Yehuda (Yud) Izhakian

City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance

17 Lexington Avenue

New York, NY 10010

United States

http://people.stern.nyu.edu/yizhakia/

SCHOLARLY PAPERS

27

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CITATIONS
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62

Scholarly Papers (27)

1.

Asset Pricing and Ambiguity: Empirical Evidence

NYU Working Paper No. 2451/31453
Number of pages: 57 Posted: 31 Jan 2012 Last Revised: 29 Nov 2017
Menachem Brenner and Yehuda (Yud) Izhakian
New York University (NYU) - Department of Finance and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 1,772 (8,721)
Citation 5

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Ambiguity aversion, Ambiguity measurement, Knightian uncertainty, Equity premium

2.
Downloads 1,252 ( 15,189)
Citation 2

Pricing Stock Options with Stochastic Interest Rate

NYU Working Paper No. 2451/30272
Number of pages: 46 Posted: 15 Oct 2011
Menachem (Meni) Abudy and Yehuda (Yud) Izhakian
Bar-Ilan University - Graduate School of Business Administration and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 889 (24,919)
Citation 2

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Option, call option, put option, stochastic interest rate, term structure of interest rates, Black and Scholes, put-call parity

Pricing Stock Options with Stochastic Interest Rate

Number of pages: 46 Posted: 03 Oct 2011
Menachem (Meni) Abudy and Yehuda (Yud) Izhakian
Bar-Ilan University - Graduate School of Business Administration and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 363 (79,810)

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Option, call option, put option, put-call parity, stochastic interest rate

3.
Downloads 1,113 ( 18,183)
Citation 9

Capital Asset Pricing Under Ambiguity

NYU Working Paper No. 2451/31464
Number of pages: 35 Posted: 20 Feb 2012 Last Revised: 10 Sep 2013
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 655 (37,938)

Abstract:

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Shadow Theory, Ambiguity, Ambiguity Measure, Uncertainty Measure, Ambiguity premium, mean-variance, mean-uncertainty, Capital Market Line (CML), Capital Asset Pricing Model (CAPM)

Capital Asset Pricing Under Ambiguity

Number of pages: 45 Posted: 13 Mar 2012 Last Revised: 08 Oct 2012
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 458 (60,390)
Citation 12

Abstract:

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Ambiguity Measure, Uncertainty Measure, Ambiguity premium, Mean-variance, Mean-uncertainty, Capital Market Line (CML), Capital Asset Pricing Model (CAPM).

4.
Downloads 964 ( 22,493)

Ambiguity Measurement

Number of pages: 41 Posted: 11 Jan 2012 Last Revised: 09 Jul 2012
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 503 (53,609)

Abstract:

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Ambiguity Measure, Ambiguity Aversion, Ambiguity Premium, Choquet Expected Utility, Cumulative Prospect Theory, Ellsberg Paradox, Knightian Uncertainty, Random Probabilities.

Ambiguity Measurement

NYU Working Paper No. 2451/31436
Number of pages: 43 Posted: 13 Jan 2012 Last Revised: 10 Sep 2013
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 461 (59,909)

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ambiguity, ambiguity measure, ambiguity aversion, knightian uncertainty, shadow probability theory, choquet expected utility, cumulative prospect theory, ellsber paradox, ambiguity premium

5.

A Theoretical Foundation of Ambiguity Measuremet

Number of pages: 42 Posted: 20 Dec 2014 Last Revised: 20 Jul 2017
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 790 (29,864)
Citation 9

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Ambiguity Measure, Ambiguity Aversion, Knightian Uncertainty, Uncertain Probabilities, Ambiguity Premium

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

NYU Working Paper
Number of pages: 51 Posted: 15 Oct 2011
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 340 (86,190)

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risk, uncertainty, lehman’s default, leverage, financial intermediaries, bailouts, duration mismatches

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Paolo Baffi Centre Research Paper No. 2011-104
Number of pages: 52 Posted: 20 Jul 2011
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 335 (87,590)
Citation 5

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Risk, Uncertainty, Lehman’s default, Leverage, Financial intermediaries, Bailouts, Duration mismatches

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

CEPR Discussion Paper No. DP8453
Number of pages: 54 Posted: 20 Jul 2011
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 1 (675,851)
Citation 4
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Ambiguity Aversion, Bailouts, Duration mismatches, Financial intermediaries, Lehman's Collapse, Leverage, Risk, Uncertainty

7.
Downloads 665 ( 37,781)
Citation 4

Ambiguity and Overconfidence

Number of pages: 49 Posted: 02 Mar 2011 Last Revised: 01 Aug 2015
Menachem Brenner, Yehuda (Yud) Izhakian and Orly Sade
New York University (NYU) - Department of Finance, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and Hebrew University of Jerusalem - Department of Finance
Downloads 665 (37,205)
Citation 5

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Ambiguity Aversion, Familiarity, Overconfidence

Ambiguity and Overconfidence

NYU Working Paper No. 2451/31332
Posted: 26 Jun 2013
Menachem Brenner, Yehuda (Yud) Izhakian and Orly Sade
New York University (NYU) - Department of Finance, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and Hebrew University of Jerusalem - Department of Finance

Abstract:

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8.

Ambiguity, Volatility, and Credit Risk

Review of Financial Studies, Forthcoming
Number of pages: 86 Posted: 07 May 2016 Last Revised: 19 Apr 2019
Patrick Augustin and Yehuda (Yud) Izhakian
McGill University, Desautels Faculty of Management and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 607 (42,624)
Citation 3

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CDS, Derivatives, Heterogeneous Agents, Insurance, Knightian uncertainty, Risk aversion

9.

The Uncertainty Premium in an Ambiguous Economy

Number of pages: 44 Posted: 12 Dec 2006 Last Revised: 28 May 2012
Yehuda (Yud) Izhakian and Simon Benninga
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and Tel Aviv University - Faculty of Management
Downloads 601 (43,239)
Citation 20

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Ambiguity, risk aversion, ambiguity aversion, uncertainty, utility

10.

Ambiguity and the Tradeoff Theory of Capital Structure

Number of pages: 43 Posted: 21 Nov 2016 Last Revised: 20 May 2017
Yehuda (Yud) Izhakian, David Yermack and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, New York University (NYU) - Stern School of Business and University of Colorado at Boulder - Department of Finance
Downloads 517 (52,417)

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Capital Structure, Ambiguity measure, Ambiguity aversion

11.

Shadow Probability Theory for Asset Pricing under Ambiguity

Number of pages: 58 Posted: 03 Oct 2011 Last Revised: 05 Oct 2011
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 447 (62,848)
Citation 2

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Ambiguity, Ambiguity Measure, Ambiguity Aversion, Uncertainty, Knightian Uncertainty, Prospect Theory

12.

Ambiguity, Risk, and Payout Policy

Number of pages: 54 Posted: 06 Jun 2017 Last Revised: 17 Mar 2018
Richard Herron and Yehuda (Yud) Izhakian
Northeastern University and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 411 (69,565)

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Ambiguity, Knightian Uncertainty, Dividends, Share Repurchases

13.

Decision Making in Phantom Spaces

Number of pages: 39 Posted: 24 Oct 2011 Last Revised: 05 Mar 2012
Yehuda (Yud) Izhakian and Zur Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and Bar-Ilan University
Downloads 410 (69,772)
Citation 8

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Phantom probability measure, Phantom spaces, Decision making, Subjective probability, Risk, Ambiguity, Uncertainty, Ellsberg paradox

14.

Pricing Systematic Ambiguity in Capital Markets

NYU Working Paper No. 2451/31587
Number of pages: 28 Posted: 28 Jul 2012 Last Revised: 10 Sep 2013
Menachem Brenner and Yehuda (Yud) Izhakian
New York University (NYU) - Department of Finance and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 397 (72,515)
Citation 2

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15.

Does Ambiguity Diversification Pay?

Number of pages: 28 Posted: 24 Jul 2012
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 334 (88,502)
Citation 2

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Ambiguity, Ambiguity Measure, Risk, Uncertainty, Knightian Uncertainty, Random Probabilities

Risk, Ambiguity, and the Exercise of Employee Stock Options

Number of pages: 44 Posted: 10 Mar 2014 Last Revised: 18 May 2016
Yehuda (Yud) Izhakian and David Yermack
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and New York University (NYU) - Stern School of Business
Downloads 318 (92,885)

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Ambiguity aversion, Employee stock options

Risk, Ambiguity, and the Exercise of Employee Stock Options

NBER Working Paper No. w19975
Number of pages: 33 Posted: 19 Mar 2014
Yehuda (Yud) Izhakian and David Yermack
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and New York University (NYU) - Stern School of Business
Downloads 14 (571,899)
Citation 6

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17.

Does Ambiguity Diversification Pay?

NYU Working Paper No. 2451/31586
Number of pages: 28 Posted: 26 Jul 2012
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 307 (97,123)

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Ambiguity, Ambiguity Measure, Risk, Uncertainty, Knightian Uncertainty, Random Probabilities

18.

Initial Public Offerings Under Ambiguity

Number of pages: 43 Posted: 20 Mar 2014 Last Revised: 19 Dec 2014
Yehuda (Yud) Izhakian and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Colorado at Boulder - Department of Finance
Downloads 241 (125,316)

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Ambiguity, Ambiguity measure, Ambiguity aversion, IPO underpricing

19.

An Experimental Test of the Lucas Asset Pricing Model

Number of pages: 81 Posted: 06 May 2010 Last Revised: 10 May 2018
Sean Crockett, John Duffy and Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, University of California, Irvine and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 206 (145,834)
Citation 6

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Experiment, Asset Pricing, Bubble, Disequilibrium

20.

Ambiguity and Disclosure in The Principal-Agent Model

Number of pages: 35 Posted: 30 Nov 2017
Yehuda (Yud) Izhakian and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Colorado at Boulder - Department of Finance
Downloads 185 (161,069)
Citation 2

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principal-agent, ambiguity, optimism, pessimism, disclosure

21.

Expected Utility with Uncertain Probabilities Theory

Number of pages: 34 Posted: 19 Dec 2014 Last Revised: 08 Nov 2017
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 176 (168,493)
Citation 14

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Ambiguity Aversion, Ambiguity Measurement, Choquet Expected Utility, Cumulative Prospect Theory, Knightian Uncertainty.

22.

Asset Prices and Ambiguity

NYU Working Paper No. 2451/31330
Number of pages: 36 Posted: 26 Jun 2013
Menachem Brenner and Yehuda (Yud) Izhakian
New York University (NYU) - Department of Finance and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 135 (210,330)

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23.

Ambiguity and Beliefs in the Principal-Agent Model

Baruch College Zicklin School of Business Research Paper No. 2018-09-02
Number of pages: 43 Posted: 31 Aug 2018 Last Revised: 28 Sep 2018
Yehuda (Yud) Izhakian and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Colorado at Boulder - Department of Finance
Downloads 36 (435,410)

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Principal-agent, Ambiguity, Knightian uncertainty, Beliefs, Disclosure

24.

Ambiguity and the Tradeoff Theory of Capital Structure

NBER Working Paper No. w22870
Number of pages: 44 Posted: 22 Dec 2016
Yehuda (Yud) Izhakian, David Yermack and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, New York University (NYU) - Stern School of Business and University of Colorado at Boulder - Department of Finance
Downloads 16 (538,472)

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25.

Bailout Uncertainty in a Microfounded General Equilibriummodelofthefinancial System

NYU Working Paper No. 2451/30271
Number of pages: 51 Posted: 10 Sep 2013
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 10 (574,693)

Abstract:

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risk, uncertainty, lehman’s default, leverage, financial intermediaries, bailouts, duration mismatches

26.

Ellsberg's Hidden Paradox

Number of pages: 39 Posted: 21 Jul 2019
Sean Crockett, Yehuda (Yud) Izhakian and Julian C. Jamison
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Exeter Business School - Department of Economics
Downloads 3 (621,266)

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Perceived probabilities, ambiguity, Knightian uncertainty, experiment, framing, judgment and decision making

27.

Investment Irreversibility, Real Activity and Asset Return Dynamics

Posted: 19 Jun 2013
Ilan Cooper, Bruno Gerard, Yehuda (Yud) Izhakian and Guojun Wu
BI Norwegian Business School, BI Norwegian Business School - Department of Finance, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Houston

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Real Investment, Capital Utilization, Expected Returns