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

31

DOWNLOADS
Rank 2,786

SSRN RANKINGS

Top 2,786

in Total Papers Downloads

13,283

SSRN CITATIONS
Rank 7,980

SSRN RANKINGS

Top 7,980

in Total Papers Citations

50

CROSSREF CITATIONS

81

Scholarly Papers (31)

1.

Asset Pricing and Ambiguity: Empirical Evidence

Journal of Financial Economics (JFE), Vol. 130, No. 3, 2018
Number of pages: 57 Posted: 31 Jan 2012 Last Revised: 28 Jan 2020
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 1,838 (8,792)
Citation 6

Abstract:

Loading...

Ambiguity aversion, Ambiguity measurement, Knightian uncertainty, Equity premium

2.
Downloads 1,263 ( 15,958)
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 900 (25,929)

Abstract:

Loading...

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 (84,272)
Citation 1

Abstract:

Loading...

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

3.
Downloads 1,128 ( 18,920)
Citation 7

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 667 (39,215)

Abstract:

Loading...

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 461 (63,352)
Citation 9

Abstract:

Loading...

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

4.
Downloads 972 ( 23,579)
Citation 1

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 505 (56,521)
Citation 1

Abstract:

Loading...

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 467 (62,349)

Abstract:

Loading...

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 Measurement

Journal of Economic Theory, Vol. --, No. --, 2020
Number of pages: 39 Posted: 20 Dec 2014 Last Revised: 28 Jan 2020
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 879 (27,288)
Citation 10

Abstract:

Loading...

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 342 (90,306)

Abstract:

Loading...

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 337 (91,810)
Citation 7

Abstract:

Loading...

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 (708,902)
  • Add to Cart

Abstract:

Loading...

Ambiguity Aversion, Bailouts, Duration mismatches, Financial intermediaries, Lehman's Collapse, Leverage, Risk, Uncertainty

7.
Downloads 674 ( 39,265)
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 674 (38,686)
Citation 5

Abstract:

Loading...

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:

Loading...

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 662 (40,231)
Citation 7

Abstract:

Loading...

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 610 (44,904)
Citation 14

Abstract:

Loading...

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 536 (52,982)

Abstract:

Loading...

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 451 (65,725)

Abstract:

Loading...

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: 13 Jan 2020
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 444 (66,923)
Citation 1

Abstract:

Loading...

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 411 (73,588)
Citation 4

Abstract:

Loading...

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 402 (75,462)

Abstract:

Loading...

Risk, Ambiguity, and the Exercise of Employee Stock Options

Journal of Financial Economics (JFE), Vol. 124, No. 1, 2017
Number of pages: 44 Posted: 10 Mar 2014 Last Revised: 28 Jan 2020
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 340 (91,180)
Citation 1

Abstract:

Loading...

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 (601,940)
Citation 2

Abstract:

Loading...

16.

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 341 (91,250)
Citation 3

Abstract:

Loading...

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

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 308 (102,054)

Abstract:

Loading...

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 248 (128,397)

Abstract:

Loading...

Ambiguity, Ambiguity measure, Ambiguity aversion, IPO underpricing

19.

An Experimental Test of the Lucas Asset Pricing Model

Review of Economic Studies, Vol. 86(2), pp. 627-667
Number of pages: 81 Posted: 06 May 2010 Last Revised: 28 Jan 2020
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 221 (143,831)
Citation 8

Abstract:

Loading...

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 203 (155,765)
Citation 1

Abstract:

Loading...

principal-agent, ambiguity, optimism, pessimism, disclosure

21.

Expected Utility with Uncertain Probabilities Theory

Journal of Mathematical Economics, Vol. 69, No. 1, 2017
Number of pages: 34 Posted: 19 Dec 2014 Last Revised: 28 Jan 2020
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 186 (168,810)
Citation 6

Abstract:

Loading...

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 137 (218,874)

Abstract:

Loading...

23.

Innovation under Ambiguity and Risk

Baruch College Zicklin School of Business Research Paper No. 2019-08-07
Number of pages: 49 Posted: 02 Aug 2019 Last Revised: 29 Aug 2019
Gabriela Coiculescu, Yehuda (Yud) Izhakian and S. Abraham Ravid
Yeshiva University - Syms School of Business, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and Yeshiva University - Syms School of Business
Downloads 66 (352,872)
Citation 1

Abstract:

Loading...

Ambiguity measurement, Ambiguity aversion, Risk aversion, Innovation, Patents

24.

Mergers and Acquisitions: The Role of Ambiguity

Northeastern University School of Law Research Paper No. 3489549
Number of pages: 52 Posted: 04 Dec 2019
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 55 (386,393)

Abstract:

Loading...

Ambiguity, Ambiguity Aversion, Knightian Uncertainty, Mergers, Acquisitions

25.

Knight Meets Sharpe: Capital Asset Pricing under Ambiguity

Number of pages: 44 Posted: 05 Dec 2019 Last Revised: 23 Feb 2020
Yehuda (Yud) Izhakian
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 49 (406,639)

Abstract:

Loading...

Ambiguity Measurement, Perceived Probabilities, Mean-Variance, Optimal Portfolio, Investment Decisions

26.

Ellsberg's Hidden Paradox

Baruch College Zicklin School of Business Research Paper No. 2019-07-04
Number of pages: 39 Posted: 21 Jul 2019 Last Revised: 29 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 46 (417,528)
Citation 4

Abstract:

Loading...

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

Underwriter Certification, Issuer-Underwriter Matching, and SEO Performance

Baruch College Zicklin School of Business Research Paper No. 2019-08-05, Columbia Business School Research Paper Forthcoming
Number of pages: 50 Posted: 17 Aug 2019 Last Revised: 08 Jan 2020
Charles W. Calomiris, Yehuda (Yud) Izhakian and Jaime F. Zender
Columbia University - Columbia Business School, 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 44 (433,320)

Abstract:

Loading...

Season equity offer, Asymmetric information, One to many matching, Underwriter reputation, Control function approach

Underwriter Certification, Issuer-Underwriter Matching, and SEO Performance

NBER Working Paper No. w26344
Number of pages: 55 Posted: 07 Oct 2019
Charles W. Calomiris, Yehuda (Yud) Izhakian and Jaime F. Zender
Columbia University - Columbia Business School, 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 1 (708,902)
  • Add to Cart

Abstract:

Loading...

28.

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 45 (421,298)
Citation 1

Abstract:

Loading...

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

29.

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 19 (548,197)

Abstract:

Loading...

30.

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 (605,434)

Abstract:

Loading...

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

31.

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

Abstract:

Loading...

Real Investment, Capital Utilization, Expected Returns