At Haas since 2001 2008 - present, The Rudd Family Foundation Chair 2006 - 2008, Willis H. Booth Chair in Banking and Finance I 2005 - 2006, Professor, Haas School of Business 2003 - 2005, Associate Professor, Haas School of Business 2001 - 2003, Assistant Professor, Haas School of Business 1997 - 2001, Assistant Professor, Graduate School of Management, UC Davis
External Service and Assignments
Executive Director, Experimental Social Science Laboratory, UC Berkeley
Editor, Review of Financial Studies
Ad Hoc Referee for: The American Economic Review, The Quarterly Journal of Economics, The Journal of Finance, The Review of Financial Studies, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, Journal of Financial Markets, The Financial Analyst's Journal, The Journal of Business, The Accounting Review, Scandinavian Journal of Economics, The Journal of Psychology and Financial Markets, Journal of Economics and Business, Financial Services Review, Economic Letters, Naitonal Science Review, European Finance Review, Economica, North American Journal of Economics and Finance, Journal of Banking and Finance
Current Research and Interests
Influence of individual investors on asset prices.
Selected Papers and Publications
“Once Burned, Twice Shy: How Naïve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold” with Brad Barber and Michal Strahilevitz, 2011, Journal of Marketing Research, Vol. 48, 102-120.
“Overconfidence, Compensation Contracts, and Capital Budgeting” with Simon Gervais and J. B. Heaton, 2011, Journal of Finance, Vol, 66, 5, 1735-1777.
“Just How Much Do Investors Lose from Trade?” with Brad Barber, Yi-Tsung Lee and Yu-Jane Liu, Review of Financial Studies, 2009, Vol. 22, 2, 609-632.
“All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors” with Brad Barber, Review of Financial Studies, 2008, Vol. 21, 2, 785-818.
“Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows” with Brad Barber and Lu Zheng, Journal of Business, 2005, Vol. 78, 2095-2119.
"Boys will be Boys: Gender, Overconfidence, and Common Stock Investment" with Brad Barber, Quarterly Journal of Economics, February 2001, Vol. 116, No. 1, 261-292.
"The Internet and the Investor" with Brad Barber, The Journal of Economic Perspectives, Winter 2001, Vol. 15, No. 1, pp. 41-54.
"Learning to be Overconfident" with Simon Gervais, Review of Financial Studies, Spring 2001, Vol. 14, No. 1, pp. 1-27.
"Do Investors Trade Too Much?", American Economic Review, Vol. 89, December 1999, 1279-1298.
"Volume, Volatility, Price, and Profit When All Traders Are Above Average," Journal of Finance, Vol. LIII, No. 6, December 1998, 1887-1934.
Honors and Awards
Barclays Global Investment/Michael Brennan Prize for the Best Paper of the Year in theReview of Financial Studies, 2001
Roger F. Murray Prize (from the Institute for Quantitative Research in Finance
Graham and Dodd Award of Excellence, 2000
American Association of Individual Investors Completed Dissertation Award, 1997