Working Papers

One Brief Shining Moment(um): Past Momentum Performance and Momentum Reversals,” Usman Ali, Kent Daniel, and David Hirshleifer, April 2017.
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Short and Long Horizon Behavioral Factors,” Kent Daniel, David Hirshleifer, and Lin Sun, March 2018.
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Model Uncertainty, Ambiguity Aversion,and Market Participation,” David Hirshleifer, Chong Huang, and Siew Hong Teoh, September 2017.
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The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies,” Yongqiang Chu, David Hirshleifer, and Liang Ma, December 2017.
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Social Transmission Bias and Investor Behavior,” Bing Han, David Hirshleifer, and  Johan Walden, January 2018.
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Visibility Bias in the Transmission of Consumption Norms and Undersaving,” Bing Han, David Hirshleifer, and  Johan Walden, July 2018.
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Stock Market Overvaluation, Moon Shots, and Corporate Innovation,” Ming Dong, David Hirshleifer, and Siew Hong Teoh, April 2018. 
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Mood Betas and Seasonalities in Stock Returns,” David Hirshleifer, Danling Jiang, and
Yuting Meng, March 2018.
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Decision Fatigue and Heuristic Analyst Forecasts,” David Hirshleifer, Yaron Levi, Ben
Lourie, and Siew Hong Teoh, February 2018.
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Superstition and Financial Decision Making,” David Hirshleifer, Ming Jian, and Huai Zhang, September 2014.
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Investor Psychology and Tests of Factor Pricing Models,” Kent Daniel, David Hirshleifer, and Avanidhar Subrahmanyam, November 2005.
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Firm and Managerial Incentives to Manipulate the Timing of Project Resolution,” David Hirshleifer, Tarun Chordia, and Sonya S. Lim, March 2001.
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Can Individual Investors Beat the Market?,” Joshua D. Coval, David Hirshleifer, and Tyler Shumway, September 2005.
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A Theory of Costly Sequential Bidding,” Kent D. Daniel and David Hirshleifer, July 1998.
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Disclosure to an Audience with Limited Attention,” David Hirshleifer, Sonya S. Lim, and Siew Hong Teoh, October 2004.
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Information Cascades and Observational Learning,” Sushil Bikhchandani, David Hirshleifer, and Ivo Welch, September 2005.
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  • 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.
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Covariance Risk, Mispricing, and the Cross Section of Security Returns,” Kent D. Daniel, David Hirshleifer, and Avanidhar Subrahmanyam, July 2000.
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Institutional Memory, Inertia, and Impulsiveness,” Ivo Welch and David Hirshleifer, September 1999.
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A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions,” Kent D. Daniel, David Hirshleifer, and Avanidhar Subrahmanyam, February 1997.
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“Do Takeovers Increase Value? An Intervention Approach,” Sanjai Bhagat and David Hirshleifer, September 1996.
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Market-Based Estimates of Value Gains from Takeovers: An Intervention Approach,” Sanjai Bhagat and David Hirshleifer, September 1996.
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