
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.
Expertise
Education
- PhD, Harvard, 1996
- BA, Cambridge University, 1991
Courses
- Behavioral Finance MGT 641
Selected Articles
Thirty Years of Prospect Theory in Economics: A Review and Assessment
Psychology and the Financial Crisis of 2007/2008
The Psychology of Tail Events: Progress and Challenges
Realization utility
Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility
Working Papers
Extrapolation and Bubbles
Prospect Theory and Stock Returns: An Empirical Test
X-CAPM: An Extrapolation-based Model of the Aggregate Stock Market
Using Neural Data to Test A Theory of Investor Behavior: An Application to Realization Utility
First Impressions: System 1 Thinking and the Cross-section of Stock Returns
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