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David Hirshleifer
  • Key Research/Interest Areas:
    • Psychology, Social interactions, and markets
    • Investments
    • Corporate finance
    • Risk management
  • Education:
    • PhD, University of Chicago
    • MA, University of Chicago
    • BA, UCLA
Brief Bio

David Hirshleifer joined the finance faculty at The Paul Merage School of Business in July 2006 after serving as the Kurtz Chair in Finance at Ohio State University's Fisher College of Business, the Waterman Professor of Finance at the University of Michigan Business School, and as a tenured faculty member at the UCLA Anderson School of Management.

His expertise includes corporate finance, investments, and behavioral finance. Some of his recent research has been on psychology in firms and markets, social transmission of investment ideas and behavior, and the effect of emotions on stock prices. He has also conducted research on risk management, determinants of futures prices, social interactions and markets, fads and fashions in economic decisions, and how psychological bias affects political and regulatory decisions.

He has published more than 60 papers, several of which have won research awards, including the Smith Breeden Award for outstanding paper in the Journal of Finance. He is co-author of Price Theory and Applications: Decisions, Markets, and Information, now in its seventh edition.  

Hirshleifer is Vice President Elect of the American Finance Association. He has served as Executive Editor of the Review of Financial Studies, and as associate editor of several other finance, economics, and strategy journals.

Hirshleifer has presented papers and participated in discussions at many seminars and national and international conferences. His research has been profiled in U.S. and international newspapers, magazines, and broadcast media.


Click here for Professor David Hirshleifer's CV.

  • Merage Chair in Business Growth
  • Executive Editor, Review of Financial Studies, 2011-14
  • Editor, Review of Financial Studies, 1994-7
  • Associate Editor, Journal of Finance, 2003-11
  • Associate Editor, Review of Financial Studies, 1990-4, 1997-9
  • Associate Editor, Journal of Financial Intermediation, volumes III -
  • Associate Editor, Journal of Corporate Finance, 1994–
  • Coeditor, Journal of Economics and Management Strategy, 1993–2003
  • Director, American Finance Association, 2000-2002.
  • Director, Western Finance Association, 2005-
  • Associate, Behavioral and Brain Sciences, 2004-

Selected Papers

1.       Nominated for Smith-Breeden Award for outstanding paper in the 2003 Journal of Finance

1.       Nominated for Smith-Breeden Award for outstanding paper in the 2001 Journal of Finance

1.      1999 Smith-Breeden Award for outstanding paper in the Journal of Finance.