00Thaler_FM i-xxvi.qxd

PartIII Empirical Studies of Overreaction

and Underreaction

Chapter 8 Contrarian Investment, Extrapolation, and Risk 273

Josef Lakonishok, Andrei Shleifer, and Robert W. Vishny

Chapter 9 Evidence on the Characteristics of Cross-sectional
Variation in Stock Returns 317

Kent Daniel and Sheridan Titman

Chapter10 Momentum 353

Narasimhan Jegadeesh and Sheridan Titman

Chapter11 Market Efficiency and Biases in Brokerage
Recommendations 389

Roni Michaely and Kent L. Womack

Part IV Theories of Overreaction

and Underreaction

Chapter12 A Model of Investor Sentiment 423

Nicholas Barberis, Andrei Shleifer, and Robert W. Vishny

Chapter13 Investor Psychology and Security Market
Under- and Overreaction 460

Kent Daniel, David Hirshleifer, and Avanidhar Subrahmanyam

Chapter14 A Unified Theory of Underreaction, Momentum
Trading, and Overreaction in Asset Markets 502

Harrison Hong and Jeremy C. Stein

Part V Investor Behavior

Chapter15 Individual Investors 543

Brad M. Barber and Terrance Odean

Chapter16 Naive Diversification Strategies in Defined
Contribution Savings Plans 570

Shlomo Benartzi and Richard H. Thaler

Part VI Corporate Finance

Chapter17 Rational Capital Budgeting in an Irrational World 605

Jeremy C. Stein

viii CONTENTS