Working Papers

One Brief Shining Moment(um): Past Momentum Performance and Momentum Reversals,” Usman Ali, Kent Daniel, and David Hirshleifer, May 2017.
ABSTRACT Abstract and RePEc version  Abstract and SSRN version

Short- and Long-Horizon Behavioral Factors,”  Kent Daniel, David Hirshleifer, and Lin Sun, March, 2017.
ABSTRACT Abstract and RePEc version  Abstract and SSRN version

Model Uncertainty, Ambiguity Aversion,and Market Participation,”David Hirshleifer, Chong Huang, and Siew Hong Teoh, January 2017.
ABSTRACT Abstract and RePEc version  Abstract and SSRN version

The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies,” Yongqiang Chu, David Hirshleifer, and Liang Ma, July 2016.
ABSTRACT Abstract and RePEc version  Abstract and SSRN version

Social Transmission Bias and Active Investing,” Bing Han and David Hirshleifer, September 2015.
ABSTRACT
 Abstract and RePEc version  Abstract and SSRN version

Superstition and Financial Decision Making,” David Hirshleifer, Ming Jian, and Huai Zhang, September 2014.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Visibility Bias in the Transmission of Consumption Norms and Undersaving,” Bing Han and David Hirshleifer, October 2015.
ABSTRACT
 Abstract and RePEc version  Abstract and SSRN version

Does Market Overvaluation Promote Corporate Innovation?” Ming Dong, David Hirshleifer, and Siew Hong Teoh, January 2015. 
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Investor Psychology and Tests of Factor Pricing Models,” Kent Daniel, David Hirshleifer, and Avanidhar Subrahmanyam, November 2005.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Firm and Managerial Incentives to Manipulate the Timing of Project Resolution,” David Hirshleifer, Tarun Chordia, and Sonya S. Lim, March 2001.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Can Individual Investors Beat the Market?” Joshua D. Coval, David Hirshleifer, and Tyler Shumway, September 2005.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

A Theory of Costly Sequential Bidding,” Kent D. Daniel and David Hirshleifer, July 1998.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Disclosure to an Audience with Limited Attention,” David Hirshleifer, Sonya S. Lim, and Siew Hong Teoh, October 2004.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Information Cascades and Observational Learning,” Sushil Bikhchandani, David Hirshleifer, and Ivo Welch, September 2005.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

  • Published as: “Information Cascades,” Sushil Bikhchandani, David Hirshleifer, and Ivo Welch, The New Palgrave Dictionary of Economics, Second Edition, Steven N. Durlauf and Lawrence E. Blume, eds., Palgrave Macmillan/U.K., May, 2008.

Disclosure to a Credulous Audience: The Role of Limited Attention,” David Hirshleifer, Sonya S. Lim, and Siew Hong Teoh, October 2002.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Covariance Risk, Mispricing, and the Cross Section of Security Returns,” Kent D. Daniel, David Hirshleifer, and Avanidhar Subrahmanyam, July 2000.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Institutional Memory, Inertia, and Impulsiveness,” Ivo Welch and David Hirshleifer, September 1999.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions,” Kent D. Daniel, David Hirshleifer, and Avanidhar Subrahmanyam, February 1997.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

“Do Takeovers Increase Value? An Intervention Approach,” Sanjai Bhagat and David Hirshleifer, September 1996.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version

Market-Based Estimates of Value Gains from Takeovers: An Intervention Approach,” Sanjai Bhagat and David Hirshleifer, September 1996.
ABSTRACT
Abstract and RePEc version Abstract and SSRN version