"Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing," with Nicholas Barberis and Richard Thaler, American Economic Review 96, pp 1069-90, September 2006.

"The Loss Aversion / Narrow Framing Approach to Stock Market Pricing and Participation Puzzles," with Nicholas Barberis, February 2004, forthcoming in Handbook of Investments: Equity Premium, edited by Raj Mehra, North Holland, Amsterdam.

"Talking up Liquidity: Insider Trading and Investor Relations," with Harrison Hong, Journal of Financial Intermediation, January 2005.

"Does Fund Size Erode Performance? The Role of Liquidity and Organization," with Joseph Chen, Harrison Hong, and Jeffrey D. Kubik, American Economic Review, December 2004.

"Liquidity Shocks and Equilibrium Liquidity Premia,", Journal of Economic Theory, March, 2003

"Prospect Theory and Asset Prices," with N. Barberis and T. Santos, Quarterly Journal of Economics, February, 2001

"Mental Accounting, Loss Aversion, and Individual Stock Returns," with N. Barberis, Journal of Finance, August, 2001

"Toeholds and Takeovers," with Jeremy Bulow and Paul Klemperer, Journal of Political Economy, 107, 1999

"Swap Rates and Credit Quality," with Darrell Duffie, Journal of Finance, 51, 1996