David Hirshleifer | Academic Influence

David Hirshleifer's AcademicInfluence.com Rankings

David Hirshleifer

Economics

#348

World Rank

#440

Historical Rank

#220

USA Rank

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Economics

David Hirshleifer's Degrees

PhD Finance University of Chicago
Masters Economics University of Chicago

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Why Is David Hirshleifer Influential?

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According to Wikipedia, David Hirshleifer is an American economist. He is a professor of finance and currently holds the Merage chair in Business Growth at the University of California at Irvine. As of 2018 he became President-Elect of the American Finance Association. In 2017, he was elected as Vice President of the American Finance Association and assigned as research associate to National Bureau of Economic Research. He was previously a professor at the University of Michigan, Ohio State University, and UCLA. His research is mostly related to behavioral finance and informational cascades. In 2007, he was on the Top 100 list of most cited economist by Web of Science's Most-Cited Scientists in Economics & Business.

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David Hirshleifer's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades (1992) (6419)
Presentation Slides for 'Investor Psychology and Security Market Under and Overreactions' (1998) (3418)
Investor Psychology and Asset Pricing (2001) (2240)
Learning from the behavior of others : conformity, fads, and informational cascades (1998) (1902)
Limited Attention, Information Disclosure, and Financial Reporting (2003) (1750)
Good Day Sunshine: Stock Returns and the Weather (2001) (1550)
Are Overconfident CEOs Better Innovators? (2011) (1324)
Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2007) (1241)
Overconfidence, Arbitrage, and Equilibrium Asset Pricing (2001) (935)
Behavioral Finance (2014) (784)
Does Investor Misvaluation Drive the Takeover Market? (2003) (773)
Do Investors Overvalue Firms with Bloated Balance Sheets? (2004) (768)
Herd Behaviour and Cascading in Capital Markets: A Review and Synthesis (2003) (720)
Security Analysis and Trading Patterns When Some Investors Receive Information Before Others (1994) (707)
Innovative Efficiency and Stock Returns (2012) (629)
Investor Psychology in Capital Markets: Evidence and Policy Implications (2001) (610)
Managerial Conservatism, Project Choice, and Debt (1992) (531)
Limited Investor Attention and Stock Market Misreactions to Accounting Information (2010) (372)
COOPERATION IN A REPEATED PRISONERS' DILEMMA WITH OSTRACISM (1989) (346)
A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-Reactions (1997) (344)
Does Investor Misvaluation Drive the Takeover Market (2006) (342)
Residual Risk, Trading Costs, and Commodity Futures Risk Premia (1988) (339)
Do Tender Offers Create Value? New Methods and Evidence (2004) (311)
Herd Behavior and Cascading in Capital Markets: A Review and Synthesis (2001) (269)
On the Survival of Overconfident Traders in a Competitive Securities Market (2001) (266)
Are Investors Really Reluctant to Realize their Losses? Trading Responses to Past Returns and the Disposition Effect (2012) (261)
Risk, managerial effort, and project choice (1992) (258)
Do Individual Investors Cause Post-Earnings Announcement Drift? Direct Evidence from Personal Trades (2003) (256)
Short Arbitrage, Return Asymmetry and the Accrual Anomaly (2010) (247)
Accruals, cash flows, and aggregate stock returns (2009) (231)
Managerial Reputation and Corporate Investment Decisions (1993) (225)
Managerial Reputation and Corporate Investment Decisions (1993) (225)
Reference Point Adaptation: Tests in the Domain of Security Trading (2008) (208)
Do Investors Learn from Experience? Evidence from Frequent IPO Investors (2010) (198)
Overconfident Investors, Predictable Returns, and Excessive Trading (2015) (197)
The Accrual Anomaly: Risk or Mispricing? (2010) (187)
Hedging Pressure and Futures Price Movements in a General Equilibrium Model (1990) (181)
Short- and Long-Horizon Behavioral Factors (2017) (174)
Managerial performance, boards of directors and takeover bidding (1994) (170)
Fear of the Unknown: Familiarity and Economic Decisions (2007) (169)
Asset Pricing in Production Economies with Extrapolative Expectations (2015) (167)
Price Discrimination through Offers to Match Price (1987) (166)
Share Tendering Strategies and the Success of Hostile Takeover Bids (1990) (159)
Feedback and the Success of Irrational Investors (2003) (159)
Facilitation of Competing Bids and the Price of a Takeover Target (1989) (142)
Thought and Behavior Contagion in Capital Markets (2008) (130)
A Cross-Cultural Study of Reference Point Adaptation: Evidence from China, Korea, and the US (2007) (129)
Innovative Originality, Profitability, and Stock Returns (2017) (129)
A Financing-Based Misvaluation Factor and the Cross Section of Expected Returns (2010) (129)
Investor Overconfidence and the Forward Premium Puzzle (2010) (128)
A Theory of Costly Sequential Bidding (1998) (127)
Chapter 13. Investor Psychology and Security Market Under- and Overreaction (2005) (121)
Sidelined Investors, Trading-Generated News, and Security Returns (2001) (118)
Psychological Bias as a Driver of Financial Regulation (2007) (114)
Price theory and applications : decisions, markets, and information (2005) (113)
An Economic Approach to the Psychology of Change: Amnesia, Inertia, and Impulsiveness (2001) (111)
Overvalued Equity and Financing Decisions (2012) (106)
Opportunism as a Firm and Managerial Trait: Predicting Insider Trading Profits and Misconduct (2016) (106)
The Blind Leading the Blind: Social Influence, Fads and Informational Cascades (2008) (106)
Decision Fatigue and Heuristic Analyst Forecasts (2017) (105)
Determinants of Hedging and Risk Premia in Commodity Futures Markets (1989) (96)
Risk, Futures Pricing, and the Organization of Production in Commodity Markets (1988) (91)
The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies (2016) (89)
Presidential Address: Social Transmission Bias in Economics and Finance (2020) (80)
Corporate Control Through Board Dismissals and Takeovers (1998) (77)
Superstition and Financial Decision Making (2016) (77)
Social Transmission Bias and Investor Behavior (2016) (69)
Shared Analyst Coverage: Unifying Momentum Spillover Effects (2018) (67)
The Psychological Attraction Approach to Accounting and Disclosure Policy (2008) (64)
Disclosure to an Audience with Limited Attention (2004) (62)
Mood Betas and Seasonalities in Stock Returns (2018) (61)
Attention, Social Interaction, and Investor Attraction to Lottery Stocks (2019) (58)
Are overconfident CEOs better innovators?. The Journal of Finance, , . (2012) (58)
Can Individual Investors Beat the Market? (2005) (52)
Financial Innovations and Corporate Insolvency (1999) (52)
The Valuation of American Exchange Options with Application to Real Options (1995) (50)
Self-Enhancing Transmission Bias and Active Investing (2015) (48)
Mergers and acquisitions : strategic and informational issues (2008) (42)
Disclosure to a Credulous Audience: The Role of Limited Attention (2002) (40)
Covariance Risk, Mispricing, and the Cross Section of Security Returns (2000) (39)
Taking the Road Less Traveled by: Does Conversation Eradicate Pernicious Cascades? (2009) (39)
Futures Trading, Storage and the Division of Risk: A Multiperiod Analysis (1989) (36)
Why do experienced hedge fund managers have lower returns (2003) (35)
Conversation, Observational Learning, and Informational Cascades (2000) (29)
How to Write an Effective Referee Report and Improve the Scientific Review Process (2016) (28)
Stock market misvaluation and corporate investment (2007) (27)
Investor Psychology and Tests of Factor Pricing Models (2005) (26)
Futures versus Share Contracting as Means of Diversifying Output Risk (1993) (22)
Accruals and Aggregate Stock Market Returns (2007) (20)
A Generalized Earnings-Based Stock Valuation Model (2004) (19)
Stock Market Overvaluation, Moon Shots, and Corporate Innovation (Presentation Slides) (2018) (19)
Visibility Bias in the Transmission of Consumption Beliefs and Undersaving (2019) (18)
Does Investment Skill Decline due to Cognitive Aging or Improve with Experience (2006) (16)
Seasonal Patterns of Futures Hedging and the Resolution of Output Uncertainty (1991) (15)
The Exploratory Mindset and Corporate Innovation (2020) (15)
Firm and Managerial Incentives to Manipulate the Timing of Project Resolution (2001) (15)
Macro News and Micro News: Complements or Substitutes? (2021) (14)
Herding and Cascading in Capital Markets: A Review and Synthesis (2008) (14)
Moonshots, investment booms, and selection bias in the transmission of cultural traits (2020) (13)
Visibility Bias in the Transmission of Consumption Norms and Undersaving (2014) (13)
Investor Overconfidence and the Forward Discount Puzzle (2005) (13)
Promotion Tournaments and Capital Rationing (2005) (12)
Information Cascades and Social Learning (2021) (12)
Misvaluation and Corporate Inventiveness (2017) (12)
Limited Investor Attention and Earnings-Related Under- and Over-Reactions (2005) (12)
Editorial: Cosmetic Surgery in the Academic Review Process (2015) (11)
Beyond the Disposition Effect : Do Investors Really Like Realizing Gains More than Losses ? (2011) (11)
Presentation Slides for 'Limited Attention, Information Disclosure, and Financial Reporting' (2002) (10)
Systemic Risk, Coordination Failures, and Preparedness Externalities: Applications to Tax and Accounting Policy (2009) (10)
Presentation Slides for 'Investor Psychology and Asset Pricing' (2001) (10)
Information Asymmetry, Market Participation, and Asset Prices (2016) (10)
Preliminary Version Comments Welcome Fear of The Unknown : The Effects of Familiarity on Financial Decisions (2003) (9)
Information Cascades and Observational Learning (2005) (9)
One Brief Shining Moment(um): Past Momentum Performance and Momentum Reversals (2017) (8)
Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns (2007) (8)
Social Transmission Bias and Active Investing (2016) (8)
Don’t Hide Your Light Under a Bushel: Innovative Originality and Stock Returns (2012) (8)
EXTRAPOLATIVE ASSET PRICING (2018) (7)
Do short-sellers arbrtrage accrual-based return anomalies? (2007) (7)
Systemic risk, coordination failures, and preparedness externalities (2013) (7)
When do Investors Exhibit Stronger Behavioral Biases ? (2005) (7)
First Impression Bias: Evidence from Analyst Forecasts* (2020) (7)
Informational Cascades and Social Conventions (1997) (7)
Cooperation in a Repeated Prisoner ' s Dilemma with Ostracism (2017) (7)
Social Networks and Market Reactions to Earnings News (2021) (7)
Accruals and Noa Anomalies: Risk or Mispricing?* (2005) (6)
Preparing a Referee Report: Guidelines and Perspectives (2016) (6)
INVESTOR MISPERCEPTIONS OF BALANCE SHEET INFORMATION : NET OPERATING ASSETS AND THE SUSTAINABILITY OF FINANCIAL PERFORMANCE (2003) (6)
Social finance as cultural evolution, transmission bias, and market dynamics (2020) (6)
How psychological bias shapes accounting and financial regulation (2017) (5)
Model Uncertainty, Ambiguity Aversion, and Market Participation (2017) (5)
First Impressions and Analyst Forecast Bias (2019) (5)
Learning to Fail - Evidence from Frequent IPO Investors (2009) (5)
Do Short-Sellers Arbitrage Accounting-Based Stock Market Anomalies?* (2005) (5)
Naïve *Buying* Diversification and Narrow Framing by Individual Investors (2019) (4)
Self-Deception and Deception in Capital Markets (2004) (4)
Psychological Influences on Financial Regulation and Policy (2011) (4)
Institutional Memory, Inertia, and Impulsiveness (1999) (4)
Social transmission bias and the cultural evolution of folk-economic beliefs (2018) (4)
(Presentation Slides) Investor Overconﬁdence, Covariance Risk, and Predictors of Securities Returns (1998) (3)
Reputation, Incentives, and Managerial Decision (2008) (3)
Misvaluation of New Trademarks (2019) (3)
Social Transmission Bias and Cultural Evolution in Financial Markets (2020) (3)
Prospect Theory and Reference Point Adaptation: Evidence from the US, China, and Korea (2007) (3)
Price Theory and Applications: Frontmatter (2005) (3)
RISK OR MISPRICING (2010) (3)
Are Overconfident CEOs Better Innovators? (Presentation Slides) (2018) (2)
Beyond the Disposition Effect: Do Investors Really Like Gains More Than Losses? (2011) (2)
Market-Based Estimates of Value Gains from Takeovers: An Intervention Approach (1996) (2)
American Finance Association: Publisher of The Journal of Finance (2017) (2)
Attention, Psychological Bias, and Social Interactions (Presentation Slides, for Finance Theory Group Wharton Summer School) (2019) (2)
On the survival of overcon " dent traders in a competitive securities market q (2000) (2)
Do Trade Creditors Possess Private Information? Stock Returns Evidence (2019) (2)
A Checklist for Reviewing a Paper (2016) (2)
Presentation Slides for 'Can Individual Investors Beat the Market?' (2001) (2)
Uncertainty and Trading Strategies of Institutional Investors (2009) (2)
Decisions Without Blinders (2008) (2)
Managerial Scientific Expertise, Innovation, and Firm Performance (2017) (1)
The UMO (Undervalued Minus Overvalued) Factor (2011) (1)
Feedback and the Success of Irrational Investors - eScholarship (2002) (1)
Presentation Slides for 'Innovative Efficiency and Stock Returns' (2018) (1)
DESIGN OF CORPORATE GOVERNANCE: (2005) (1)
The FIN and PEAD Factors: Motivation, Construction, and Availability (2020) (1)
Evolutionary dynamics of culturally transmitted, fertility-reducing traits (2019) (1)
A Theory of Costly Sequential Bidding (Presentation Slides) (2018) (1)
A REPEATED PRISONERS ’ DILEMMA WITH OSTRACISM (2002) (1)
Attention, Psychological Bias, and Social Interactions (Presentation Slides, for Finance Theory Group Wharton Summer School (Long Version)) (2019) (1)
Up or Out: Resetting Norms for Peer Reviewed Publishing in the Social Sciences (2020) (1)
Bringing Evolutionary Thinking into Economics and Finance: Advice for an Aspiring Economist (2020) (1)
Social Contagion and the Survival of Diverse Investment Styles (2021) (1)
Overvalued Equity and Financing Decisions (Presentation Slides) (2012) (1)
Preliminary version Does Investor Misvaluation Drive the Takeover Market ? (2002) (1)
Index Investing and Asset Pricing under Information Asymmetry and Ambiguity Aversion (2017) (1)
Sidelined Investors, Trading-Generated News, and the Conditional Moments of Stock Returns (2008) (1)
Price Theory and Applications: Applications and Extensions of Demand Theory (2005) (1)
Richard A. Lanham, The Economics of Attention: Style and Substance in the Age of Information (2009) (1)
Do Trade Creditors Possess Private Information? Evidence from Firm Performance (2020) (1)
Aggregate Accruals and Stock Market Returns (2005) (1)
Shared Analyst Coverage: Unifying Momentum Spillover Effects (Internet Appendix) (2019) (0)
Price Theory and Applications: The Nature and Scope of Economics (2005) (0)
Price Theory and Applications: Competition Among the Few: Oligopoly and Strategic Behavior (2005) (0)
New Evolutionary Finance: Social Transmission Bias and Cultural Evolution in Financial Markets (2020) (0)
Joint Editorial (2008) (0)
Preliminary Version Self-Enhancing Transmission Bias and Active Investing (2009) (0)
Price Theory and Applications: The Economics of Time (2005) (0)
Price Theory and Applications: Answers to Selected Questions (2005) (0)
(Presentation Slides) Do Short-Sellers Arbitrage the Accrual Anomaly? (2010) (0)
Presentation Slides for 'Decision Fatigue and Heuristic Analyst Forecasts' (2020) (0)
Product Quality and Product Variety (2005) (0)
Superstition and Financial Decision Making Current draft : August 2012 (2012) (0)
Corporate Control and Majority Positions (2008) (0)
Teaching Slides on Short and Long Horizon Behavioral Factors (2021) (0)
Accruals, Balance Sheet Bloat, and Aggregate Stock Returns (2005) (0)
Price Theory and Applications: Monopolies, Cartels, and Networks (2005) (0)
On the Survival of Overcon fi dent Traders in a Competitive Securities Market 1 (2000) (0)
AMERICAN FINANCE ASSOCIATION (2018) (0)
Price Theory and Applications: Dealing with Uncertainty – The Economics of Risk and Information (2005) (0)
Style as an Attention Technology (2006) (0)
Price Theory and Applications: Exchange, Transaction Costs, and Money (2005) (0)
OP-ROFF180010 1631..1666 (2018) (0)
Cosmetic Surgery: Reviewer Signal-Jamming and Compulsory Embellishment in the Publication Process (Presentation Slides) (2016) (0)
Presentation Slides for American Finance Association 2020 Presidential Address: Social Transmission Bias in Economics and Finance (2020) (0)
NBER WORKING PAPER SERIES SHORT AND LONG HORIZON BEHAVIORAL FACTORS (2017) (0)
NBER WORKING PAPER SERIES SHARED ANALYST COVERAGE: UNIFYING MOMENTUM SPILLOVER EFFECTS (2018) (0)
Superstition and Financial Decision Making Current draft : March 2016 (2016) (0)
There is little evidence that the Industrial Revolution was caused by a preference shift (2019) (0)
Overconfident Investors, Predictable Returns, and Excessive Trading - eScholarship (2015) (0)
Deception and Self-Deception in Capital Markets (2008) (0)
Presentation Slides for 'Are Investors Really Reluctant to Realize Their Losses? Trading Responses to Past Returns and the Disposition Effect' (2012) (0)
IN A GENERAL EQUILIBRIUM MODEL (1990) (0)
Presentation Slides for 'Innovative Originality, Profitability, and Stock Returns' (2018) (0)
Price Theory and Applications: Government, Politics, and Conflict (2005) (0)
May 18 , 2004 Self-Deception and Deception in Capital Markets (2004) (0)
Futures Versus Share Contracting as Alternatives for Diversifying Output Risk (2008) (0)
Price Theory and Applications: The Demand for Factor Services (2005) (0)
Transcript of the AFA 2020 Presidential Address with Presentation Slides: Social Transmission Bias in Economics and Finance (2020) (0)
Price Theory and Applications: Utility and Preference (2005) (0)
The Blurring of Boundaries between Financial Institutions and Markets (2008) (0)
Superstition and Financial Decision Making Current draft: September 2014 (2014) (0)
Price Theory and Applications: Resource Supply and Factor-Market Equilibrium (2005) (0)
Price Theory and Applications: Preface (2005) (0)
Social Transmission Bias and the Cultural Evolution of Folk Economic Beliefs (2017) (0)
NBER WORKING PAPER SERIES DECISION FATIGUE AND HEURISTIC ANALYST FORECASTS (2017) (0)
Consumption and Demand (2005) (0)
Price Theory and Applications: Working Tools (2005) (0)
Price Theory and Applications: The Business Firm (2005) (0)
Index and Smart Beta when Investors are Ambiguity Averse (2018) (0)
First Impression Bias: Evidence from Analyst Forecasts (2020) (0)
Equilibrium in the Product Market – Competitive Industry (2005) (0)
News Diffusion in Social Networks and Stock Market Reactions (2023) (0)
Price Theory and Applications: Welfare Economics: The Market and the State (2005) (0)
A Model of Hedging and Futures Price Bias (1983) (0)

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What Schools Are Affiliated With David Hirshleifer?

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