Behavioral Finance

Survival of Overconfidence in Currency Markets. Journal of Financial and Quantitative Analysis. 47(1):92-113 (2012).
Joint work with Thomas Oberlechner.
- Empirical evidence that imperfectly rational traders are not driven out of the market by losses.
Overconfidence among FX dealers does not diminish with age, professional longevity, or rank.

Noise Trading and Illusory Correlations in US Equity Markets. Review of Finance 17(2): 625-652 (2012).
Joint work with Jennifer Bender and David Simon.
- Introduces illusory correlations to behavioral finance.
Shows that a common technical trading patterns generates imperfectly rational noise trading

The Exchange Rate in a Behavioral Finance Framework: Book review. Journal of International Economics 72: 265-270 (2007).
- A book review