Cary Frydman
Associate Professor of Finance and Business Economics
Marshall School of Business
University of Southern California
Email: cfrydman@marshall.usc.edu
Phone: 213-821-5586
Working Papers
On the Source and Instability of Probability Weighting (with Lawrence Jin)
Coordination with Cognitive Noise (with Salvatore Nunnari)
The Role of Salience and Attention in Choice Under Risk: An Experimental Investigation (with Milica Mormann)
Relative Wealth Concerns in Portfolio Choice: Neural and Behavioral Evidence
Publications
Insensitive Investors (with Constantin Charles and Mete Kilic)
Journal of Finance, 2024, 79: 2473-2503
Efficient Coding and Risky Choice (with Lawrence Jin)
Quarterly Journal of Economics, 2022, 137: 161-213
Winner of 2023 Vernon Smith Prize
Finalist for 2023 Exeter Prize
Data and Code from QJE website
Using Response Times to Infer Others' Private Information: An Application to Information Cascades (with Ian Krajbich)
Management Science, 2022, 68: 2970-2986
The Impact of Salience on Investor Behavior: Evidence from a Natural Experiment (with Baolian Wang)
Journal of Finance, 2020, 75: 229-276
2018 TD Ameritrade Best Paper Award in Behavioral Finance
Rolling Mental Accounts (with Samuel Hartzmark and David Solomon)
Review of Financial Studies, 2018, 31: 362-397
Extrapolative Beliefs in Economic and Perceptual Decisions: Evidence of a Common Mechanism (with Gideon Nave)
Management Science, 2017, 63: 2340-2352
Runner Up for 2016 Einhorn Award for Best Young Investigator in Judgment and Decision Making
Neural Evidence of Regret and its Implications for Investor Behavior (with Colin Camerer)
Review of Financial Studies, 2016, 29: 3108-3139.
Finalist for 2017 Exeter Prize
The Psychology and Neuroscience of Financial Decision Making (with Colin Camerer)
Trends in Cognitive Sciences, 2016, 20: 661-675
Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility (with Nicholas Barberis, Colin Camerer, Peter Bossaerts and Antonio Rangel)
Journal of Finance, 2014, 69: 907-946
Debiasing the Disposition Effect by Reducing the Saliency of Information about a Stock's Purchase Price (with Antonio Rangel)
Journal of Behavior & Economic Organization, 2014, 107B: 541-552.
The Speed of Information Revelation and Eventual Price Quality in Markets with Insiders: Comparing Two Theories (with John Ledyard and Peter Bossaerts)
Review of Finance, 2014, 18: 1-22, Lead Article
2014 Pagano and Zechner Prize for Best Non-Investments Paper in Review of Finance
MAOA-L Carriers are Better at Making Optimal Financial Decisions Under Risk (with Colin Camerer, Peter Bossaerts and Antonio Rangel)
Proceedings of the Royal Society B, 2011, 1714: 2053-2059.