NBER Papers on Behavioral Finance Working Group

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2022
w29949 William N. Goetzmann
Akiko Watanabe
Masahiro Watanabe

Cohort Effects on Expected Co-Movement
w29917 Valentin Haddad
Paul Ho
Erik Loualiche

Bubbles and the Value of Innovation
w29909 Theresa Kuchler
Monika Piazzesi
Johannes Stroebel

Housing Market Expectations
w29908 Kilian Huber
Estimating General Equilibrium Spillovers of Large-Scale Shocks
w29881 Jonathan A. Parker
Antoinette Schoar
Allison T. Cole
Duncan Simester

Household Portfolios and Retirement Saving over the Life Cycle
w29860 Naci H. Mocan
Eric Osborne-Christenson

In-group Favoritism and Peer Effects in Wrongful Acquittals: NBA Referees as Judges
w29849 William N. Goetzmann
Akiko Watanabe
Masahiro Watanabe

Evidence on Retrieved Context: How History Matters
w29841 John Graham
Presidential Address: Corporate Finance and Reality
w29827 Robin Greenwood
Toomas Laarits
Jeffrey Wurgler

Stock Market Stimulus
w29825 Francesco D’Acunto
Ulrike Malmendier
Michael Weber

What Do the Data Tell Us About Inflation Expectations?
w29821 Min Dai
Cong Qin
Neng Wang

Portfolio Rebalancing with Realization Utility
w29803 Stefan Nagel
Zhengyang Xu

Dynamics of Subjective Risk Premia
w29752 Daniel J. Agness
Travis Baseler
Sylvain Chassang
Pascaline Dupas
Erik Snowberg

Valuing the Time of the Self-Employed
w29750 Andreas Fuster
Basit Zafar

Survey Experiments on Economic Expectations
w29723 Ron Kaniel
Zihan Lin
Markus Pelger
Stijn Van Nieuwerburgh

Machine-Learning the Skill of Mutual Fund Managers
w29647 Jean-François Bonnefon
Augustin Landier
Parinitha R. Sastry
David Thesmar

The Moral Preferences of Investors: Experimental Evidence
2021
w29624 Lauren Cohen
Bo Li

The Political Economy of Anti-Bribery Enforcement
w29577 Benjamin Enke
Thomas Graeber

Cognitive Uncertainty in Intertemporal Choice
w29566 Ricardo Godoy
Dean Karlan
Jonathan Zinman

Randomization for Causality, Ethnography for Mechanisms: Illiquid Savings for Liquor in an Autarkic Society
w29559 Victor Duarte
Julia Fonseca
Aaron S. Goodman
Jonathan A. Parker

Simple Allocation Rules and Optimal Portfolio Choice Over the Lifecycle
w29543 Turan G. Bali
David Hirshleifer
Lin Peng
Yi Tang

Attention, Social Interaction, and Investor Attraction to Lottery Stocks
w29527 Benjamin L. Collier
Cameron Ellis
Benjamin J. Keys

The Cost of Consumer Collateral: Evidence from Bunching
w29517 Chen Lian
Mistakes in Future Consumption, High MPCs Now
w29512 Duarte Gonçalves
Jonathan Libgober
Jack Willis

Learning versus Unlearning: An Experiment on Retractions
w29504 Song Ma
Technological Obsolescence
w29453 Andy C.W. Chui
Avanidhar Subrahmanyam
Sheridan Titman

Momentum, Reversals, and Investor Clientele
w29407 Nathan Barker
Gharad T. Bryan
Dean Karlan
Angela Ofori-Atta
Christopher R. Udry

Mental Health Therapy as a Core Strategy for Increasing Human Capital: Evidence from Ghana
w29344 Leland Bybee
Bryan T. Kelly
Asaf Manela
Dacheng Xiu

Business News and Business Cycles
w29336 Ulrike Malmendier
Exposure, Experience, and Expertise: Why Personal Histories Matter in Economics
w29288 Jacquelyn Humphrey
Shimon Kogan
Jacob Sagi
Laura Starks

The Asymmetry in Responsible Investing Preferences
w29279 Francesco D’Acunto
Daniel Hoang
Maritta Paloviita
Michael Weber

Human Frictions in the Transmission of Economic Policies
w29275 Francesco D’Acunto
Andreas Fuster
Michael Weber

Diverse Policy Committees Can Reach Underrepresented Groups
w29274 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer

Salience
w29273 Pedro Bordalo
John J. Conlon
Nicola Gennaioli
Spencer Yongwook Kwon
Andrei Shleifer

Memory and Probability
w29214 Daniel Herbst
Nathaniel Hendren

Opportunity Unraveled: Private Information and the Missing Markets for Financing Human Capital
w29212 Sheridan Titman
Chishen Wei. Wei
Bin Zhao

Corporate Actions and the Manipulation of Retail Investors in China: An Analysis of Stock Splits
w29159 Bradley Larsen
Carol Hengheng Lu
Anthony Lee Zhang

Intermediaries in Bargaining: Evidence from Business-to-Business Used-Car Inventory Negotiations
w29111 Daniel Keniston
Bradley J. Larsen
Shengwu Li
J.J. Prescott
Bernardo S. Silveira
Chuan Yu

Fairness in Incomplete Information Bargaining: Theory and Widespread Evidence from the Field
w29094 David Laibson
Peter Maxted
Benjamin Moll

Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy
w29076 Klakow Akepanidtaworn
Rick Di Mascio
Alex Imas
Lawrence Schmidt

Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors
w29074 Ulrike Malmendier
Experience Effects in Finance: Foundations, Applications, and Future Directions
w29069 Michael J. Gropper
Camelia M. Kuhnen

Wealth and Insurance Choices: Evidence from US Households
w29048 Allen Hu
Song Ma

Persuading Investors: A Video-Based Study
w29039 Liran Einav
Amy Finkelstein
Neale Mahoney

The IO of Selection Markets
w29027 Scott R. Baker
Lorenz Kueng

Household Financial Transaction Data
w29016 Jianan Liu
Tobias J. Moskowitz
Robert F. Stambaugh

Pricing Without Mispricing
w28975 Benjamin Lockwood
Hunt Allcott
Dmitry Taubinsky
Afras Y. Sial

What Drives Demand for State-Run Lotteries? Evidence and Welfare Implications
w28967 Xavier Gabaix
Ralph S. J. Koijen

In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis
w28963 Tim de Silva
David Thesmar

Noise in Expectations: Evidence from Analyst Forecasts
w28961 Philipp Strack
Dmitry Taubinsky

Dynamic Preference "Reversals" and Time Inconsistency
w28956 Paolina C. Medina
Michaela Pagel

Does Saving Cause Borrowing?
w28931 David Hirshleifer
Jinfei Sheng

Macro News and Micro News: Complements or Substitutes?
w28926 Haoyang Liu
Christopher Palmer

Are Stated Expectations Actual Beliefs? New Evidence for the Beliefs Channel of Investment Demand
w28922 James E. Archsmith
Anthony Heyes
Matthew J. Neidell
Bhaven N. Sampat

The Dynamics of Inattention in the (Baseball) Field
w28900 Jacelly C. Cespedes
Carlos R. Parra
Clemens Sialm

The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown
w28895 Fabian Kindermann
Julia Le Blanc
Monika Piazzesi
Martin Schneider

Learning about Housing Cost: Survey Evidence from the German House Price Boom
w28887 Sushil Bikhchandani
David Hirshleifer
Omer Tamuz
Ivo Welch

Information Cascades and Social Learning
w28879 Eduardo Dávila
Ansgar Walther

Prudential Policy with Distorted Beliefs
w28854 Long Chen
Yadong Huang
Shumiao Ouyang
Wei Xiong

The Data Privacy Paradox and Digital Demand
w28824 Nicolae B. Gârleanu
Stavros Panageas
Geoffery X. Zheng

A Long and a Short Leg Make For a Wobbly Equilibrium
w28796 Stephen L. Ross
Tingyu Zhou

Loss Aversion in Housing Sales Prices: Evidence from Focal Point Bias
w28730 Kazi Iqbal
Asadul Islam
John A. List
Vy Nguyen

Myopic Loss Aversion and Investment Decisions: from the Laboratory to the Field
w28718 Catherine Balfe
Patrick Button
Mary Penn
David Schwegman

Infrequent Identity Signals and Detection Risks in Audit Correspondence Studies
w28692 Valentin Haddad
Tyler Muir

Do Intermediaries Matter for Aggregate Asset Prices?
w28650 Benjamin Enke
Uri Gneezy
Brian Hall
David C. Martin
Vadim Nelidov
Theo Offerman
Jeroen van de Ven

Cognitive Biases: Mistakes or Missing Stakes?
w28624 Itzhak Ben-David
Jiacui Li
Andrea Rossi
Yang Song

Discontinued Positive Feedback Trading and the Decline of Momentum Profitability
w28611 Lasse Brune
Eric Chyn
Jason T. Kerwin

Pay Me Later: Savings Constraints and the Demand for Deferred Payments
w28604 Francesco Bianchi
Cosmin L. Ilut
Hikaru Saijo

Diagnostic Business Cycles
w28574 Asaf Bernstein
Peter Koudijs

The Mortgage Piggy Bank: Building Wealth through Amortization
w28484 Ester Faia
Andreas Fuster
Vincenzo Pezone
Basit Zafar

Biases in Information Selection and Processing: Survey Evidence from the Pandemic
w28479 Paolina C. Medina
Vrinda Mittal
Michaela Pagel

The Effect of Stock Ownership on Individual Spending and Loyalty
w28469 John Chalmers
Olivia S. Mitchell
Jonathan Reuter
Mingli Zhong

Auto-Enrollment Retirement Plans for the People: Choices and Outcomes in OregonSaves
w28432 Theis Ingerslev Jensen
Bryan T. Kelly
Lasse Heje Pedersen

Is There A Replication Crisis In Finance?
w28426 Alp Simsek
The Macroeconomics of Financial Speculation
w28408 Pooya Molavi
Alireza Tahbaz-Salehi
Andrea Vedolin

Model Complexity, Expectations, and Asset Prices
w28393 Edward Asiedu
Dean Karlan
Monica P. Lambon-Quayefio
Christopher R. Udry

A Call for Structured Ethics Appendices in Social Science Papers
w28369 Itzhak Ben-David
Francesco Franzoni
Byungwook Kim
Rabih Moussawi

Competition for Attention in the ETF Space
w28363 Ankit Kalda
Benjamin Loos
Alessandro Previtero
Andreas Hackethal

Smart(Phone) Investing? A within Investor-time Analysis of New Technologies and Trading Behavior.
w28361 Abigail Hurwitz
Olivia S. Mitchell
Orly Sade

Longevity Perceptions and Saving Decisions during the COVID-19 Outbreak: An Experimental Investigation
w28356 Marco Del Angel
Caroline Fohlin
Marc D. Weidenmier

Do Global Pandemics Matter for Stock Prices? Lessons from the 1918 Spanish Flu
w28331 Zarek C. Brot-Goldberg
Timothy Layton
Boris Vabson
Adelina Yanyue Wang

The Behavioral Foundations of Default Effects: Theory and Evidence from Medicare Part D

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