Kelly Shue

Yale School of Management

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

15

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CITATIONS
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51

Scholarly Papers (15)

A Tough Act to Follow: Contrast Effects in Financial Markets

Number of pages: 61 Posted: 03 Jun 2015 Last Revised: 22 Mar 2018
Samuel M. Hartzmark and Kelly Shue
University of Chicago - Booth School of Business and Yale School of Management
Downloads 1,588 (9,199)

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contrast effects, behavioral economics, relative thinking, financial markets

A Tough Act to Follow: Contrast Effects in Financial Markets

NBER Working Paper No. w23883
Number of pages: 62 Posted: 02 Oct 2017
Samuel M. Hartzmark and Kelly Shue
University of Chicago - Booth School of Business and Yale School of Management
Downloads 8 (568,444)
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How Do Quasi-Random Option Grants Affect CEO Risk-Taking?

Journal of Finance, Forthcoming, Chicago Booth Research Paper No. 13-03, Fama-Miller Working Paper
Number of pages: 52 Posted: 06 Feb 2013 Last Revised: 11 Jan 2017
Kelly Shue and Richard R. Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 1,566 (9,401)

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Executive compensation, Incentives, Risk-taking, Pay-for-performance

How Do Quasi-Random Option Grants Affect CEO Risk-Taking?

NBER Working Paper No. w23091
Posted: 30 Jan 2017
Kelly Shue and Richard Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 8 (568,444)
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3.

Do Managers Do Good with Other Peoples' Money?

AFA 2013 San Diego Meetings Paper, Fama-Miller Working Paper, UCD & CalPERS Sustainability & Finance Symposium 2013, Chicago Booth Research Paper No. 12-47
Number of pages: 73 Posted: 20 Nov 2011 Last Revised: 14 May 2016
Dartmouth College - Tuck School of Business, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Yale School of Management
Downloads 1,524 (4,805)
Citation 9

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corporate social responsibility, agency costs

4.
Downloads 1,457 ( 10,772)
Citation 1

No News Is News: Do Markets Underreact to Nothing?

Chicago Booth Research Paper No. 12-41, Fama-Miller Working Paper, Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 73 Posted: 01 Sep 2012 Last Revised: 11 Sep 2014
Stefano Giglio and Kelly Shue
Yale School of Management and Yale School of Management
Downloads 1,446 (10,672)
Citation 1

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limited attention, no news, underreaction, merger arbitrage, hazard rates

No News is News: Do Markets Underreact to Nothing?

NBER Working Paper No. w18914
Posted: 22 Mar 2013
Stefano Giglio and Kelly Shue
Yale School of Management and Yale School of Management
Downloads 11 (550,790)
Citation 1

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5.

Executive Networks and Firm Policies: Evidence from the Random Assignment of MBA Peers

Chicago Booth Research Paper No. 11-46, Fama-Miller Working Paper
Number of pages: 62 Posted: 15 Dec 2011 Last Revised: 30 Jan 2013
Kelly Shue
Yale School of Management
Downloads 867 (20,055)
Citation 18

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Networks, Peer Effects, Executive Compensation, M&A

6.

Screening in New Credit Markets: Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending?

AFA 2011 Denver Meetings Paper
Number of pages: 42 Posted: 15 Mar 2010
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Harvard University - Harvard Kennedy School (HKS), Dartmouth College and Yale School of Management
Downloads 743 (6,849)
Citation 6

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Peer-to-peer credit markets, Market-based Lending, Screening, Market Inference, Information and Hierarchies.

7.

Growth Through Rigidity: An Explanation for the Rise in CEO Pay

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 52 Posted: 15 Apr 2014 Last Revised: 22 Mar 2016
Kelly Shue and Richard R. Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 497 (26,022)

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money illusion, executive compensation, CEOs, rigidity

8.
Downloads 361 ( 74,179)

Promotions and the Peter Principle

Number of pages: 55 Posted: 04 Oct 2017 Last Revised: 02 Mar 2018
Alan Benson, Danielle Li and Kelly Shue
University of Minnesota - Twin Cities - Carlson School of Management, Massachusetts Institute of Technology (MIT) and Yale School of Management
Downloads 325 (83,434)

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Peter Principle, Incentives, Promotions

Promotions and the Peter Principle

NBER Working Paper No. w24343
Number of pages: 56 Posted: 21 Feb 2018
Alan Benson, Danielle Li and Kelly Shue
University of Minnesota - Twin Cities - Carlson School of Management, Massachusetts Institute of Technology (MIT) and Yale School of Management
Downloads 36 (413,971)
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Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes

KSG Working Paper No. RWP06-048, IZA Discussion Paper No. 2451
Number of pages: 48 Posted: 17 Nov 2006
Erzo F. P. Luttmer and Kelly Shue
Dartmouth College and Yale School of Management
Downloads 93 (256,652)
Citation 3

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bounded rationality, voting mistakes, ballot design, voting technology, voter intent, electoral systems, electoral reform

Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes

NBER Working Paper No. w12709
Number of pages: 48 Posted: 20 Nov 2006 Last Revised: 06 Apr 2007
Kelly Shue and Erzo F. P. Luttmer
Yale School of Management and Dartmouth College
Downloads 27 (455,661)
Citation 3

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10.

Screening Peers Softly: Inferring the Quality of Small Borrowers

NBER Working Paper No. w15242
Number of pages: 62 Posted: 18 Aug 2009 Last Revised: 29 Oct 2014
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Harvard University - Harvard Kennedy School (HKS), Dartmouth College and Yale School of Management
Downloads 59 (267,583)
Citation 5

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Decision-Making Under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

NBER Working Paper No. w22026
Number of pages: 61 Posted: 01 Mar 2016 Last Revised: 14 Apr 2016
Toulouse School of Economics / Institute for Advanced Study / University of Toulouse, Yale University, Yale SOM and Yale School of Management
Downloads 30 (440,442)

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Decision-Making Under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires

QJE, Vol.131, No.3, 2016, • Featured in The Washington Post, NPR, U.S. News & World Report, Bloomberg View, NBER Digest, Marginal Revolution, Money Talks, Big Think, Wirtschafts Woche, and Chicago Booth Capital Ideas, 2015, • Best Paper Award, Utah Redrock Finance Conf. Oliver Williamson Best Con Finalist, SIOE, 2015,
Posted: 22 Jun 2015 Last Revised: 28 May 2017
Toulouse School of Economics / Institute for Advanced Study / University of Toulouse, Yale University, Yale SOM and Yale School of Management

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gambler's fallacy, law of small numbers, decision-making

12.

Do Managers Do Good with Other People's Money?

NBER Working Paper No. w19432
Number of pages: 42 Posted: 14 Sep 2013
Dartmouth College - Tuck School of Business, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Yale School of Management
Downloads 13 (458,624)
Citation 9

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13.

Growth Through Rigidity: An Explanation for the Rise in CEO Pay

NBER Working Paper No. w21975
Number of pages: 53 Posted: 08 Feb 2016
Kelly Shue and Richard R. Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 9 (539,324)

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14.

Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets

Number of pages: 61 Posted: 26 Mar 2018 Last Revised: 20 Apr 2018
Kelly Shue and Richard Townsend
Yale School of Management and University of California, San Diego (UCSD) - Rady School of Management
Downloads 0 (144,368)

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Non-Proportional Thinking, Nominal Prices, Leverage Effect, Volatility, Underreaction, Overreaction

15.

Leverage-Induced Fire Sales and Stock Market Crashes

Number of pages: 67 Posted: 04 Oct 2017
Jiangze Bian, Zhiguo He, Kelly Shue and Hao Zhou
University of International Business and Economics, University of Chicago - Finance, Yale School of Management and Tsinghua University - PBC School of Finance
Downloads 0 (78,714)

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Fire Sales, Leverage, Financial Crisis, Margin Trading, Shadow Financing