NICHOLAS C. BARBERISStephen and Camille Schramm Professor of FinanceYale School of ManagementThank you for visiting my website at Yale SOM. Below, you can find:
Contact information
203-436-0777 nick.barberis AT yale.edu Regular mail Yale School of Management PO Box 208200 New Haven CT 06520-8200 Courier mail Yale School of Management 165 Whitney Avenue New Haven CT 06511 Curriculum vitae
Research papersFor the past 25 years, I have worked on behavioral finance, a large and vibrant field that tries to understand financial markets using frameworks that make psychologically realistic assumptions about human behavior. Together with my co-authors, I build models of investor behavior and asset prices that are rooted in the cognitive science of how people form beliefs and make decisions under risk.You can find more information about my research on my Google Scholar page here. You can also click here for a description of my research agenda. (It's from a long time ago, but may still be of interest; I plan to post a new version soon.)
Videos and other media
Behavioral finance online lecturesIn January 2017, as part of the American Economic Association's Continuing Education program, Ulrike Malmendier and I delivered a two-day, 12-hour course on behavioral finance. The lectures were recorded and are available for free online here.Master's students, PhD students, and faculty members in economics and finance who are interested in learning more about behavioral finance may find these lectures helpful. I did the first half (Parts 1 through 4) on applications to asset prices and investor behavior; Ulrike did the second half (Parts 5 through 9) on corporate finance applications. The slides for my part are here. Former studentsI devote a lot of time to working with PhD students and helping them with their dissertation research. Here are links to some of the students I have advised in past years. I very much recommend taking a look at their work if you are not already familiar with it!
NBER Working Group on Behavioral FinanceIn 1991, Robert Shiller and Richard Thaler co-founded the Behavioral Finance Working Group under the auspices of the National Bureau of Economic Research (NBER). They ran it for 24 years and, through twice-yearly conferences, built it into the leading venue for presentation of high-quality research in behavioral finance.I took over as Director in summer 2015. Below, you can find the programs of the 18 conferences I have organized as Director so far. About 80 of the most active researchers in the field attend each time; the spring meeting is in Chicago, and the fall meeting is in Cambridge, MA. Attendance is by invitation only, per NBER policy. However, the meetings are live-streamed on the NBER's Youtube channel, and everyone is welcome to watch the presentations and discussions there.
Behavioral Economics Annual Meeting (BEAM)In 2009, Ulrike Malmendier (UC Berkeley), Ted O'Donoghue (Cornell), and I co-founded the Behavioral Economics Annual Meeting, known as BEAM for short. Our goal was to set up an annual conference where researchers in behavioral economics could gather to present and discuss their latest ideas.The conference has convened every year since 2009; Ulrike, Ted, and I have co-organized it each time. The event takes place in May and its location cycles between UC Berkeley, Cornell, and Yale. Every year, the event attracts about 100 of the most active researchers in the field. Because of capacity constraints, attendance is by invitation only. However, anyone is welcome to submit a paper for consideration; the deadline is in late January. You can find more information about BEAM, including all past programs, at the official website here. Summer school in behavioral financeThe Yale Summer School in Behavioral Finance is a one-week intensive course in behavioral finance for PhD students. The goal is to introduce students to the latest developments in the field and to give them a chance to interact with each other and with established researchers.The first program took place in the week of June 22nd, 2009. Six faculty from Yale and other universities taught the program and 40 students participated. The second program took place in the week of June 27th, 2011. Eight faculty taught the program and 44 students participated. The third program took place in the week of June 24th, 2013. Eight faculty taught the program and 46 students participated (see first photo below!). The fourth program took place in the week of June 22nd, 2015. Nine faculty taught the program and 44 students participated. The fifth program took place in the week of June 19th, 2017. Nine faculty taught the program and 42 students participated. The sixth program took place in the week of June 24th, 2019. Ten faculty taught the program and 44 students participated (see second photo below!). The seventh program took place in the week of June 13th, 2022. Eight faculty taught the program and 49 students participated. The eighth program took place in the week of June 10th, 2024. Seven faculty taught the program and 46 students participated. (The original application form is here.) |