Chapter 8: Josef Lakonishok, Andrei Shleifer, and Robert W. Vishny, “Con-
trarian Investment, Extrapolation, and Risk,” Journal of Finance 49(5)
(December 1994), pp. 1541–78. Used by permission of Blackwell
Publishing.
Chapter 9: Kent Daniel and Sheridan Titman, “Evidence on the Character-
istics of Cross Sectional Variation in Stock Returns,” Journal of Finance
52(1) (March 1997), pp. 1–33. Used by permission of Blackwell Publishing.
Chapter 10: Narasimhan Jegadeesh and Sheridan Titman, “Momentum.”
© Russell Sage Foundation. Reprinted with permission.
Chapter 11: Roni Michaely and Kent L. Womack, “Market Efficiency and
Biases in Brokerage Recommendations.” © 2004 Russell Sage Foundation.
Reprinted with permission.
Chapter 12: Andrei Shleifer, “Model of Investor Sentiment,” reprinted
from the Journal of Financial Economics, Vol 49, pp. 307–43, © 1998,
with permission from Elsevier.
Chapter 13: Kent Daniel, David Hirshleifer, and Avanidhar Subrah-
manyam, “Investor Psychology and Security Market Under- and Overreac-
tion,” Journal of Finance52(1) (March 1997), pp. 1–33. Used by permis-
sion of Blackwell Publishing.
Chapter 14: Harrison Hong and Jeremy C. Stein, “A Unified Theory of Un-
derreaction, Momentum Trading, and Overreaction in Asset Markets,”
Journal of Finance54(6) (December 1999), pp. 2143–84. Used by permis-
sion of Blackwell publishing.
Chapter 15: Brad M. Barber and Terrance Odean, “Individual Investors.”
© 2004 Russell Sage Foundation. Reprinted with permission.
Chapter 16: Shlomo Benartzi and Richard H. Thaler, “Naive Diversifica-
tion Strategies in Defined Contribution Savings Plans,” American Eco-
nomic Review(2001). Used by permission.
Chapter 17: Jeremy C. Stein, “Rational Capital Budgeting in an Irrational
World,” Journal of Business69 (1996), pp. 429–55. © 1996 by The Uni-
versity of Chicago. All rights reserved. Reprinted with permission.
Chapter 18: François Degeorge, Jayendu Patel, and Richard Zeckhauser,
“Earnings Management to Exceed Thresholds,” Journal of Business 72
xx ACKNOWLEDGMENTS