本門課程有兩本必讀教材:
This course has two required textbooks:
Kahneman, Daniel和 Amos Tversky(編)《選擇,價值和框架》劍橋大學出版社,2000。(以下簡稱CVF)
Kahneman, Daniel, and Amos Tversky, eds. Choices, Values and Frames. Cambridge University Press, 2000. (This book is henceforth referred to as CVF.)
Shleifer, Andrei《低效率資本市場:行為金融學概論》牛津大學出版社,2000。(以下簡稱ICM)
Shleifer, Andrei. Inefficient Capital Markets: An Introduction to Behavioral Finance. Oxford UP, 2000. (This book is henceforth referred to as ICM.)
以下書目也是相當有用:
The following books are also useful:
Camerer, Colin F., George Loewenstein和Matthew Rabin(編)《行為經濟學進展》普林斯頓大學出版社,2003 (以下簡稱ABE)
Camerer, Colin F., George Loewenstein, and Matthew Rabin, eds. Advances in Behavioral Economics. Princeton University Press, 2003. (This book is henceforth referred to as ABE.)
Thaler, Richard 《行為金融學進展》Russel Sage基金會,1993
Thaler, Richard. Advances in Behavioral Finance. Russel Sage Foundation, 1993.
其他閱讀材料如下所列,必讀書目用星號(*)表示
The remainder of reading assignments are listed below. Required readings are denoted by an asterisk (*).
導讀
Introduction
*Rabin, M.〈經濟學與心理〉《經濟學文獻期刊》 第36卷第1期 (1998年3月): 11-46頁
*Rabin, M. "Economics and Psychology." JEL 36, no. 1 (March 1998): 11-46.
*Kahneman, D.〈有限理性的地圖:行為經濟學的心理學〉《美國經濟學評論》(2003年12月): 1449-1475頁。
*Kahneman, D. "Maps of Bounded Rationality: Psychology for Behavioral Economics." American Economic Review (December 2003): 1449-1475.
本文是Kahneman的諾貝爾獎講座。請看錄影帶。
This is Kahneman's Nobel lecture. See a video of it.
Thaler, Richard 《贏家的詛咒:經濟生活中的悖論和異常》普林斯頓大學出版社,1994
Thaler, Richard. The Winner's Curse: Paradoxes and Anomalies of Economic Life. Princeton, N. J.: Princeton University Press, 1994.
傳統反議的討論
Discussion of Traditional Objections
Akerlof, George A., 和Janet L. Yellen.〈理性的微小偏差是否會造成經濟平衡的顯著變化?〉《美國經濟學評論》第75卷第4期(1985年9月): 708-20頁。
Akerlof, George A., and Janet L. Yellen. "Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?" American Economic Review 75, no. 4 (September 1985): 708-20.
*Gabaix, Xavier和David Laibson. 《一些以有限理性消費者為對像的行業組織:噪音》
*Gabaix, Xavier, and David Laibson. "Some Industrial Organization With Boundedly Rational Consumers: Noise."
**《ICM》第二章
ICM. Chapter 2.
*R. Thaler. 〈心理與經濟學會議手冊:評Simon、Einhorn和Hogarth及Tversky和Kahneman〉《商業期刊》第59卷第4期,第二部分(1986年10月): S279 - S284頁。
*Thaler, R. "The Psychology and Economics Conference Handbook: Comments on Simon, on Einhorn and Hogarth, and on Tversky and Kahneman." Journal of Business 59, no. 4. Part 2 (Oct 1986): S279 - S284.
微觀經濟學(個體經濟學)
Microeconomics
一些關於決策的心理學
Some Psychology of Decision-making
*Camerer, C.〈個體決策〉《實驗經濟學手冊》J. Kagel, A. Roth(編)普林斯頓大學出版社, 1995, 587-703頁
*Camerer, C. "Individual Decision Making." Handbook of Experimental Economics. Edited by J. Kagel, and A. Roth. Princeton UP, 1995, pp. 587-703.
Kahneman, D., J. Knetsch和R. Thaler. 〈原賦效應和科斯定理的實驗測試〉《政治經濟學期刊》(1990): 1325-48頁。
Kahneman, D., J. Knetsch, and R. Thaler. "Experimental Tests of the Endowment Effect and Coase Theorem." JPE (1990): 1325-48.
*Tversky, A.和D. Kahneman.〈不確定性之下的判斷:經驗啟發與偏差〉《科學》第185期 (1974): 1124-31頁。
*Tversky, A., and D. Kahneman. "Judgement Under Uncertainty: Heuristics and Biases." Science 185 (1974): 1124-31.
Thaler, R.〈心理會計〉《準理性經濟學》Russell Sage基金會,1991。
Thaler, R. "Mental Accounting." In Quasi-Rational Economics. Russell Sage Foundation, 1991.
Tversky, A.和D. Kahneman. 〈決策的框架和選擇的心理學〉《科學》第211期 (1981): 453-8頁。
Tversky, A., and D. Kahneman. "The Framing of Decisions and the Psychology of Choice." Science 211 (1981): 453-8.
Slovic, Paul 《理性行動者和理性傻瓜:情感直觀推斷在行為經濟學的含義》
Slovic, Paul. "Rational Actors and Rational Fools: Implications of the Affect Heuristic for Behavioral Economics."
在風險和不確定性下的決策
Decisions Under Risk and Uncertainty
*Kahneman, D.和A. Tversky.〈展望理論:在風險下決策的分析〉《計量經濟學》第47卷, 第2期(1979年3月): 263-91頁,CVF, 第二章。
*Kahneman, D., and A. Tversky. "Prospect Theory: An Analysis of Decision Under Risk." Econometrica 47, no. 2 (March 1979): 263-91. CVF, Chapter 2.
*Plott, C.和K. Zeiler.《願意支付和願意接受差別,"稟賦效應",對像誤解和得出評估的實驗過程》2003年,加州理工油印件
*Plott, C., and K. Zeiler. "The Willingness to Pay/Willingness to Accept Gap, The "Endowment Effect," Subject Misconceptions and Experimental Procedures for Eliciting Valuations." 2003. Caltech Mimeo.
*Rabin.《邊際效用遞減不能解釋風險規避》亦可參考Rabin, Matthew〈風險規避及預期效用理論:一個校正法則〉見〈註腳和評論〉《計量經濟學》第68卷第5期 (2000年9月):1281-1292頁。CVF, 第11章。
*Rabin. "Diminishing Marginal Utility Cannot Explain Risk Aversion." You can consult also Rabin, Matthew. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem." (In Notes and Comments) Econometrica 68, no. 5 (Sep 2000): 1281-1292. CVF, Chapter 11.
*Tversky, A.和 D. Kahneman.〈展望理論進展:不確定性的累計表達〉《風險與不確定性期刊雜誌》第5卷第期 (1992)。《CVF》, 第三章。
*Tversky, A., and D. Kahneman. "Advances in Prospect Theory: Cumulative Representation of Uncertainty." Journal of Risk and Uncertainty 5, no. 4 (1992). CVF, Chapter 3.
自負和信仰操縱
Overconfidence, and Manipulation of Beliefs
Benabou, R和Jean Tirole.〈自信和個人激勵〉《經濟學季刊》第117卷第3期 (2002年8月):871-915頁。
Benabou, R., and Jean Tirole. "Self-Confidence and Personal Motivation." Quarterly Journal of Economics 117, no. 3 (August 2002): 871-915.
Brunnermeier, M.和J. Parker.《期望優化》普林斯頓大學(2002)。
Brunnermeier, M., and J. Parker. Optimal Expectations. Princeton University (2002).
Koszegi, B. U.《自我效用與資訊獲取》Berkeley油印件
Koszegi, B. U. "Ego Utility and Information Acquisition." Berkeley Mimeo. (PDF)
Landier, Augustin和David Thesmar《與樂觀企業家訂約:理論與實證》2004年5月
Landier, Augustin, and David Thesmar. "Contracting with Optimistic Entrepreneurs: Theory and Evidence." May 2004. (PDF)
Quattrone和Tversky 〈政治選擇的理性和心理分析的對比〉《美國政治學評論》第82卷第3期 (9月):720-736頁。《CVF》,第25章
Quattrone, and Tversky. "Contrasting Rational and Psychological Analyses of Political Choice." American Political Science Review 82, no. 3 (September): 720-736. CVF, Chapter 25.
Rabin, Matthew和Joel Schrag〈第一印象很重要:一個證實性偏差的模型〉《經濟學季刊》第114卷第1期 (1999年2月):37-82頁。
Rabin, Matthew, and Joel Schrag. "First Impressions Matter: A Model of Confirmatory Bias.'' Quarterly Journal of Economics 114, no. 1 (February 1999): 37-82.
Weinstein〈對未來生活事件的不現實期待〉《個性與社會心理學期刊》第39期 (1980): 806-820頁。
Weinstein. "Unrealistic Expectations About Future Life Events." Journal of Personality and Social Psychology 39 (1980): 806-820.
決策效用和經驗體驗效用
Decision Utility and Experienced Utility
*Gilbert, D. T., E. C. Pinel, T. D. Wilson, S. J. Blumberg和 T. P. Wheatley〈情感預測的的耐久性偏差〉於T. Gilovich, D. Griffin和D. Kahneman編輯《經驗啟發和偏差:直覺判斷心理學》劍橋大學出版社,2002,292-312頁。
*Gilbert, D. T., E. C. Pinel, T. D. Wilson, S. J. Blumberg, and T. P. Wheatley. "Durability Bias in Affective Forecasting." In Heuristics and Biases: The Psychology of Intuitive Judgment. Edited by T. Gilovich, D. Griffin, and D. Kahneman. Cambridge: Cambridge University Press, 2002, pp. 292-312.
*Kahneman, Daniel等人〈回歸到邊沁?〉《經濟學季刊》第112卷第2期(1997年5月): 375-405頁。
*Kahneman, Daniel, et al. "Back to Bentham?" QJE 112, no. 2 (May 1997): 375-405.
*Kahneman, Daniel.〈經驗效用和客觀幸福:一個基於瞬間的方法〉《CVF》第37章.
*Kahneman, Daniel. Experienced Utility and Objective Happiness: A Moment-Based Approach. CVF, Chapter 37.
幸福學(快樂經濟學)
Happiness
Frey, B.和A. Stutzer.〈經濟學家能從幸福學研究中學會什麼?〉《經濟學文獻期刊》(2002): 402-35頁。
Frey, B., and A. Stutzer. "What can Economists Learn from Happiness Research?" Journal of Economic Literature (2002): 402-35.
權變假設評估
Contingent Valuation
*Kahneman, D., Ilana Ritov和Savid Schkade.〈經濟偏好還是態度表達?對以美元回應公共事件的分析〉《CVF》第36章。
*Kahneman, D., Ilana Ritov, and Savid Schkade. "Economic Preferences or Attitude Expressions? An Analysis of Dollar Responses to Public Issues." CVF, Chapter 36.
*Gul, F和Pesendorfer,《自控和消費理論》。油印件
Gul, F., and Pesendorfer. "Self-Control and the Theory of Consumption." Mimeo.
時間折扣
Time Discounting
一些關於時間折扣的心理學實證
Some Psychological Evidence on Time Discounting
*Frederick, Shane,G. Loewenstein和T. O'Donoghue.〈時間折扣:批評的評論〉《經濟學文獻期刊》即將發表。見《ABE》
*Frederick, Shane, and G. Loewenstein, and T. O'Donoghue. "Time Discounting: A Critical Review." Forth. JEL. In ABE.
Metcalfe, J.和 W. Mischel.〈延遲滿足的冷/熱系統分析:意願動力學〉《心理學評論》第106卷第1期 (1999):3-19頁。
Metcalfe, J., and W. Mischel. "A Hot/Cold System Analysis of Delay of Gratification: Dynamics of Willpower." Psychological Review 106, no. 1 (1999): 3-19.
Mischel, W., Y. Shoda和M. L. Rodriguez.〈兒童的延遲滿足〉於Elster和Loewenstein編輯《長時間的選擇》Russell Sage基金會,1992。
Mischel, W., Y. Shoda, and M. L. Rodriguez. "Delay of Gratification in Children." In Choice over Time. Edited by Elster, and Loewenstein. Russell Sage Foundation, 1992.
時間折扣和自控的建模
Modeling Time Discounting and Self-control
*Gul, F和Pesendorfer.〈自控和消費理論〉油印件
Gul, F., and Pesendorfer. "Self-Control and the Theory of Consumption." Mimeo.
*Laibson, D.〈金蛋和雙曲型折扣〉第112卷第2期 (1997年5月):443-77頁
*Laibson, D. "Golden Eggs and Hyperbolic Discounting." QJE 112, no. 2 (May 1997): 443-77.
應用
Applications
Angeletos, M., D. Laibson, A. Repetto和J. Tobacman.〈雙曲型緩衝股票模型:標度、模擬和經驗評估〉《政治心理學期刊》(2002)
Angeletos, M., D. Laibson, A. Repetto, and J. Tobacman. "The Hyperbolic Buffer Stock Model: Calibration, Simulation, and Empirical Evaluation." JEP (2002).
Bernheim, D., D. Garrett和D. Maki. 《教育和儲蓄:中學必修金融課程的長期效應》工作論文 97012,斯坦福大學經濟學系 。
Bernheim, D., D. Garrett, and D. Maki. "Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates." Working Paper 97012, Stanford University, Department of Economics.(PDF)
*Bernheim, D., J. Skinner和S. Weinberg.〈如何解釋美國退休家庭財富的差異?〉《美國經濟學評論》91 (2001):832-857頁。參考斯坦福工作論文97035 。
*Bernheim, D., J. Skinner, and S. Weinberg. "What Accounts for the Variation in Retirement Wealth Among U.S. Households?" AER 91 (2001): 832-857. See also: Stanford Working Paper 97035. (PDF)
*Laibson, D., A. Repetto和J. Tobacman.〈債之謎〉將發表在《紀念E. Phelps的文獻》。
*Laibson, D., A. Repetto, and J. Tobacman. "A Debt Puzzle." Forthcoming in Essays in Honor of E. Phelps.
Luttmer, Erzo和Thomas Mariotti.〈交換經濟中的主觀折扣〉《政治經濟學》(2003)(金融應用)
Luttmer, Erzo, and Thomas Mariotti. "Subjective Discounting in an Exchange Economy." JPE (2003). (Finance application)
Mankiw.〈財政政策的儲蓄者-消費者理論〉《美國經濟學評論》 (2000年5月)。
Mankiw. "The Savers-Spenders Theory of Fiscal Policy." AER (May 2000).
O'Donoghue, Ted和M. Rabin.〈現在做還是待會兒做?〉《美國經濟學評論》第89卷第1期 (1999年3月):103-24頁。
O'Donoghue, Ted, and M. Rabin. "Doing It Now or Later." AER 89, no. 1 (March 1999): 103-24.
金融知識和社會影響
Financial Literacy and Social Influence
Choi, James C. Choi, David Laibson, Brigitte C. Madrian和Adnrew Metrick〈主動決策:儲蓄的一項自然實驗〉2003年8月4日
Choi, James C. Choi, David Laibson, Brigitte C. Madrian, and Adnrew Metrick. "Active Decisions: A Natural Experiment in Savings." August 4, 2003. (PDF)
Duflo, E.和E. Saez. 《退休計畫的參與和投資決策:同事選擇的影響》美國國家經濟研究局工作論文 W7735號
Duflo, E., and E. Saez. "Participation and Investment Decisions in a Retirement Plan: The Influence of Colleagues' Choices." NBER Working Paper No. W7735.
Madrian, Brigitte和D. Shea.〈建議的力量:401(k)參與的慣性和儲蓄行為〉《經濟學季刊》第116期 (2001):1149-1525頁。
Madrian, Brigitte, and D. Shea. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior." Quarterly Journal of Economics 116 (2001): 1149-1525.
*Thaler和Bernatzi. 《明天多儲蓄:利用行為經濟學增加員工儲蓄》
*Thaler, and Bernatzi. "Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving." (PDF)
其他視角
Other Perspectives
Ameriks, John, Andrew Caplin和John Leahy.〈財富積累和計畫傾向〉即將發表於《經濟學季刊》
Ameriks, John, Andrew Caplin, and John Leahy. "Wealth Accumulation and the Propensity to Plan." Forthcoming Quarterly Journal of Economics.
有限理性
Bounded Rationality
更多相關實證
Some More Evidence
*Ariely, D., G. Loewenstein和D. Prelec〈一致的隨意:沒有固定偏好的穩定需求曲線〉《經濟學季刊》(2003):73-105頁。
*Ariely, D., G. Loewenstein, and D. Prelec. "Coherent Arbitrariness: Stable Demand Curves without Stable Preferences." Quarterly Journal of Economics (2003): 73-105.
*Costa-Gomes, M.等〈戰略複雜性和普通賽局認知的實驗性研究〉《計量經濟學》第69期 (2003):1193-1235頁。
*Costa-Gomes, M., et. al. "Experimental Studies of Strategic Sophistication and Cognition in Normal-Form Games." Econometrica 69 (2003): 1193-1235.
認知建模
Cognitive Modelling
Conlisk, John.〈為何有限理性?〉《經濟學文獻期刊》( 1996年6月):669-700頁。
Conlisk, John. "Why Bounded Rationality?" JEL (June 1996): 669-700.
Gabaix, Xavier和 David Laibson《有限理性和導向認知》油印件
Gabaix, Xavier, and David Laibson. "Bounded Rationality and Directed Cognition." Mimeo.
*Gabaix, Xavier, David Laibson, Guillermo Moloche和Stephen Weinberg.《注意力的分配:理論與實證》油印件
*Gabaix, Xavier, David Laibson, Guillermo Moloche, and Stephen Weinberg. "The Allocation of Attention: Theory and Evidence." Mimeo.
Gigerenzer, Todd等《使我們變聰明的簡單經驗啟發》Oxford U P, 1999。
Gigerenzer, Todd, et al. "Simple Heuristics that Make Us Smart." Oxford U P, 1999.
Ergin, Haluk《預期成本彈性的偏好》麻省理工油印件
Ergin, Haluk. "Preference for Flexibility with Contemplation Costs." MIT Mimeo.
Rubinstein, A《有限理性建模》麻省理工出版社,1998。
Rubinstein, A. Modeling Bounded Rationality. MIT Press, 1998.
近理性方法
The Near-rationality Approach
Akerlof, George A.和L. Janet Yellen.〈理性的微小偏差是否會造成經濟平衡的顯著變化?〉《美國經濟評論》第75卷第4期 (1985年9月):708-20頁。
Akerlof, George A., and L. Janet Yellen. "Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?" American Economic Review 75, no. 4 (September 1985): 708-20.
Evans, G.和G. Ramey.〈期望計算和宏觀經濟學動力〉《美國經濟評論》第 82卷 (1992年3月)
Evans, G., and G. Ramey. "Expectation Calculation and Macroeconomic Dynamics." American Economic Review 82 (March 1992).
*Gabaix, Xavier和David Laibson. 〈6D偏差與資產溢價之謎〉《美國國家經濟研究局宏觀年刊手冊》(2002)
*Gabaix, Xavier, and David Laibson. "The 6D Bias and the Equity Premium Puzzle." Forth. NBER Macro Annual (2002).
Mankiw, N. G.和Ricardo Reis.〈粘滯資訊相對於粘滯價格:一個替代新凱恩斯主義菲利普斯曲線的提議〉《經濟學季刊》第117卷第4期 (2002年12月)
Mankiw, N. G., and Ricardo Reis. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve." Quarterly Journal of Economics 117, no. 4 (November 2002).
Reis, Ricardo.《疏忽的消費者》
Reis, Ricardo. "Inattentive Consumers."
類別
Categorization
*Mullainathan, Sendhil.《通過類別思考》。麻省理工油印件
*Mullainathan, Sendhil. "Thinking through Categories." MIT Mimeo.
Fryer和Jackson《類別認知》。美國國家經濟研究局工作論文9579號,2003
Fryer, and Jackson. Categorical Cognition. NBER Working Papers 9579. 2003.
Wilson, Andrea〈資訊處理中的記憶局限和偏差〉《國家經濟學期刊工作論文評論》
Wilson, Andrea. "Bounded Memory and Biases in Information Processing." NajEcon Working Paper Reviews. (PDF)
記憶
Memory
*Ameriks, John, Andrew Caplin和John Leahy《漫不經心的消費者》2004年1月。
*Ameriks, John, Andrew Caplin, and John Leahy. "The Absent-Minded Consumer." January 2004. (PDF)
*Mullainathan, S.〈一個基於記憶力的有限理性模型〉《經濟學季刊》(2002)。
*Mullainathan, S. "A Memory Based Model of Bounded Rationality." QJE (2002). (PDF)
行為賽局論
Behavioral Game Theory
*Camerer, Ho和Chong.〈一次性賽局和實驗性分析的認知層次理論〉《經濟學季刊》即將發表
*Camerer, Ho, and Chong. "A Cognitive Hierarchy Theory of One-Shot Games and Experimental Analysis." Forth, QJE.
*Camerer, Colin和Teck-Hua Ho.〈普通規格賽局中的經驗加權吸引學習〉《計量經濟學》第67卷第4期(1999年7月):827-74頁。
*Camerer, Colin, and Teck-Hua Ho. "Experience Weighted Attraction Learning in Normal-Form Games." Econometrica 67, no. 4 (July 1999): 827-74.
*Ho, Teck-Hua, Colin F. Camerer和Juin-Kuan Chong.《低經驗加權吸引模式的經濟學價值:賽局學習的一個功能理論》。
*Ho, Teck-Hua, Colin F. Camerer, and Juin-Kuan Chong. "The Economic Value of EWA Lite: A Functional Theory of Learning in Games."
Camerer, Colin和Teck-Hua Ho.〈實驗性「p選美」中的反覆優勢和反覆最佳回應〉《美國經濟評論》第 88卷第4期(1998年9月): 947-69頁。
Camerer, Colin, and Teck-Hua Ho. "Iterated Dominance and Iterated Best Response in Experimental "p-Beauty Contests." AER 88, no. 4 (September 1998): 947-69.
*Erev, Ido和Alvin Roth.〈預測人們如何進行賽局〉《美國經濟學評論》第88卷第4期(1998年9月):848-81頁。
*Erev, Ido, and Alvin Roth. "Predicting How People Play Games." AER 88, no. 4 (September 1998): 848-81.
信任和社會資本
Trust and Social Capital
Glaeser, Laibson, Scheinkman和Soutter.〈什麼是社會資本?〉《經濟學季刊》(2001)
Glaeser, Laibson, Scheinkman, and Soutter. "What is Social Capital?" QJE (2001).
La Porta, Schleifer和Vishny〈大型組織中的信任〉《美國經濟學論文評論和記錄》1997年5月。
La Porta, Schleifer, and Vishny. "Trust in Large Organizations." American Economic Review Papers and Proceedings. May 1997.
公共財
Public Goods
Ledyard, John O.〈公共財:實驗性研究概覽〉《實驗經濟學手冊》普林斯頓大學出版社,1995。
Ledyard, John O. "Public Goods: A Survey of Experimental Research." Handbook of Experimental Economics. Princeton University Press, 1995.
注意力
Attention
Barber, Brad和Terrance Odean.《閃亮的東西:注意力和新聞對個體和機構投資者購買行為的影響》2003
Barber, Brad, and Terrance Odean. "All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors." 2003. (PDF)
Hirshleifer, David和Siew Teoh. 《有限注意,資訊公佈和財務報告》俄亥俄州立大學工作論文,2003年10月。背景閱讀。
Hirshleifer, David, and Siew Teoh. "Limited Attention, Information Disclosure, and Financial Reporting." Ohio State Working Paper, October 2003. Background.
*DellaVigna, Stefano和Joshua Pollet.《關注、人口變化和股票市場》2003。
DellaVigna, Stefano, and Joshua Pollet. "Attention, Demographic Changes, and the Stock Market." 2003.
*Gabaix, Xavier, David Laibson, Guillermo Moloche和Stephen Weinberg. 《注意力的分配:理論與實證》油印件
*Gabaix, Xavier, David Laibson, Guillermo Moloche, and Stephen Weinberg. "The Allocation of Attention: Theory and Evidence." Mimeo.
Hirshleifer, David, Sonya Lime和Siew Teoh.〈向輕信的聽眾發佈:有限關注的作用〉俄亥俄州立大學工作論文,2002年10月。
Hirshleifer, David, Sonya Lim, and Siew Teoh. "Disclosure to a Credulous Audience: The Role of Limited Attention." Ohio State Working Paper, October 2002.
*Hong, Harrison和Jeremy Stein.〈簡單預測和範例變換〉美國國家經濟研究局工作論文10013。
*Hong, Harrison, and Jeremy Stein. "Simple Forecasts and Paradigm Shifts." NBER Working Papers 10013.
Sims, C〈理性忽視〉《貨幣經濟學期刊》50, 665-690頁。
Sims, C. "Rational Inattention." Journal of Monetary Economics 50, 665-690.
行業組織
Industrial Organization
Ausubel, L.〈信用卡市場中競爭的失敗〉《美國經濟學評論》(1991)。
Ausubel, L. "The Failure of Competition in the Credit Card Market." American Economic Review (1991).
Stefano, Della Vigna和Ulrike Malmendier.《高估自制力:來自健身俱樂部行業的觀察》油印件,2003.
Stefano, Della Vigna, and Ulrike Malmendier. "Overestimating Self-Control: Evidence from the Health Club Industry." Mimeo. 2003. (PDF)
*---.〈合同設計與自我控制:理論與實證〉Ulrike Malmendier(編) 2004年1月《經濟學季刊》2004年5月發表
*———. "Contract Design and Self-Control: Theory and Evidence." Edited by Ulrike Malmendier. January 2004. Forthcoming in Quarterly Journal of Economics (May 2004).
*Gabaix, Xavier和David Laibson.
*Gabaix, Xavier, and David Laibson. "Some Industrial Organization with Boundedly Rational Consumers." (PDF)
Glaeser, Edward L《恨意的政治經濟》2002年8月
Glaeser, Edward L. "The Political Economy of Hatred." August 2002. (PDF)
Mullainathan, S.和A. Shleifer. 《媒體偏差》
Mullainathan, S., and A. Shleifer. "Media Bias."
宏觀經濟學
Macroeconomics
通貨膨脹與名義幻想
Inflation and Nominal Illusion
心理學實證
Psychological Evidence
*Shafir, E., P. Diamond和A. Tversky. 〈金錢幻想〉《經濟學季刊》第112卷第2期 (1997年5月):341-74頁. CVF 第17章。
*Shafir, E., P. Diamond, and A. Tversky. "Money Illusion." QJE 112, no. 2 (May 1997): 341-74. CVF, Chapter 17.
Shiller, R.〈為什麼人們不喜歡通貨膨脹?〉美國國家經濟研究局工作論文5539號, (1996);並選自Christina Romer,David Romer(編)《減低通脹:動機和策略》美國國家經濟研究局和芝加哥大學出版社,1996。
Shiller, R. "Why do People Dislike Inflation?" NBER WP 5539, (1996); and in Reducing Inflation: Motivation and Strategy. Edited by Christina Romer, and David Romer. NBER and U. Chicago Press, 1996.
Shiller, R.〈對指數化的公眾抵制:一個謎團〉《政治經濟學半年刊》第1期 (1997):159-229頁。
Shiller, R. "Public Resistance to Indexation: A Puzzle." BPEA, no. 1 (1997): 159-229.
Mankiw, GregRicardo Reis和Justin Wolfers〈通脹預期的異議〉《美國國家經濟研究局宏觀經濟學年刊》2003
Mankiw, Greg, Ricardo Reis, and Justin Wolfers. Published, NBER Macroeconomics Annual, "Disagreement About Inflation Expectations." 2003. (PDF)
通脹與失業
Inflation and Unemployment
Akerlof, Dickens和Perry.〈低通脹的宏觀經濟學〉《政治經濟學半年刊》第1期 (1996):1-76頁。
Akerlof, Dickens, and Perry. "The Macroeconomics of Low Inflation." BPEA, no. 1 (1996): 1-76.
Genesove, David和Chris Mayer.〈損失規避和賣方行為:來自住房市場的實證〉《經濟學季刊》第116卷 第4期(2001):1233-1260頁。
Genesove, David, and Chris Mayer. "Loss Aversion and Seller Behavior: Evidence from the Housing Market." Quarterly Journal of Economics 116, no. 4 (2001): 1233-1260.
價格粘性
Price Stickiness
Blinder等《問價》Russel Sage, 1998.
Blinder, et al. Asking About Prices. Russel Sage, 1998.
*Fehr, E和J. R. Tyran.〈金錢幻想重要嗎?〉《美國經濟學評論》(2001)
Fehr, E., and J. R. Tyran. "Does Money Illusion Matter?" AER (2001).
通貨膨脹和證券溢價
Inflation and the Equity Premium
Modigliani, F.和R. Cohn.〈通貨膨脹,理性估價,市場〉《Franco Modigliani論文集》第五卷, 麻省理工出版社 (1989):304-24頁。
Modigliani, F., and R. Cohn. "Inflation, Rational Valuation, and the Market." The Collected Papers of Franco Modigliani 5, MIT Press (1989): 304-24.
*Campbell, John和Tuomo Vuolteenaho.《通脹幻想和股票價格》。
*Campbell, John, and Tuomo Vuolteenaho. "Inflation Illusion and Stock Prices." (PDF)
實際利息和名義利息:費雪假設
Real and Nominal Interest Rate: Fisher Hypothesis
Evans, Martin.〈實際利息,預期通脹和通脹風險溢價〉《金融期刊》 (1997).
Evans, Martin. "Real Rates, Expected Inflation and Inflation Risk Premia." Journal of Finance (1997).
Kandel, S., A. Ofer和 O. Sarig.〈實際利率和通貨膨脹:事前的經驗分析〉《金融期刊》(1996):205-25頁。
Kandel, S., A. Ofer, and O. Sarig. "Real Interest Rates and Inflation: An Ex-Ante Empirical Analysis." Journal of Finance (1996): 205-25.
勞動經濟學
Labor Economics
公平,民心和失業
Fairness, Morale, and Unemployment
Akerlof, G.〈以勞動合同作為部分禮物交換〉《經濟學季刊》 (1982):543-69頁。
Akerlof, G. "Labor Contracts as Partial Gift Exchange." QJE (1982): 543-69.
Bewley, T.《為何在經濟衰退中工資不減?》1999 哈佛大學出版社,第8、21章, 2000。
Bewley, T. Why Wages Don't Fall During a Recession, 1999. Harvard UP, chapters 8 and 21, 2000.
*Fehr和Fischbacher.〈人類的利他本性〉《自然》第425期 (2003年10月23日): 785-791頁。
*Fehr, and Fischbacher. "The Nature of Human Altruism." Nature 425 (23 October 2003): 785-791.
*Fehr和Gachter.〈公平和報復:互惠的經濟學〉《經濟學觀察期刊》,14 (2000)。
Fehr, and Gächter. "Fairness and Retaliation: The Economics of Reciprocity." Journal of Economic Perspectives 14 (2000).
*Fehr和Schmidt.〈公平、競爭和合作的理論〉《經濟學季刊》第114期 (1999):817-868頁。
Fehr, and Schmidt. "A Theory of Fairness, Competition and Cooperation." QJE 114 (1999): 817-868.
*Henrich, Fehr, Boyd, Bowles, Gintis, Camerer和McElreath.〈尋找經濟人:15個小型團體中的行為學實驗〉《美國經濟學評論》第91期(2001):73-78頁。
*Henrich, Fehr, Boyd, Bowles, Gintis, Camerer, and McElreath. "In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies." American Economic Review 91 (2001): 73-78.
Rabin, M. 〈把公平融入賽局理論和經濟學〉《美國經濟學評論》(1993):1058-82頁。
Rabin, M. "Incorporating Fairness into Game Theory and Economics." AER (1993): 1058-82.
勞動供給
Labor Supply
Camerer, Babcock, Loewenstein, Thaler〈紐約市計程車司機的勞動供給:某時某日〉《經濟學季刊》, (1997): 407-42頁。《CVF》,第20章。
Camerer, Babcock, Loewenstein, Thaler. "Labor Supply of New York City Cabdrivers: On Day at a Time." QJE (1997): 407-42. CVF, Chapter 20.
Fehr, E和L. Goette.〈勞工會多酬多勞嗎?來自隨機實地試驗的證據〉IEW工作論文 iewwp125.。
Fehr, E., and L. Goette. "Do Workers Work More if Wages are High? Evidence from a Randomized Field Experiment." IEW - Working Papers iewwp125. (PDF)
Farber, Henry〈明天是否另一天?紐約計程車司機勞動供給〉美國國家經濟研究局工作論文 9706, 2003年5月。
Farber, Henry. "Is Tomorrow Another Day? The Labor Supply of New York City Cab Drivers." NBER Working Papers 9706, May 2003.
Oettinger, G.〈球場小販商每天勞動供給的一項經驗分析〉《經濟學季刊》(1999):360-92頁。
Oettinger, G. "An Empirical Analysis of the Daily Labor Supply of Stadium Vendors." JPE (1999): 360-92.
成癮
Addiction
*Bernheim, Antonio和Douglas Bernheim.〈成癮和由提示形成條件的認知過程〉美國國家經濟研究局工作論文 9329。研究:行為公共經濟學
*Bernheim, Antonio, and Douglas Bernheim. "Addiction and Cue-Conditioned Cognitive Processes." NBER Working Papers 9329. Research: Behavioral Public Economics.
Gruber, J.和B. Koszegi.〈成癮是"理性"嗎?理論與實證〉《經濟學季刊》,第116卷,第4期(2001):1261-1305頁。
Gruber, J., and B. Koszegi. "Is Addiction 'Rational'? Theory and Evidence." Quarterly Journal of Economics 116, no. 4 (2001): 1261-1305.
Laibson, D.〈消費的提示理論〉《經濟學季刊》,第116卷第1期 (2001): 81-120頁。
Laibson, D. "A Cue-Theory of Consumption." Quarterly Journal of Economics 116, no. 1 (2001): 81-120.
金融
Finance
*Barberis和Thaler.《行為金融學概覽》
Barberis, and Thaler. "A Survey of Behavioral Finance."
Cochrane, John.〈金融新事〉《經濟觀察》23,第3期 (1999)
Cochrane, John. "New Facts in Finance." Economic Perspectives XXIII, no. 3 (1999).
Hirshleifer. 〈投資者心理學與資產定價〉《金融期刊》第56卷第4期 (2001年8月): 1533-1598頁。
Hirshleifer. "Investor Psychology and Asset Pricing." Journal of Finance 56, no. 4 (August 2001): 1533-1598.
投資者行為的直接根據
Direct Evidence on Investor Behavior
*Benartzi, S.和R. Thaler.〈定額供款儲蓄計畫中天真的多樣性策略〉《美國經濟學評論》 (2001)
*Benartzi, S., and R. Thaler. "Naive Diversification Strategies in Defined Contribution Savings Plans." AER (2001).
Barber, Brad和Terrance Odean《閃亮的東西:注意力和新聞對個體和機構投資者購買行為的影響》2003。
Barber, Brad, and Terrance Odean. "All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors." 2003. (PDF)
參見〈其他文章〉
See other papers.
Heath, C., S. Huddart和M. Lang.〈心理因素和股票期權〉《經濟學季刊》 (1999).
Heath, C., S. Huddart, and M. Lang. "Psychological Factors and Stock Option Exercises." QJE (1999).
Grinblatt, Mark和Matti Keloharju.《投資者為何交易?》
Grinblatt, Mark, and Matti Keloharju. "What Makes Investors Trade?"
*Odean, T.〈投資者不願意瞭解他們的損失嗎?〉《金融期刊》 (1998):1775-1798頁。參見〈其他文章〉
*Odean, T. "Are Investors Reluctant to Realize Their Losses?" Journal of Finance (1998): 1775-1798. See other papers.
Odean, T.〈男孩就是男孩:性別,過度自信和一般股票投資〉於Brad Barber(編)《經濟學季刊》, 第116卷,第1期 (2001年2月): 261-292頁。
Odean, T. "Boys will be Boys: Gender, Overconfidence, and Common Stock Investment." Edited by Brad Barber. Quarterly Journal of Economics 116, no. 1 (February 2001): 261-292.
*Odean, T.〈投資者們過度交易了?〉《美國經濟學評論》 (1999年12月)
*Odean, T. "Do Investors Trade too Much?" AER (Dec 1999).
套利的限制
Limits to Arbitrage
理論
Theory
*《低效率市場》,第二、四章.
*Inefficient Markets. Chapters 2 and 4.
Shleifer, A.和Vishny.〈套利的局限〉《金融期刊》,第52期:25-55頁。
Shleifer, A., and Vishny. "Limits of Arbitrage." Journal of Finance 52: 25-55.
實證
Evidence
《低效率市場》,第三章.
Inefficient Markets. Chapter 3.
Gabaix, Xavier, Arvind Krishnamurthy和Olivier Vigneron. 《當套利受限時的可預期風險溢價:由按揭背書的證券的實證》。
Gabaix, Xavier, Arvind Krishnamurthy, and Olivier Vigneron. "Predictable Risk Premia When Arbitrage is Limited: Evidence from Mortgage-Backed Securities.
Froot和Dabora.〈交易地點是如何影響股價?〉《金融經濟學期刊》第53期 (1999): 189-216頁。
Froot, and Dabora. "How are Stock Prices Affected by the Location of Trade?" J Fin Ec 53 (1999): 189-216.
Lamont和Thaler.〈市場能加減嗎?科技股分析上市的錯誤定價〉《政治經濟學期刊》(2003年4月)。
Lamont, and Thaler. "Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs." Journal of Political Economy (April 2003).
股票收益的橫斷預期性
Cross-sectional Predictability of Stock Returns
*Barberis和Shleifer.《風格投資》油印件 (2001)。
*Barberis, and Shleifer. "Style Investing." Mimeo (2001).
*Davis, Fama和 French.〈特徵、協方差和平均收益:從1929年到1997年〉《金融期刊》第55卷,第1期 (2000年2月): 389-406頁。
*Davis, Fama, and French. "Characteristics, Covariances, and Average Returns: 1929 to 1997." Journal of Finance 55, no. 1 (Feb 2000): 389-406.
*Bondt, W. De和R. Thaler. 〈證券市場反應過激了嗎?〉《金融期刊》第40卷第3期 (1985年7月): 793-805頁。亦載於Thaler《行為金融學進展》第9章,紐約Russell Sage基金會, 1993。
*Bondt, W. De, and R. Thaler. "Does the Stock Market Overreact?" Journal of Finance 40, no. 3 (July 1985): 793-805. Also in Thaler. Chapter 9 in Advances in Behavioral Finance. NY, Russell Sage Foundation, 1993.
Daniel和Titman. 《市場對明確和不明確消息的反應》美國國家經濟研究局工作論文 9743。
Daniel, and Titman. "Market Reactions to Tangible and Intangible Information." NBER Working Papers 9743.
*Daniel, Kent和Titman.〈股票收益的橫斷面變化特點的實證〉《金融期刊》第52卷第1期 (1997年3月):1-33頁。
*Daniel, Kent, and Titman. "Evidence on the Characteristics of Cross Sectional Variation in Stock Returns." Journal of Finance 52, no. 1 (March 1997): 1-33.
Fama, E.和K. French.〈對於資產定價異常的多因素解釋〉《金融期刊》(1996):55-84頁。
Fama, E., and K. French. "Multifactor Explanations of Asset Pricing Anomalies." Journal of Finance (1996): 55-84.
*Grinblatt和Moskowitz.〈對過去和預期收益的橫斷面關係我們真的知道什麼?〉美國國家經濟研究局工作論文8744。
*Grinblatt, and Moskowitz. "What do We Really Know About the Cross-Sectional Relation Between Past and Expected Returns?" NBER WP 8744.
*Lakonishok, J., A. Shleifer和R. Vishny.〈反向投資、推斷和風險〉《金融期刊》第49卷第5期( 1994年12月):1541-1578頁。
*Lakonishok, J., A. Shleifer, and R. Vishny. "Contrarian Investment, Extrapolation and Risk." Journal of Finance 49, no. 5 (Dec 1994): 1541-1578.
Porta, J. La, J. Lakonishok, A. Shleifer和R. Vishny.〈價值型股票的佳音:市場效率的進一步實證〉《金融期刊》 (1997年6月)
Porta, J. La, J. Lakonishok, A. Shleifer, and R. Vishny. "Good News for Value Stocks: Further Evidence on Market Efficiency." Journal of Finance (June 1997).
Lettau, Martin和Sydney.〈(C)資本資產定價模型的復興:風險溢價隨時間變化的橫斷面檢驗〉《政治經濟學期刊》第109卷第6期:1238-1287頁。
Lettau, Martin, and Sydney. "Resurrecting the (C)CAPM: A Cross-Sectional Test When Risk Premia Are Time-Varying." (With Syndey Ludvigson). Journal of Political Economy 109, no. 6: 1238-1287.
總合資產溢價
Aggregate Equity Premium
基於損失規避的(時變)風險溢價理論
Theories of the (time varying) risk premium based on loss aversion.
*Barberis, N., M. Huang和Tano Santos.〈展望理論和資產價格〉《經濟學季刊》 (2001)。
*Barberis, N., M. Huang, and Tano Santos. "Prospect Theory and Asset Prices." QJE (2001).
*Benartzi, S.和R. Thaler〈短視性損失規避和資產溢價之謎〉《經濟學季刊》第110卷第1期(1995年2月):73-92頁。CVF第301頁。
*Benartzi, S., and R. Thaler. "Myopic Loss Aversion and the Equity Premium Puzzle." QJE 110, no. 1 (February 1995): 73-92. CVF, p. 301.
*Epstein, Zin.〈一階風險規避和資產溢價之謎〉《貨幣經濟學期刊》第26卷第3期 (1990年12月): 387-407.
*Epstein, Zin. "'First-Order Risk Aversion and the Equity Premium Puzzle." Journal of Monetary Economics 26, no. 3 (December 1990): 387-407.
Johnson,和Thaler.〈以私房錢賭博和試圖平手:事前結果對風險性選擇的效應〉於Thaler編輯《準理性經濟學》Russel Sage 1992。
Johnson, and Thaler. "Gambling with the House Money and Trying to Bread Even: The Effects of Prior Outcomes on Risky Choice." In Quasi-Rational Economics. Edited by Thaler. Russel Sage 1992.
其他觀點
Other Perspectives
*Gabaix, Xavier和David Laibson. 〈6D偏差與資產溢價之謎〉《美國國家經濟研究局宏觀年刊》(2001)。
*Gabaix, Xavier, and David Laibson. "The 6D Bias and the Equity Premium Puzzle." NBER Macro Annual (2001).
收益公告與反應不足
Earnings Announcements and Underreaction
*Bernard, V.〈收益公告的股價反應:概述近期的異常實據和可能解釋〉於Thaler(編)《行為金融學進展》第11章。紐約Russell Sage基金會1993, 303頁-340頁。
*Bernard, V. "Stock Price Reactions to Earnings Announcements: A Summary of Recent Anomalous Evidence and Possible Explanations." Chapter 11 in Advances in Behavioral Finance. Edited by Thaler. NY, Russell Sage Foundation, 1993, pp. 303-340.
Cohen, Randolph B., A. Paul, Gompers和Tuomo Vuolteenaho. 2002年6月27日手稿〈誰對現金流向消息反應不足?來自個人與機構間交易的實證〉《金融經濟學期刊》即將發表
Cohen, Randolph B., A. Paul, Gompers, and Tuomo Vuolteenaho. Draft dated 27-Jun-2002. "Who Underreacts to Cash-Flow News? Evidence from Trading between Individuals and Institutions." Journal of Financial Economics. (Forthcoming)
動量
Momentum
Hong, H., T. Lim,和J. Stein.《壞消息傳得慢:規模,分析員報導和動量策略的贏利性》
Hong, H., T. Lim, and J. Stein. Bad News Travel Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies.
*Lee, C.和Swaminathan.〈價格動量和成交量〉《金融期刊》。
*Lee, C., and Swaminathan. "Price Momentum and Trading Volume." Journal of Finance.
Moskowitz, T.和Grinblatt.〈業界能解釋動量嗎?〉《金融期刊》
Moskowitz, T., and Grinblatt. "Do Industries Explain Momentum?" Journal of Finance.
Yao, Tong.《動量利潤是何時歸因於因素動力?》
Yao, Tong. "When Are Momentum Profits Due to Factor Dynamics?"
Kent, Subrahmanyam和Titman.〈自負、套利和均衡資產定價〉《金融期刊》第56卷第3期(2001年6月):921-965頁。
Kent, Subrahmanyam, and Titman. "Overconfidence, Arbitrage, and Equilibrium Asset Pricing." Journal of Finance 56, no. 3 (June 2001): 921-965.
「理性」非標準偏好
"Rational" Non-standard Preferences
Campbell, J.和 J. Cochrane.〈被習慣左右:總體證券市場行為的一個基於消費的解釋〉《政治經濟學》 (1999)。
Campbell, J., and J. Cochrane. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior." JPE (1999).
Epstein, L.和S. Zin.〈替代品、風險規避、短暫消費行為和資產收益:一個理論框架〉《計量經濟學》 (1989): 937-68。
Epstein, L., and S. Zin. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework." Econometrica (1989): 937-68.
*Hansen, L., T. Sargent, T. Tallarini.《穩健固定收入和定價》油印件。芝加哥,1999。
*Hansen, L., T. Sargent, T. Tallarini. "Robust Permanent Income and Pricing." Mimeo. Chicago, 1999.
理性預期實證
Evidence on Rational Expectations
Froot, K.和J. Frankel〈期貨折扣偏差:是兌換風險溢價嗎?〉《經濟學季刊》 (1989): 139-61頁。
Froot, K., and J. Frankel. "Forward Discount Bias: Is it an Exchange Risk Premium?" QJE (1989): 139-61.
Gourinchas, P. O.和A. Tornell.〈匯率動態和學習〉美國國家經濟研究局工作論文, 1996。
Gourinchas, P. O., and A. Tornell. "Exchange Rate Dynamic and Learning." NBER WP, 1996.
*Ito, T.〈外匯匯率預期:微觀調查資料〉《美國經濟學評論》第80卷第3期 (1990年6月): 434-49頁。
*Ito, T. "Foreign Exchange Rate Expectations: Micro Survey Data." AER 80, no. 3 (June 1990): 434-49.
Kandel和Pearson.〈投機市場中公共信號和交易的不同解釋〉《政治經濟學》 (1995): 831-72頁。
Kandel, and Pearson. "Differential Interpretation of Public Signals and Trade in Speculative Markets." JPE (1995): 831-72.
實驗金融
Experimental Finance
Smith, Vernon, Gerruy Suchanek和 Arlington Williams.〈資產現貨市場中的泡沫、崩盤與內生期待〉《計量經濟學》第56卷,第5期 (1988)。
Smith, Vernon, Gerruy Suchanek, and Arlington Williams. "Bubbles, Crashes and Endogenous Expectations in Experimental Spot Asset Markets." Econometrica 56, no. 5 (1988).
過度波動及量與價變動的關係
Excess Volatility and the Relation between Volume and Price Movements
*Gabaix, Xavier, Parameswaran Gopikrishnan, Vasiliki Plerou, and H. Eugene Stanley〈金融市場波動的冪率分佈理論〉《自然》第423期(2003):267-70頁。
*Gabaix, Xavier, Parameswaran Gopikrishnan, Vasiliki Plerou, and H. Eugene Stanley. "A Theory of Power Law Distributions in Financial Market Fluctuations." Nature 423 (2003): 267-70.
---〈股票市場活動的大幅波動理論〉.
———. "A Theory of Large Fluctuations in Stock Market Activity." (PDF)
泡沫和失敗
Bubbles and Cashes
理論
Theory
Abreu和Brunnermeier.〈泡沫和崩盤〉《計量經濟學》第71卷第1期 (2003):173-204頁。
Abreu, and Brunnermeier. "Bubbles and Crashes." Econometrica 71, no. 1 (2003): 173-204.
*Baker, Malcolm和Jeffrey Wurgler.《投資者情緒和股票收益的橫斷面》 2003。
*Baker, Malcolm, and Jeffrey Wurgler. "Investor Sentiment and the Cross-Section of Stock Returns." 2003.
Bulow, Jeremy和Paul Klemperer〈理性狂暴和崩盤〉《政治經濟學期刊》第102卷第1期 (1994): 1-23.
Bulow, Jeremy, and Paul Klemperer. "Rational Frenzies and Crashes." Journal of Political Economy 102, no. 1 (1994): 1-23.
*Gabaix, Xavier, Parameswaran Gopikrishnan, Vasiliki Plerou和 H. Eugene Stanley.〈金融市場波動的冪率分佈理論〉《自然》第423期 (2003):267-70頁。
*Gabaix, Xavier, Parameswaran Gopikrishnan, Vasiliki Plerou, and H. Eugene Stanley. "A Theory of Power Law Distributions in Financial Market Fluctuations." Nature 423, (2003): 267-70.
Hong和Stein.〈意見差別、理性套利和市場崩盤〉美國國家經濟研究局工作論文 7376。
Hong, and Stein. "Differences of Opinion, Rational Arbitrage and Market Crashes." NBER WP 7376.
Shiller, R.《非理性繁榮》普林斯頓大學出版社,2000。
Shiller, R. Irrational Exuberance. Princeton U. Press, 2000.
實證
Evidence
*Hong, Chen和Stein〈崩盤預測:成交量,過往收益和股價的有條件傾斜〉美國國家經濟研究局工作論文7687。
*Hong, Chen, and Stein. "Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices." NBER Working Papers 7687.
Kindleberger.《瘋狂,驚恐和崩盤:金融危機史》Wiley第三版(2000)
Kindleberger. Mania, Panics and Crashes: A History of Financial Crises. 3rd ed. Wiley, Paperback (2000).
Smith, Vernon, Gerruy Suchanek和Arlington Williams.〈經驗性資產現貨市場中的泡沫、崩盤與內生期待〉《計量經濟學》第56卷第5期 (1988)
Smith, Vernon, Gerruy Suchanek, and Arlington Williams. "Bubbles, Crashes and Endogenous Expectations in Experimental Spot Asset Markets." Econometrica 56, no. 5 (1988).
投資者情緒理論
Theories of Investor Sentiment
Barberis, N., A. Shleifer和R. Vishny〈投資者情緒模型〉《金融經濟期刊》(1998): 307-343;《低效率市場》第20章。
Barberis, N., A. Shleifer, and R. Vishny. "A Model of Investor Sentiment." JFE (1998): 307-343. Chapter 20 in Inefficient Markets.
*Daniel, K., D. Hirshleifere和A. Subramanyam〈投資者心理和證券市場的反應不足和過度反應〉《金融期刊》第53卷第6期 (1998年12月):1839-85頁。
*Daniel, K., D. Hirshleifer, and A. Subramanyam. "Investor Psychology and Security Market Under- and Overreactions." Journal of Finance 53, no. 6 (December 1998): 1839-85.
Griffin, D.和A. Tversky〈實證的份量和信心的決定性因素〉《認知心理學》(1992):411-35頁
Griffin, D., and A. Tversky. "The Weighting of Evidence and the Determinants of Confidence." Cognitive Psychology (1992): 411-35.
*Hong, H.和 J. Stein〈金融市場反應不足、交易動量和過激反應的統一理論〉《金融期刊》第54卷第6期 (1999年12月):2143-2184。
*Hong, H., and J. Stein. "A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Financial Markets." Journal of Finance 54, no. 6 (Dec 1999): 2143-2184.
Odean, T.〈當所有交易者超過平均水平時的成交量、波動性、價格和贏利〉《金融期刊》(1998): 1887-1934頁。
Odean, T. "Volume, Volatility, Price, and Profit When All Traders Are Above Average." Journal of Finance (1998): 1887-1934.
少許企業金融
Some Corporate Finance
*Barker, M.和J. Wurgler.〈市場時機和資本結構〉 《金融期刊》(2002年2月) 參見其他文章。
*Barker, M., and J. Wurgler. "Market Timing and Capital Structure." Journal of Finance (February 2002).
*Barker, M.和J. Wurgler.〈市場時機和資本結構〉《金融期刊》 (2002年2月) 參見其他文章。
*Barker, M., and J. Wurgler. "Market Timing and Capital Structure." Journal of Finance (February 2002). See other papers.
Landier, Augustin和David Thesmar.《與樂觀企業家定約:理論與實證》
Landier, Augustin, and David Thesmar. "Contracting with Optimistic Entrepreneurs: Theory and Evidence." (PDF)
Malmendier, Ulrike和Geoffrey Tate.《總裁的自負與企業投資》2003年5月
Malmendier, Ulrike, and Geoffrey Tate. "CEO Overconfidence and Corporate Investment." May 2003.
情緒、太陽和月亮
Moods, the Sun and the Moon
Hirshleifer, Jack,和Tyler Shumway〈好日子陽光明媚:股票回報和天氣〉《金融期刊》David Hirshleifer: Ralph M. Kurtz金融系教授.
Hirshleifer, Jack, and Tyler Shumway. "Good Day Sunshine: Stock Returns and the Weather." Journal of Finance. David Hirshleifer: Ralph M. Kurtz Chair in Finance.
Yuan, Kathy, Lu Zheng, Qiaoqiao Zhu.《多愁善感的投資者?月相和股票回報》
Yuan, Kathy, Lu Zheng, Qiaoqiao Zhu. "Are Investors Moonstruck? Lunar Phases and Stock Returns."
對行為金融學的異議及其回應
Objections to Behavioral Finance, and Replies
Fama, E.〈市場效率、長期回報和行為金融學〉 《金融經濟學期刊》(1998):283-306頁。
Fama, E. "Market Efficiency, Long-Term Returns, and Behavioral Finance." J Fin Econ (1998): 283-306.
Loughran, T.和Ritter.〈市場效應的均勻最小勢檢驗〉《金融經濟學期刊》佛羅里達大學工作論文
Loughran, T., and Ritter. "Uniformly Least Powerful Tests of Market Efficiency." Journal of Financial Economics. WP U. Florida.
Shleifer, A.和R. Vishny.〈套利的局限〉《金融期刊》 (1997):35-55頁。
Shleifer, A., and R. Vishny. "The Limits of Arbitrage." Journal of Finance (1997): 35-55.
一些其他觀點
Some Other Perspectives
基於代理人的模型
"Agent-based" Models
*Chan, Nicholas, Blake LeBaron, Andrew Lo和Tomaso Pogio.《基於代理人的金融市場:與實驗市場之比較》未發表,1999。
*Chan, Nicholas, Blake LeBaron, Andrew Lo, and Tomaso Pogio. "Agent Based Financial Markets: A Comparison with Experimental Markets." Unpublished, 1999.
Gode, D.和S. Sunder.〈有零智商交易者市場的分配性效率:市場作為個人理性的部份替代〉(1993): 119-137.
Gode, D., and S. Sunder. "Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality." JPE (1993): 119-137.
---.〈什麼使市場有效地分配?〉《經濟學季刊》(1997年5月): 603-30頁。
———. "What Makes Markets Allocationally Efficient?" QJE (May 1997): 603-30.
*LeBaron, Blake.〈基於代理人的計算式金融學:建議閱讀材料和早期研究〉《經濟學動力和控制期刊》,2000.
*LeBaron, Blake. "Agent Based Computational Finance: Suggested Readings and Early Research." Journal of Economic Dynamics and Control, 2000.
Levy, Levy和Solomon《金融市場的精微模擬》學院出版社, 2000。
Levy, Levy, and Solomon. "Microscopic Simulations of Financial Markets." Academic Press, 2000.
參見其他材料
See other resources.
人工智慧觀點
Artificial Intelligence Perspectives
基因演算法(遺傳演算法)
Genetic Algorithms
Mitchell, M. 《基因演算法導讀》麻省理工出版社,1996。
Mitchell, M. "An Introduction to Genetic Algorithms." MIT Press, 1996.
案例式推理
Case-based Reasoning
Gilboa和Schmeidler.〈基於案例的決策理論〉《經濟學季刊》第110卷第3期 (1995年8月): 605-39頁。
Gilboa, and Schmeidler. "Case-Based Decision Theory." QJE 110, no. 3 (August 1995): 605-39.
機器學習
Machine Learning
Vapnik, V. N. 〈統計學習理論原理〉柏林:Springer-Verlag出版社,1995。.
Vapnik, V. N. "The Nature of Statistical Learning Theory." Berlin: Springer-Verlag, 1995.
神經經濟學
Neuroeconomics
Camerer, Loewenstein和Prelec〈神經科學如何引導經濟學〉《政治心理學期刊》(修改中).
Camerer, Loewenstein, and Prelec. "How Neuroscience Can Inform Economics." JEP. (Under revision)
Bernheim, B.和A. Rangel《認知、情感和提示:經濟選擇的一個簡單的大腦處理過程》 (2003)。
Bernheim, B., and A. Rangel. "Cognition, Emotions, and Cues: A Simple Brain Processes Model of Economic Choice." (2003).
Sanfey, A. G., J. K. Rilling, J. A. Aronson, L. E. Nystrom和J. D. Cohen 〈終局賽局的經濟決策的神經學基礎〉《科學》300 (2003):1755-1757。.
Sanfey, A. G., J. K. Rilling, J. A. Aronson, L. E. Nystrom, and J. D. Cohen. "The Neural Basis of Economic Decision Making in the Ultimatum Game." Science 300 (2003): 1755-1757.
參見其他材料
See other resources.
進化心理學
Evolutionary Psychology
Buss.〈進化心理學〉於Gilbert等編輯《社會心理學手冊》(第四版)McGraw Hill, 1998。.
Buss. "Evolutionary Psychology." In Handbook of Social Psychology. Edited by Gilbert, D. et al. 4th ed., McGraw Hill, 1998.
Pinker, S. 《思維怎樣運作》Norton (1997)。.
Pinker, S. "How the Mind Works." Norton (1997).
Barkow, J., L. Cosmides和J. Tooby編輯《已適應的思維:進化心理學和文化產生》紐約:牛津大學出版社, 1992
Barkow, J., L. Cosmides, and J. Tooby, eds. "The Adapted Mind: Evolutionary Psychology and the Generation of Culture." New York: Oxford University Press, 1992.
拓展閱讀
Further Readings
Cialdini, R. Influence Quill, 1993。.
Cialdini, R. Influence, The Psychology of Persuasion. Quill, 1993.
Gilbert等(編)《社會心理學手冊》(第四版)McGraw Hill, 1998。.
Gilbert, D., et al., ed. Handbook of Social Psychology. 4th ed. McGraw Hill, 1998.
Hagel, J., and A. Roth. 《實驗性經濟學手冊》普林斯頓大學出版社, 1995
Hagel, J., and A. Roth. Handbook of Experimental Economics. Princeton UP, 1995.