Gur Huberman

Biography

Gur Huberman is the Robert G. Kirby Professor of Behavioral Finance at Columbia Business School where he has taught since 1989. Prior to that, he taught at Tel Aviv University and at the University of Chicago. Between 1993 and 1995 he was Vice President at JP Morgan Investment Management responsible for research on quantitative equity trading. In that capacity, he also helped develop tax aware strategies for the private bank. He earned his Ph.D. (with distinction) in operations research from Yale in 1980 and his B.Sc. (cum laude) in mathematics from Tel Aviv University in 1975.

Professor Huberman’s published work is widely read and cited, and covers a broad range in finance and economics. He contributed to the theory of equilibrium return-risk tradeoff, to the theory of contracts, to the study of individual’s portfolio selection, especially in the context of retirement savings to the theory of liquidity and trading, and to Behavior Finance. More recently he has turned his attention to FinTech and cryptocurrencies.

Professor Huberman was a founding managing editor of the International Journal of Theoretical and Applied Finance. His co-authored paper won the 2006 Journal of Finance Distinguished Paper award of the Smith-Breeden Prize. He was a member of the Academic Advisory Board of Morgan Stanley Equity Market Microstructure Research.

Columbia Caseworks cases

Kaltura: The Tech Company for "Everything Video" (2017)
Coauthor(s): Gur Huberman

More Information

Research

Journal articles

Performance Maximization of Actively Managed Funds In Journal of Finanical Economics (2011)
Coauthor(s): Paolo Guasoni, Gur Huberman, Zhenyu Wang

Is the Price of Money Managers Too Low? In Rivista Bancaria (2010)
Coauthor(s): Gur Huberman

Correlated Trading and Returns In Journal of Finance (2008)
Coauthor(s): Gur Huberman, Daniel Dorn, Paul Sengmueller

Defined Contribution Pension Plans: Determinants of Participation and Contribution Rates In Journal of Financial Services Research (2007)
Coauthor(s): Gur Huberman, Sheena Iyengar, Wei Jiang

Offering Versus Choice by 401(k) Plan Participants: Equity Exposure and Number of Funds In Journal of Finance (2006)
Coauthor(s): Wei Jiang, Gur Huberman

Do Stock Price Bubbles Influence Corporate Investment? In Journal of Monetary Economics (2005)
Coauthor(s): Gur Huberman, Simon Gilchrist

Optimal Liquidity Trading In Review of Finance (2005)
Coauthor(s): Gur Huberman, Werner Stanzl

Talk and Action: What Individuals Say and What They Do In Review of Finance (2005)
Coauthor(s): Gur Huberman, Daniel Dorn

Performance and Employer Stock in 401(k) Plans In Review of Finance (2004)
Coauthor(s): Gur Huberman, Paul Sengmuller

Price Manipulation and Quasi-Arbitrage In Econometrica (2004)
Coauthor(s): Gur Huberman, Werner Stanzl

Contagious Speculation and a Cure for Cancer: A Non-Event that Made Stock Prices Soar In Journal of Finance (2001)
Coauthor(s): Gur Huberman, Tomer Regev

Familiarity Breeds Investment In Review of Financial Studies (2001)
Coauthor(s): Gur Huberman

Systematic Liquidity In Journal of Financial Research (2001)
Coauthor(s): Gur Huberman, Dominika Halka

A Simple Approach to Arbitrage Pricing Theory In Journal of Economic Theory (1982)
Coauthor(s): Gur Huberman

Chapters

Arbitrage Pricing Theory In New Palgrave Dictionary of Economics (2005)
Coauthor(s): Gur Huberman, Zhenyu Wang

Behavioral Finance and Markets In Cognitive Processes and Economic Behavior (2003)
Coauthor(s): Gur Huberman

Working papers

Shortfall Aversion (2015)
Coauthor(s): Paolo Guasoni, Gur Huberman, Dan Ren

Moral Hazard and Debt Maturity (2013)
Coauthor(s): Gur Huberman

Preferred Risk Habitat of Individual Investors (2009)
Coauthor(s): Daniel Dorn, Gur Huberman

In The News

Media Mentions

Ticket Schemes and Fed Positions

Bloomberg View

Press Releases

Congestion can allow Blockchains to Finance their Infrastructure and is Vital to Bitcoin, According to New Research from Columbia Business School