Nicholas Barberis

Yale School of Management

Professor of Finance

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

26

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Top 539

in Total Papers Downloads

51,203

SSRN CITATIONS
Rank 122

SSRN RANKINGS

Top 122

in Total Papers Citations

1,517

CROSSREF CITATIONS

3,314

Scholarly Papers (26)

1.
Downloads 25,721 ( 111)
Citation 237

A Survey of Behavioral Finance

Number of pages: 77 Posted: 04 Oct 2002
Nicholas Barberis, Nicholas Barberis and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management and University of Chicago - Booth School of Business
Downloads 24,175 (126)
Citation 13

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behavioral finance, market efficiency, limits to arbitrage, psychology, investor behavior

A Survey of Behavioral Finance

Number of pages: 78 Posted: 19 Sep 2002 Last Revised: 13 Sep 2021
Nicholas Barberis, Nicholas Barberis and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management and University of Chicago - Booth School of Business
Downloads 1,546 (14,900)
Citation 1

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2.
Downloads 3,500 ( 4,007)
Citation 427

Prospect Theory and Asset Prices

Number of pages: 50 Posted: 22 Jul 1999
Nicholas Barberis, Nicholas Barberis, Ming Huang and Tano Santos
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia Business School
Downloads 3,326 (4,268)
Citation 16

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Prospect Theory and Asset Prices

Number of pages: 50 Posted: 30 Apr 2000 Last Revised: 25 Sep 2021
Nicholas Barberis, Nicholas Barberis, Ming Huang and Tano Santos
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia Business School
Downloads 174 (219,547)
Citation 65

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3.

Psychology and the Financial Crisis of 2007-2008

Number of pages: 16 Posted: 18 Jan 2011 Last Revised: 03 Sep 2011
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 3,033 (5,118)
Citation 24

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financial crisis, psychology, extrapolation, belief manipulation

4.
Downloads 2,745 ( 6,040)
Citation 106

Style Investing

Number of pages: 43 Posted: 23 Jan 2001
Nicholas Barberis, Nicholas Barberis and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management and Harvard University - Department of Economics
Downloads 2,615 (6,394)
Citation 105

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Style Investing

Number of pages: 42 Posted: 11 Dec 2000 Last Revised: 05 Oct 2001
Nicholas Barberis, Nicholas Barberis and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management and Harvard University - Department of Economics
Downloads 130 (279,039)

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5.
Downloads 2,129 ( 9,068)
Citation 53

Comovement

Number of pages: 45 Posted: 06 Apr 2002
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 1,609 (13,978)
Citation 14

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Comovement

NYU Working Paper No. S-DRP-03-18
Number of pages: 45 Posted: 05 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 252 (155,259)

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Comovement

NYU Working Paper No. S-DRP-01-19
Number of pages: 38 Posted: 07 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 107 (321,616)

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Comovement

NYU Working Paper No. FIN-01-064
Number of pages: 38 Posted: 03 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Je rey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and affiliation not provided to SSRN
Downloads 97 (343,482)

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Comovement

Number of pages: 43 Posted: 11 Apr 2002 Last Revised: 23 Oct 2021
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 64 (442,951)
Citation 12

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6.

Prospect Theory and Stock Returns: An Empirical Test

Review of Financial Studies, Forthcoming , AFA 2014 Philadelphia Meetings Paper
Number of pages: 56 Posted: 20 Nov 2014 Last Revised: 05 Oct 2016
Nicholas Barberis, Nicholas Barberis, Abhiroop Mukherjee and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,862 (11,290)
Citation 39

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prospect theory, loss aversion, probability weighting

7.
Downloads 1,334 ( 18,988)
Citation 4

Prospect Theory and Stock Market Anomalies

10th Miami Behavioral Finance Conference
Number of pages: 83 Posted: 08 Nov 2019 Last Revised: 17 Dec 2020
Nicholas Barberis, Nicholas Barberis, Lawrence J. Jin and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,304 (19,316)
Citation 6

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prospect theory, loss aversion, probability weighting, cross-section

Prospect Theory and Stock Market Anomalies

Number of pages: 84 Posted: 18 May 2020 Last Revised: 19 Nov 2021
Nicholas Barberis, Nicholas Barberis, Lawrence J. Jin and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 30 (599,614)
Citation 1

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Investing for the Long Run When Returns are Predictable

Number of pages: 49 Posted: 04 Jan 2000
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 1,075 (25,716)
Citation 87

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Investing for the Long Run When Returns are Predictable

Posted: 04 Jan 2000
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management

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Stocks as Lotteries: the Implications of Probability Weighting for Security Prices

AFA 2005 Philadelphia Meetings Paper
Number of pages: 49 Posted: 16 Jan 2005
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 979 (29,420)
Citation 31

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prospect theory, asset pricing, skewness, under-diversification

Stocks as Lotteries: The Implications of Probability Weighting for Security Prices

Number of pages: 50 Posted: 24 Feb 2007 Last Revised: 07 Nov 2021
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 93 (352,965)
Citation 91

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What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Number of pages: 47 Posted: 13 Mar 2006
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 581 (59,554)
Citation 6

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disposition effect, prospect theory

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Number of pages: 48 Posted: 03 Aug 2006 Last Revised: 17 Nov 2021
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 295 (131,961)
Citation 51

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11.
Downloads 865 ( 35,541)

A Model of Investor Sentiment

Number of pages: 44 Posted: 08 Jul 2000 Last Revised: 12 Sep 2021
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 865 (35,023)
Citation 27

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A Model of Investor Sentiment

Posted: 19 Feb 1997
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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Individual Preferences, Monetary Gambles and the Equity Premium

Number of pages: 49 Posted: 14 Oct 2003
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 740 (43,375)
Citation 1

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risk aversion, framing, loss aversion, stock market participation, equity premium

Individual Preferences, Monetary Gambles and the Equity Premium

Number of pages: 50 Posted: 28 Sep 2003 Last Revised: 27 Oct 2021
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 85 (373,748)

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13.
Downloads 822 ( 38,116)
Citation 33

A Model of Casino Gambling

Number of pages: 48 Posted: 07 May 2009 Last Revised: 22 Jun 2009
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 766 (41,389)
Citation 33

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gambling, prospect theory, time inconsistency, probability weighting

A Model of Casino Gambling

Number of pages: 45 Posted: 13 May 2009 Last Revised: 05 Nov 2021
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 56 (469,690)

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14.
Downloads 817 ( 38,451)
Citation 7

Richard Thaler and the Rise of Behavioral Economics

Yale ICF Working Paper No. 2018-03
Number of pages: 34 Posted: 07 Feb 2018 Last Revised: 02 Aug 2019
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 816 (37,987)
Citation 3

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endowment effect, prospect theory, mental accounting, nudge

Richard Thaler and the Rise of Behavioral Economics

The Scandinavian Journal of Economics, Vol. 120, Issue 3, pp. 661-684, 2018
Number of pages: 24 Posted: 13 Jul 2018
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 1 (839,238)
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Endowment effect, mental accounting, nudge, prospect theory

Psychology-based Models of Asset Prices and Trading Volume

Yale ICF Working Paper No. 2018-12
Number of pages: 99 Posted: 24 May 2018 Last Revised: 02 Aug 2019
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 774 (40,909)
Citation 36

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extrapolation, overconfidence, prospect theory, mispricing, bubbles, volume

Psychology-Based Models of Asset Prices and Trading Volume

Number of pages: 100 Posted: 18 Jun 2018 Last Revised: 22 Jul 2021
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 41 (537,184)
Citation 12

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16.

Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing

American Economic Review, Vol. 96, No. 4, September 2006
Number of pages: 33 Posted: 10 Jul 2006
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 735 (44,400)
Citation 57

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risk aversion, framing, loss aversion, stock market participation

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 652 (51,411)
Citation 15

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neuroeconomics, trading, disposition effect, realization utility

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

Number of pages: 61 Posted: 22 Nov 2012 Last Revised: 20 Sep 2021
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 74 (405,714)
Citation 10

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Thirty Years of Prospect Theory in Economics: A Review and Assessment

Number of pages: 34 Posted: 18 Nov 2012
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 634 (53,304)
Citation 5

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prospect theory, loss aversion, probability weighting

Thirty Years of Prospect Theory in Economics: A Review and Assessment

Number of pages: 35 Posted: 15 Dec 2012 Last Revised: 19 Nov 2021
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 40 (542,368)
Citation 42

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The Loss Aversion/Narrow Framing Approach to the Equity Premium Puzzle

Number of pages: 36 Posted: 10 Jul 2006
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 309 (125,525)
Citation 1

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loss aversion, narrow framing, equity premium

The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle

Number of pages: 37 Posted: 26 Jul 2006 Last Revised: 29 Oct 2021
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 96 (345,768)
Citation 8

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20.

The Psychology of Tail Events: Progress and Challenges

Number of pages: 12 Posted: 12 Mar 2013
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 339 (114,225)
Citation 31

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tail event, probability weighting, prospect theory

21.

Preferences with Frames: A New Utility Specification that Allows for the Framing of Risks

Number of pages: 39 Posted: 07 Jul 2007
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 218 (179,125)
Citation 24

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behavioral finance, diversification, equity premium, utility functions

Mental Accounting, Loss Aversion, and Individual Stock Returns

Number of pages: 57 Posted: 24 Mar 2001 Last Revised: 19 Nov 2021
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 206 (188,564)
Citation 22

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Mental Accounting, Loss Aversion, and Individual Stock Returns

Posted: 23 May 2001
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management

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23.

Extrapolation and Bubbles

Number of pages: 53 Posted: 01 Feb 2016 Last Revised: 18 Jun 2021
Nicholas Barberis, Nicholas Barberis, Robin M. Greenwood, Lawrence J. Jin and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, California Institute of Technology and Harvard University - Department of Economics
Downloads 167 (227,136)
Citation 50

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24.

Realization Utility

Number of pages: 48 Posted: 27 Oct 2008 Last Revised: 17 Jun 2021
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 110 (313,634)
Citation 42

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25.

X-Capm: An Extrapolative Capital Asset Pricing Model

Number of pages: 62 Posted: 29 Jun 2013 Last Revised: 08 Dec 2021
Nicholas Barberis, Nicholas Barberis, Robin M. Greenwood, Lawrence J. Jin and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, California Institute of Technology and Harvard University - Department of Economics
Downloads 74 (401,269)
Citation 71

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How Does Privatization Work? Evidence from the Russian Shops

Number of pages: 38 Posted: 25 May 2006 Last Revised: 26 Aug 2010
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group
Downloads 58 (461,796)
Citation 6

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How Does Privatization Work? Evidence from the Russian Shops

Posted: 28 Feb 1995
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group

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How Does Privatization Work? Evidence from the Russian Shops

J. OF POLITICAL ECONOMY Vol. 104 No. 4, August 1996
Posted: 15 Jul 1996
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group

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