Nicholas Barberis

Stephen and Camille Schramm Professor of Finance at Yale School of Management

Schools

  • Harvard Kennedy School
  • Yale School of Management

Expertise

Links

Biography

Yale School of Management

Professor Barberis’ research focuses on behavioral finance—in particular, on applications of cognitive psychology to understanding investor trading behavior and the pricing of financial assets.  He has published extensively in the top economics and finance journals, gives frequent presentations about his work to both academic and non-academic audiences, and has won numerous awards for both research and teaching. Prior to coming to Yale, Professor Barberis taught at the Booth School of Business at the University of Chicago.

EDUCATION

  • PhD , Harvard, 1996
  • BA , Cambridge University, 1991

ACHIEVEMENTS

  • Yale SOM Alumni Association Teaching Award , Yale School of Management Alumni Association, 2006, 2009, 2013
  • Emory Williams Award for Excellence in Teaching , 1998, 2000, 2002
  • Paul A. Samuelson Prize for Outstanding Scholarly Writing on Lifelong Financial Security , TIAA-CREF, 2000
  • FAME Research Prize , Swiss Finance Institute, 2000

SELECTED ARTICLES

Psychology and the Financial Crisis of 2007/2008 N. Barberis Financial Innovation: Too Much or Too Little? 2013

The Psychology of Tail Events: Progress and Challenges N. Barberis American Economic Review Papers and Proceedings 2013

Thirty Years of Prospect Theory in Economics: A Review and Assessment N. C. Barberis Journal of Economic Perspectives 2013

A model of casino gambling N. Barberis Management Science 2012

Realization utility N. Barberis and W. Xiong Journal of Financial Economics 2012

SELECTED WORKING PAPERS

Extrapolation and Bubbles N. Barberis, R. Greenwood, L. Jin, A. Shleifer 2016

Prospect Theory and Stock Returns: An Empirical Test Nicholas Barberis, Abhiroop Mukherjee, Baolian Wang 2014

Using Neural Data to Test A Theory of Investor Behavior: An Application to Realization Utility C. Frydman, N. Barberis, C. Camerer, P. Bossaerts, and A. Rangel Journal of Finance

First Impressions: System 1 Thinking and the Cross-section of Stock Returns N. Barberis, A. Mukherjee & B. Wang

X-CAPM: An Extrapolation-based Model of the Aggregate Stock Market N. Barberis, R. Greenwood, L. Jin, and A. Shleifer

Videos

Courses Taught

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