pages: 50 Posted: 28 Sep 2003 Last Revised: 27 Apr 2022
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 111 (339,822)

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14.
Downloads 870 ( 39,118)

A Model of Casino Gambling

Number of pages: 48 Posted: 07 May 2009 Last Revised: 22 Jun 2009
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 796 (43,507)

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gambling, prospect theory, time inconsistency, probability weighting

A Model of Casino Gambling

NBER Working Paper No. w14947
Number of pages: 45 Posted: 13 May 2009 Last Revised: 07 May 2022
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 74 (438,767)

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15.
Downloads 853 ( 40,172)
Citation 7

Richard Thaler and the Rise of Behavioral Economics

Yale ICF Working Paper No. 2018-03
Number of pages: 34 Posted: 07 Feb 2018 Last Revised: 02 Aug 2019
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 846 (40,044)
Citation 3

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endowment effect, prospect theory, mental accounting, nudge

Richard Thaler and the Rise of Behavioral Economics

The Scandinavian Journal of Economics, Vol. 120, Issue 3, pp. 661-684, 2018
Number of pages: 24 Posted: 13 Jul 2018
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 7 (850,941)

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Endowment effect, mental accounting, nudge, prospect theory

Using Neural Data to Test A Theory of Investor Behavior: An Application to Realization Utility

Journal of Finance, Forthcoming
Number of pages: 70 Posted: 23 Jul 2011 Last Revised: 22 May 2013
Cary Frydman, Nicholas Barberis, Nicholas Barberis, Colin Camerer, Peter Bossaerts and Antonio Rangel
University of Southern California - Marshall School of Business, National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology - Division of the Humanities and Social Sciences, University of Melbourne - Department of Finance and California Institute of Technology
Downloads 695 (52,160)
Citation 16

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neuroeconomics, trading, disposition effect, realization utility

Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility

NBER Working Paper No. w18562
Number of pages: 61 Posted: 22 Nov 2012 Last Revised: 21 Mar 2022
Cary Frydman, Nicholas Barberis, Nicholas Barberis, Colin Camerer, Peter Bossaerts and Antonio Rangel
University of Southern California - Marshall School of Business, National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology - Division of the Humanities and Social Sciences, University of Melbourne - Department of Finance and California Institute of Technology
Downloads 101 (362,515)
Citation 10

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17.

Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing

American Economic Review, Vol. 96, No. 4, September 2006
Number of pages: 33 Posted: 10 Jul 2006
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 769 (46,144)
Citation 57

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risk aversion, framing, loss aversion, stock market participation

Thirty Years of Prospect Theory in Economics: A Review and Assessment

Number of pages: 34 Posted: 18 Nov 2012
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 668 (54,914)
Citation 5

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prospect theory, loss aversion, probability weighting

Thirty Years of Prospect Theory in Economics: A Review and Assessment

NBER Working Paper No. w18621
Number of pages: 35 Posted: 15 Dec 2012 Last Revised: 20 May 2022
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 60 (490,097)
Citation 42

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The Loss Aversion/Narrow Framing Approach to the Equity Premium Puzzle

Number of pages: 36 Posted: 10 Jul 2006
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 331 (127,831)
Citation 1

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loss aversion, narrow framing, equity premium

The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle

NBER Working Paper No. w12378
Number of pages: 37 Posted: 26 Jul 2006 Last Revised: 29 Apr 2022
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 118 (325,307)
Citation 8

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20.

The Psychology of Tail Events: Progress and Challenges

Number of pages: 12 Posted: 12 Mar 2013
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 369 (114,080)
Citation 31

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tail event, probability weighting, prospect theory

Mental Accounting, Loss Aversion, and Individual Stock Returns

NBER Working Paper No. w8190
Number of pages: 57 Posted: 24 Mar 2001 Last Revised: 20 May 2022
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 248 (171,971)
Citation 22

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Mental Accounting, Loss Aversion, and Individual Stock Returns

Posted: 23 May 2001
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management

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22.

Extrapolation and Bubbles

NBER Working Paper No. w21944
Number of pages: 53 Posted: 01 Feb 2016 Last Revised: 18 Jun 2022
Nicholas Barberis, Nicholas Barberis, Robin M. Greenwood, Lawrence J. Jin and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, SC Johnson College of Business, Cornell University and Harvard University - Department of Economics
Downloads 243 (175,957)
Citation 50

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23.

Preferences with Frames: A New Utility Specification that Allows for the Framing of Risks

Number of pages: 39 Posted: 07 Jul 2007
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 239 (178,838)
Citation 19

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behavioral finance, diversification, equity premium, utility functions

24.

Realization Utility

NBER Working Paper No. w14440
Number of pages: 48 Posted: 27 Oct 2008 Last Revised: 17 Jun 2022
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 130 (301,620)
Citation 42

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X-Capm: An Extrapolative Capital Asset Pricing Model

NBER Working Paper No. w19189
Number of pages: 62 Posted: 29 Jun 2013 Last Revised: 08 Jun 2022
Nicholas Barberis, Nicholas Barberis, Robin M. Greenwood, Lawrence J. Jin and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, SC Johnson College of Business, Cornell University and Harvard University - Department of Economics
Downloads 101 (359,848)
Citation 71

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How Does Privatization Work? Evidence from the Russian Shops

NBER Working Paper No. w5136
Number of pages: 38 Posted: 25 May 2006 Last Revised: 16 Jul 2022
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group
Downloads 78 (425,711)
Citation 5

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How Does Privatization Work? Evidence from the Russian Shops

Posted: 28 Feb 1995
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group

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How Does Privatization Work? Evidence from the Russian Shops

J. OF POLITICAL ECONOMY Vol. 104 No. 4, August 1996
Posted: 15 Jul 1996
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group

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