Peter Bossaerts

University of Melbourne - Department of Finance

Professor

Faculty of Economics and Commerce

Department of Finance

Carlton, Victoria 3010

Australia

http://bmmlab.org

University of Cambridge

Trinity Ln

Cambridge, CB2 1TN

United Kingdom

  • University of Melbourne - Department of Finance

  • University of Cambridge

SCHOLARLY PAPERS

41

DOWNLOADS
Rank 5,555

SSRN RANKINGS

Top 5,555

in Total Papers Downloads

10,904

SSRN CITATIONS
Rank 5,855

SSRN RANKINGS

Top 5,855

in Total Papers Citations

91

CROSSREF CITATIONS

134

Scholarly Papers (41)

Actions:
Email selected abstracts
1.

Arbitrage-Based Pricing When Volatility is Stochastic

Caltech Social Science Working Paper 977
Number of pages: 41 Posted: 05 Sep 1996
Peter Bossaerts, Eric Ghysels and Christian Gourieroux
University of Melbourne - Department of Finance, University of North Carolina Kenan-Flagler Business School and University of Toronto - Department of Economics
Downloads 1,724 (14,360)
Citation 1

Abstract:

Loading...

2.

Price Discovery in Financial Markets: The Case of the CAPM

Social Science Working Paper No. 1032
Number of pages: 45 Posted: 07 Apr 2000
Peter Bossaerts, D. Kleiman and Charles R. Plott
University of Melbourne - Department of Finance, Lehman Brothers, New York and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 1,495 (17,825)
Citation 6

Abstract:

Loading...

Capital Asset Pricing Model (CAPM), Experimental Economics, Financial Markets, Equilibrium, Equilibration.

3.

Exploring the Nature of 'Trader Intuition'

Journal of Finance, Forthcoming, Swiss Finance Institute Research Paper No. 10-02
Number of pages: 102 Posted: 02 Jan 2010 Last Revised: 17 Jan 2010
Antoine Jean Bruguier, Steven R. Quartz and Peter Bossaerts
California Institute of Technology, California Institute of Technology and University of Melbourne - Department of Finance
Downloads 1,107 (27,876)
Citation 19

Abstract:

Loading...

4.

Equilibrium Asset Pricing Under Heterogeneous Information

Number of pages: 36 Posted: 09 Jun 2004
Bruno Biais, Peter Bossaerts and Chester S. Spatt
Centre for Economic Policy Research (CEPR), University of Melbourne - Department of Finance and Carnegie Mellon University - David A. Tepper School of Business
Downloads 886 (38,200)
Citation 25

Abstract:

Loading...

5.

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

Downloads 796 ( 44,186)
Citation 50

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 (52,265)
Citation 16

Abstract:

Loading...

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 (363,128)
Citation 10

Abstract:

Loading...

6.

Basic Principles of Asset Pricing Theory: Evidence from Large-Scale Experimental Financial Markets

Caltech HSS Working Paper
Number of pages: 48 Posted: 03 Oct 2000
Peter Bossaerts and Charles R. Plott
University of Melbourne - Department of Finance and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 683 (54,183)
Citation 14

Abstract:

Loading...

7.

Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments

Swiss Finance Institute Research Paper No. 07-05
Number of pages: 64 Posted: 08 May 2007
Peter Bossaerts, Charles R. Plott and William R. Zame
University of Melbourne - Department of Finance, California Institute of Technology - Division of the Humanities and Social Sciences and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 553 (70,856)
Citation 30

Abstract:

Loading...

experimental finance, experimental asset markets, risk aversion

8.

Asset Pricing and Asymmetric Reasoning

Swiss Finance Institute Research Paper No. 09-20
Number of pages: 64 Posted: 17 May 2009 Last Revised: 28 Nov 2014
Elena N. Asparouhova, Peter Bossaerts, Jon X. Eguia and William R. Zame
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance, Michigan State University - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 455 (89,833)
Citation 8

Abstract:

Loading...

asset pricing, ambiguity aversion, cognitive

9.

The Efficient Markets Hypothesis Does Not Hold When Securities Valuation Is Computationally Hard

Number of pages: 48 Posted: 02 Mar 2017
Shireen Tang, Shijie Huang, Elizabeth Bowman, Nitin Yadav, Carsten Murawski and Peter Bossaerts
University of Melbourne - Department of Finance, University of Melbourne - Department of Finance, University of Melbourne - Department of Finance, University of Melbourne - Department of Finance, University of Melbourne - Department of Finance and University of Melbourne - Department of Finance
Downloads 367 (114,991)

Abstract:

Loading...

Efficient Markets Hypothesis, Computational Complexity, Financial Markets, Grossman-Stiglitz Paradox, Hirshleifer Effect, Intellectual Discovery, Patents, Prediction Markets

10.

Has the Cross-Section of Average Returns Always Been the Same? Evidence from Germany, 1881-1913

Caltech Social Science Working Paper No. 1084
Number of pages: 29 Posted: 05 Apr 2001
Peter Bossaerts and Caroline Fohlin
University of Melbourne - Department of Finance and Emory University
Downloads 345 (123,097)
Citation 1

Abstract:

Loading...

Common stock returns, beta, momentum portfolio, selection bias

11.

Competition in Portfolio Management: Theory and Experiment

Number of pages: 47 Posted: 18 Mar 2010 Last Revised: 03 Dec 2012
Elena N. Asparouhova, Peter Bossaerts, Jernej Copic, Bradford Cornell, Jaksa Cvitanic and Debrah Meloso
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance, Yale University - Cowles Foundation, Anderson Graduate School of Management, UCLA, California Institute of Technology - Division of the Humanities and Social Sciences and Toulouse Business School - TBS Education
Downloads 274 (156,526)
Citation 4

Abstract:

Loading...

asset pricing, CAPM, delegated portfolio management, mutual fund flows, experimental finance

12.

Learning About Unstable, Publicly Unobservable Payoffs

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 14 May 2012 Last Revised: 22 Oct 2014
Elise Payzan-LeNestour and Peter Bossaerts
University of New South Wales and University of Melbourne - Department of Finance
Downloads 188 (223,637)
Citation 2

Abstract:

Loading...

Instability, Payoff observability, Complexity, Learning, Multi-armed bandit problem, Neurofinance

13.

Is Academic Finance Really that Wrong?

Number of pages: 11 Posted: 12 Feb 2018
Peter Bossaerts
University of Melbourne - Department of Finance
Downloads 174 (239,023)

Abstract:

Loading...

Finance theory, financial econometrics, financial markets, experimental finance

14.

Emotional Engagement and Trading Performance

Number of pages: 32 Posted: 04 Sep 2020
Peter Bossaerts, Felix Fattinger, Kristian Rotaru and Katherine Xu
University of Melbourne - Department of Finance, WU Vienna University of Economics and Business, Department of Accounting, Monash Business School and University of Melbourne
Downloads 155 (263,295)

Abstract:

Loading...

Financial Markets, Trading, Emotions, Bubbles and Crashes, Experimental Economics

15.

Modelling Price Pressure in Financial Markets

Number of pages: 26 Posted: 03 Jun 2004
Peter Bossaerts and Elena N. Asparouhova
University of Melbourne - Department of Finance and University of Utah - David Eccles School of Business
Downloads 140 (285,456)
Citation 1

Abstract:

Loading...

16.

Humans in Charge of Trading Robots: The First Experiment

Number of pages: 37 Posted: 28 Apr 2020
Elena N. Asparouhova, Peter Bossaerts, Kristian Rotaru, Tingxuan Wang, Nitin Yadav and Wenhao Yang
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance, Department of Accounting, Monash Business School, University of Melbourne, University of Melbourne - Department of Finance and Chinese University of Hong Kong, Shenzhen
Downloads 135 (293,582)
Citation 2

Abstract:

Loading...

Algorithmic Trading, Experimental Finance, Bubbles, Crashes, Human Robot Interaction

17.

The Speed of Information Revelation and Eventual Price Quality in Markets with Insiders: Comparing Two Theories

Review of Finance, Forthcoming
Number of pages: 34 Posted: 28 Nov 2012
Peter Bossaerts, Cary Frydman and John O. Ledyard
University of Melbourne - Department of Finance, University of Southern California - Marshall School of Business and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 127 (307,425)
Citation 3

Abstract:

Loading...

market microstruture, noisy rational expectations, experimental finance, Bayesian Nash equilibrium

18.

A Minute with Peter Bossaerts

Algorithmic Finance (2015), 4:1-2, 1-3
Number of pages: 4 Posted: 28 Jul 2015
Peter Bossaerts
University of Melbourne - Department of Finance
Downloads 122 (316,637)

Abstract:

Loading...

19.

Asset Pricing In a World of Imperfect Foresight

Number of pages: 37 Posted: 18 Jun 2020
Peter Bossaerts, Felix Fattinger, Frans van den Bogaerde and Wenhao Yang
University of Melbourne - Department of Finance, WU Vienna University of Economics and Business, affiliation not provided to SSRN and Chinese University of Hong Kong, Shenzhen
Downloads 119 (324,174)

Abstract:

Loading...

Rational Expectations, Perfect Foresight, Myopia, Experimental Finance

20.

Computational Complexity and Asset Pricing

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 47 Posted: 29 Oct 2019 Last Revised: 08 Apr 2020
Peter Bossaerts, Elizabeth Bowman, Felix Fattinger, Harvey Huang, Carsten Murawski, Anirudh Suthakar, Shireen Tang and Nitin Yadav
University of Melbourne - Department of Finance, University of Melbourne - Department of Finance, WU Vienna University of Economics and Business, University of Melbourne, University of Melbourne - Department of Finance, University of Melbourne - Department of Finance, University of Melbourne - Department of Finance and University of Melbourne - Department of Finance
Downloads 113 (334,200)
Citation 4

Abstract:

Loading...

Computational Complexity, Financial Markets, Market Design, Dissemination of Knowledge, Oracles

21.

Executing Complex Cognitive Tasks: Prizes vs. Markets

Number of pages: 40 Posted: 05 Mar 2007
Peter Bossaerts, Debrah Meloso and Jernej Copic
University of Melbourne - Department of Finance, Toulouse Business School - TBS Education and Yale University - Cowles Foundation
Downloads 113 (334,200)

Abstract:

Loading...

Intellectual Discovery, Markets, Computation, non-Bayesian Learning

22.

Costly Information Acquisition in Decentralized Markets: An Experiment

Number of pages: 45 Posted: 01 Dec 2017 Last Revised: 20 Apr 2019
Elena N. Asparouhova, Peter Bossaerts and Wenhao Yang
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance and Chinese University of Hong Kong, Shenzhen
Downloads 106 (349,116)
Citation 4

Abstract:

Loading...

Decentralized Markets, Experiment, Experimental Finance, Information Acquisition

23.

Modelling Asset Prices under Heterogeneous Beliefs

Number of pages: 28 Posted: 16 Oct 2019 Last Revised: 27 Jul 2020
Ryan Anderson and Peter Bossaerts
University of Melbourne - Department of Finance and University of Melbourne - Department of Finance
Downloads 100 (362,810)

Abstract:

Loading...

Perfect Foresight, Rational Expectations Equilibrium, Heterogeneous Beliefs, Higher-Order Beliefs

24.

Surveying the Use of Pharmaceutical Cognitive Enhancers in the Australian Financial Services Industry

Number of pages: 24 Posted: 23 Sep 2020
Elizabeth Bowman, Bosco Feng, Carsten Murawski and Peter Bossaerts
University of Melbourne - Department of Finance, University of Melbourne, Department of Finance, Students, University of Melbourne - Department of Finance and University of Melbourne - Department of Finance
Downloads 91 (384,984)

Abstract:

Loading...

Nootropics, Workplace, Cognitive Enhancers, Survey, Finance

25.

How Information Structure Impacts Aggregation of Information in Markets

Number of pages: 71 Posted: 29 Jun 2020
Ryan Anderson, Peter Bossaerts and Felix Fattinger
University of Melbourne - Department of Finance, University of Melbourne - Department of Finance and WU Vienna University of Economics and Business
Downloads 87 (395,700)

Abstract:

Loading...

26.

The Affective Impact of Financial Skewness on Neural Activity and Choice

PLoS ONE, Vol. 6, No. 2, February 2011
Number of pages: 7 Posted: 17 Feb 2011 Last Revised: 22 Feb 2011
Charlene C. Wu, Peter Bossaerts and Brian Knutson
Stanford University - Department of Psychology, University of Melbourne - Department of Finance and Stanford University - Department of Psychology
Downloads 85 (401,271)
Citation 1

Abstract:

Loading...

neuroeconomics, fmri, nucleus accumbens, insula, decision-making, affect, finance, gain, loss, reward, punishment, human

27.

Price Formation in Multiple, Simultaneous Continuous Double Auctions, with Implications for Asset Pricing

Number of pages: 64 Posted: 04 May 2016 Last Revised: 27 Jul 2020
Elena N. Asparouhova, Peter Bossaerts and John O. Ledyard
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 82 (409,842)
Citation 1

Abstract:

Loading...

Continuous Double Auction, Walrasian Equilibrium, Marshallian Equilibration, Experimental Economics, Asset Pricing Theory.

28.

Equilibration Under Competition in Smalls: Theory and Experimental Evidence

EFA 2006 Zurich Meetings
Number of pages: 46 Posted: 12 Aug 2006
Peter Bossaerts
University of Melbourne - Department of Finance
Downloads 81 (412,720)

Abstract:

Loading...

Asset pricing, experimental economics, equilibration, walrasian equilibrium, portfolio allocation

29.

Arbitrage Opportunities: Anatomy and Remediation

Number of pages: 42 Posted: 25 Jun 2018
Peter Bossaerts, Jason Shachat and Kuangli Xie
University of Melbourne - Department of Finance, Durham University and Southern Methodist University (SMU) - Department of Economics
Downloads 78 (421,871)

Abstract:

Loading...

Limits of arbitrage, Experimental asset markets, Market capitilization

30.

Spatiotemporal Brain Signatures of Risk and Reward

Number of pages: 35 Posted: 29 Aug 2016 Last Revised: 31 Aug 2016
Anjali Nursimulu, Ulrike Toepel, Peter Bossaerts and Micah Murray
Ecole Polytechnique Fédérale de Lausanne, Independent, University of Melbourne - Department of Finance and University of Lausanne - The LINE (Laboratory for Investigative Neurophysiology)
Downloads 39 (578,226)

Abstract:

Loading...

Decision-making under risk, Mean-risk theory, Electroencephalography, Event-related potential, PARAFAC

31.

Pairing Multi-Market Theory with Experiments

Forthcoming, Handbook of Experimental Finance, Sascha Füllbrunn and Ernan Haruvy (eds), Edward Elgar Publishing
Number of pages: 22 Posted: 27 Dec 2021 Last Revised: 10 Jan 2022
Elena N. Asparouhova, Peter Bossaerts and Sean Crockett
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance and Chapman University
Downloads 37 (589,005)

Abstract:

Loading...

asset pricing, general equilibrium, laboratory experiment, markets, Pareto efficiency, classroom experiment

32.

The Experimental Study of Asset Pricing Theory

Foundations and Trends in Finance, Vol. 3, No. 4, pp. 289-361, 2009
Number of pages: 75 Posted: 15 Jun 2010
Peter Bossaerts
University of Melbourne - Department of Finance
Downloads 20 (702,672)
  • Add to Cart

Abstract:

Loading...

asset pricing theory, experimental economics, competitive equilibrium, risk aversion

33.

'Lucas' in the Laboratory

NBER Working Paper No. w19068
Number of pages: 52 Posted: 25 May 2013 Last Revised: 08 Aug 2022
Elena N. Asparouhova, Peter Bossaerts, Nilanjan Roy and William R. Zame
University of Utah - David Eccles School of Business, University of Melbourne - Department of Finance, California Institute of Technology and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 14 (753,173)
Citation 4

Abstract:

Loading...

34.

Equilibrium of Real Financial Markets: Theory and Experimental Evidence

Number of pages: 30 Posted: 14 Dec 2004
Peter Bossaerts
University of Melbourne - Department of Finance
Downloads 13 (762,342)
  • Add to Cart

Abstract:

Loading...

Financial markets, equilibration, CAPM, portfolio separation, optimal portfolios, experimental finance

35.

Excessive Volatility Is Also a Feature of Individual Level Forecasts

Journal of Behavioral Finance doi: 10.1080/15427560.2014.877016
Posted: 29 Aug 2016 Last Revised: 01 Mar 2017
Anjali Nursimulu and Peter Bossaerts
Ecole Polytechnique Fédérale de Lausanne and University of Melbourne - Department of Finance

Abstract:

Loading...

Excess volatility, Financial prediction, Reinforcement Learning, Least-squares learning, Learning biases

36.

Risk and Reward Preferences Under Time Pressure

Review of Finance doi:10.1093/rof/rft013
Posted: 29 Aug 2016 Last Revised: 01 Mar 2017
Anjali Nursimulu and Peter Bossaerts
Ecole Polytechnique Fédérale de Lausanne and University of Melbourne - Department of Finance

Abstract:

Loading...

37.

What Decision Neuroscience Teaches Us About Financial Decision Making

Posted: 04 Jun 2010
Peter Bossaerts
University of Melbourne - Department of Finance

Abstract:

Loading...

38.

'Preface to' Lectures on Corporate Finance (Second Edition)

Lectures on Corporate Finance
Posted: 02 Oct 2009
Peter Bossaerts and Bernt Arne Ødegaard
University of Melbourne - Department of Finance and University of Stavanger

Abstract:

Loading...

Introductory Finance, Corporate Finance, Valuation, State-Price Probabilities, Equivalent Martingale Measure, Risk Neutral Measure, Net Present Value, Discounted Cash Flows, Capital Structure, Dividends

39.

Time Series Analysis of Inefficient Financial Markets

Posted: 24 Oct 1999
Peter Bossaerts
University of Melbourne - Department of Finance

Abstract:

Loading...

40.

Implementing Statistical Criteria to Select Return Forecasting Models: What Do We Learn?

Posted: 26 Dec 1998
Peter Bossaerts and Pierre Hillion
University of Melbourne - Department of Finance and INSEAD - Finance

Abstract:

Loading...

41.

Martingale Restrictions on Equilibrium Prices of Arrow-Debreu Securities Under Rational Expectations and Consistent Beliefs

Caltech Social Science Working Paper #958
Posted: 05 Jul 1998
Peter Bossaerts
University of Melbourne - Department of Finance

Abstract:

Loading...

Other Papers (1)

Total Downloads: 19
Actions:
Email selected abstracts
1.

Dynamically Complete Experimental Asset Markets

EFA 2008 Athens Meetings Paper
Number of pages: 43 Posted: 09 Mar 2008
Peter Bossaerts, Debrah Meloso and William R. Zame
University of Melbourne - Department of Finance, Toulouse Business School - TBS Education and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 19

Abstract:

Loading...

Dynamic completeness, state-price probabilities, market experiment