Behavioral Finance Research

In the past decade, Yale SOM has become a leading center for research in behavioral science – specifically, research in the fields of behavioral decision-making, behavioral economics, and behavioral finance. Behavioral decision-making studies the basic psychology of decision-making, while behavioral economics and behavioral finance study the role of irrational thinking in economic and financial decision-making, respectively. Yale’s research efforts in these fields have been helped immeasurably by the generous support of Andrew Redleaf of Whitebox Advisors.


Behavioral Research Projects

Current Behavioral research projects funded with the generous support of Andrew Redleaf of Whitebox Advisors.  

Testing for Fictive Learning in Decision-Making under Uncertainty
Oliver Bunn, Caterina Calsamiglia and Donald Brown

Promotional Reviews: An Empirical Investigation of Online Review Manipulation
Mayzlin, Dina, Yaniv Dover, and Judy Chevalier

Hope Over Experience : Desirability and the Persistence of Optimism
Cade Massey, Joseph P. Simmons and David A. Armor

Do Bonuses Enhance Sales Productivity? A Dynamic Structural Analysis of Bonus-Based Compensation Plans
Doug J. Chung, Thomas Steenburgh and K. Sudhir
 
Affective Decision Making: A Theory of Optimism Bias
Anat Bracha and Donald J. Brown
 
Revealed Preferences for Risk and Ambiguity
By Donald Brown, Chandra Erdman, Kirsten Ling and Laurie Santos

 


Behavioral Science Conferences

The annual Yale Behavioral Science Conference provides a venue for leading researchers from across the world to present and discuss their ideas. While there are other academic conferences that focus only on behavioral decision-making, or only on behavioral finance, or only on behavioral economics, the unique feature of this conference is that it brings together researchers from all three fields. This approach is already yielding results in terms of new inter-disciplinary research, and we expect it to continue to pay dividends in the future.

Past Conferences: 2011 Behavioral Science Conference
 



Whitebox Advisors PhD Student Awards

Whitebox Advisors student fellows are selected by a committee of Yale faculty and receive funding to help with their research.  These student fellows are required to host a yearly graduate student conference.  Funding for this project is provided by Andrew Redleaf of Whitebox Advisors.

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Yale’s research efforts in these fields have been helped immeasurably by the generous support of Andrew Redleaf of Whitebox Advisors.