Lawrence Jin

Lawrence J. Jin received his Ph.D. in Financial Economics from Yale University in May 2015. His research focuses on asset pricing, behavioral finance, neuroeconomics, and household finance. He holds a B.S. in Mathematics and Physics from Tsinghua University and a M.S. in Electrical Engineering from Caltech. Prior to attending Yale, he spent two years as a research and trading analyst at Citigroup. His research has been published in the Quarterly Journal of Economics, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. He has received the Q-Group's Jack Treynor Prize, the AQR Top Finance Graduate Award, the MFA Outstanding Paper Award, and Caltech's ASCIT Teaching Award.

Research Interests

• Asset Pricing, Behavioral Finance, Behavioral Economics, Neuroeconomics, Institutional Frictions, Household Finance

Education

• Ph.D. Yale University (2009 — 2015)
• M.S. California Institute of Technology (2005 — 2006)
• B.S. Tsinghua University (2002 — 2005)

Companies

• Assistant Professor of Finance (Starting in July 2015) California Institute of Technology (2015)
• Ph.D. Student in Financial Economics Yale University (2009 — 2015)
• Hybrid Trading Analyst Citigroup Corporate and Investment Banking (2007 — 2009)
• Analyst Yahoo! Inc. (2006 — 2007)

Publications/Forthcoming Articles

1. Jin, Lawrence and Pengfei Sui. “Asset Pricing with Return Extrapolation.” Forthcoming, Journal of Financial Economics.
2. Frydman, Cary, and Lawrence Jin. 2022. “Efficient Coding and Risky Choice.” Quarterly Journal of Economics 137 (1), 161–213.
3. Barberis, Nicholas, Lawrence Jin, and Baolian Wang. 2021. “Prospect Theory and Stock Market Anomalies.” Journal of Finance 76 (5), 2639–2687.
4. Da, Zhi, Xing Huang, and Lawrence Jin. 2021. “Extrapolative Beliefs in the Cross-Section: What Can We Learn from the Crowds?” Journal of Financial Economics 140 (2), 175–196.
5. Barberis, Nicholas, Robin Greenwood, Lawrence Jin, and Andrei Shleifer. 2018. “Extrapolation and Bubbles.” Journal of Financial Economics 129 (2), 203–227. (Lead Article)
6. Barberis, Nicholas, Robin Greenwood, Lawrence Jin, and Andrei Shleifer. 2015. “X-CAPM: An Extrapolative Capital Asset Pricing Model.” Journal of Financial Economics 115 (1), 1–24. (Lead Article)
7. Ingersoll, Jonathan, and Lawrence Jin. 2013. “Realization Utility with Reference-Dependent Preferences.” Review of Financial Studies 26 (3), 723–767.