Tyler Shumway

University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Associate Professor of Finance

701 Tappan Street

Ann Arbor, MI MI 48109

United States

http://www.umich.edu/~shumway

SCHOLARLY PAPERS

18

DOWNLOADS
Rank 489

SSRN RANKINGS

Top 489

in Total Papers Downloads

31,144

CITATIONS
Rank 469

SSRN RANKINGS

Top 469

in Total Papers Citations

991

Scholarly Papers (18)

1.

Can Individual Investors Beat the Market?

HBS Finance Working Paper No. 04-025, Harvard NOM Working Paper No. 02-45
Number of pages: 39 Posted: 06 Jan 2003
Harvard Business School - Finance Unit, University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 8,602 (350)
Citation 55

Abstract:

Individual Investors, Market Efficiency, Performance Persistence

2.

Forecasting Default with the KMV-Merton Model

AFA 2006 Boston Meetings Paper
Number of pages: 36 Posted: 31 Dec 2004
Sreedhar T. Bharath and Tyler Shumway
Arizona State University - W.P. Carey School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 6,616 (524)
Citation 177

Abstract:

Default, Merton Model

Forecasting Bankruptcy More Accurately: A Simple Hazard Model

Number of pages: 33 Posted: 12 Aug 1999
Tyler Shumway
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 4,862 (1,054)
Citation 309

Abstract:

Forecasting Bankruptcy More Accurately: A Simple Hazard Model

Journal of Business
Posted: 12 Aug 1999
Tyler Shumway
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Abstract:

4.
Downloads 2,675 ( 3,110)
Citation 123

Good Day Sunshine: Stock Returns and the Weather

Dice Center Working Paper No. 2001-3
Number of pages: 31 Posted: 17 Apr 2001
David A. Hirshleifer and Tyler Shumway
University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 2,675 (3,039)
Citation 123

Abstract:

Good Day Sunshine: Stock Returns and the Weather

Journal of Finance, Vol. 58, pp. 1009-1032, June 2003
Posted: 22 Jul 2003
David A. Hirshleifer and Tyler Shumway
University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Abstract:

5.
Downloads 1,681 ( 6,956)
Citation 120

Expected Option Returns

Number of pages: 35 Posted: 05 Nov 1999
Tyler Shumway and Joshua D. Coval
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and Harvard Business School - Finance Unit
Downloads 1,681 (6,804)
Citation 120

Abstract:

Expected Option Returns

Journal of Finance
Posted: 16 Oct 2000
Joshua D. Coval and Tyler Shumway
Harvard Business School - Finance Unit and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Abstract:

6.
Downloads 1,634 ( 7,323)
Citation 54

Learning By Trading

Number of pages: 49 Posted: 20 Mar 2006 Last Revised: 14 May 2014
Amit Seru, Tyler Shumway and Noah Stoffman
Stanford University, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,634 (7,172)
Citation 54

Abstract:

Learning, Behavioral Biases, Disposition Effect, Individual Investor Performance

Learning by Trading

The Review of Financial Studies, Vol. 23, Issue 2, pp. 705-739, 2009
Posted: 01 Feb 2010
Amit Seru, Tyler Shumway and Noah Stoffman
Stanford University, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and Indiana University - Kelley School of Business - Department of Finance

Abstract:

D10, G10

7.

Do Behavioral Biases Affect Prices?

EFA 2001 Barcelona Meetings
Number of pages: 35 Posted: 15 May 2001
Joshua D. Coval and Tyler Shumway
Harvard Business School - Finance Unit and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 958 (16,557)
Citation 93

Abstract:

Loss Aversion

8.

Explaining Returns with Loss Aversion

Number of pages: 33 Posted: 10 Feb 1998
Tyler Shumway
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 598 (32,081)
Citation 13

Abstract:

9.

Can Individual Investors Time Bubbles?

Georgia Tech Scheller College of Business Research Paper No. 2015-12
Number of pages: 49 Posted: 11 Jul 2014 Last Revised: 26 Jun 2016
Jussi Keppo, Tyler Shumway and Daniel Weagley
National University of Singapore - NUS Business School, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 480 (35,149)

Abstract:

Market timing, bubbles, market crashes

10.

Peer Effects in Risk Aversion and Trust

Review of Financial Studies, 2014, vol. 27(11): 3213-3240.
Number of pages: 69 Posted: 16 Jun 2012 Last Revised: 30 Mar 2016
Kenneth R. Ahern, Ran Duchin and Tyler Shumway
University of Southern California - Marshall School of Business, University of Washington - Michael G. Foster School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 399 (42,660)

Abstract:

Peer effects, risk aversion, trust

11.

Is Sound Just Noise?

EFA 0244; University of Michigan Business School Working Paper No. 98024
Number of pages: 34 Posted: 20 Apr 1999
Joshua D. Coval and Tyler Shumway
Harvard Business School - Finance Unit and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 364 (60,263)
Citation 22

Abstract:

12.

Investor Sophistication and the Home Bias, Diversification, and Employer Stock Puzzles

Number of pages: 29 Posted: 19 Mar 2010
Miles S. Kimball and Tyler Shumway
University of Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 291 (61,422)
Citation 24

Abstract:

Investor Sophistication, Household Finance

13.

Pornography and Divorce

7th Annual Conference on Empirical Legal Studies Paper
Number of pages: 39 Posted: 18 Jul 2012 Last Revised: 28 Sep 2013
Tyler Shumway and Robert Daines
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and Stanford Law School
Downloads 224 (81,144)

Abstract:

14.

Pricing Kernel Monotonicity and Conditional Information

Number of pages: 50 Posted: 24 Jan 2014 Last Revised: 05 Aug 2015
Matthew Linn, Sophie Shive and Tyler Shumway
Isenberg School of Management, University of Massachusetts, University of Notre Dame - Department of Finance and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business
Downloads 100 (139,480)
Citation 1

Abstract:

15.

Portfolio Rebalancing in General Equilibrium

Number of pages: 39 Posted: 22 Jul 2011
University of Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor - Department of Economics, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and University of Michigan at Ann Arbor
Downloads 75 (233,228)

Abstract:

rebalancing, portfolio theory, overlapping generations

16.

Forecasting Default with the Merton Distance to Default Model

The Review of Financial Studies, Vol. 21, Issue 3, pp. 1339-1369, 2008
Posted: 02 Jul 2008
Sreedhar T. Bharath and Tyler Shumway
Arizona State University - W.P. Carey School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Abstract:

G12, G13, G33

17.

The Delisting Bias in CRSP's Nasdaq Data and its Implications for Interpretation of the Size Effect

Posted: 17 Sep 1997
Tyler Shumway and Vincent A. Warther
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and Compass Lexecon

Abstract:

18.

Size, Overreaction, and Book-to-Market Effects as Default Premia

Posted: 18 Dec 1996
Tyler Shumway
University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Abstract: