Friedman co-authors three articles on behavorial economics, information and pricing, and market performance

Distinguished Professor Emeritus Daniel Friedman co-authored the article “A model of multiple selves” with Zeyu Liu and Simon Weidenholzer, which is forthcoming in Theory and Decision.  The paper proposes a theoretical model reminiscent of Freud’s Ego/Id/Superego, and finds some new behavioral consequences. He also co-authored “Information, Asset Price Volatility, and Liquidity,” Grace Weishi Gu and Vivian Juehui Zheng, forthcoming in Management Science. The paper presents new theoretical and laboratory findings on the bond market’s reaction to information indicating benign versus crisis conditions. Lastly, he published “Overconfidence and Market Performance,” co-authored with Zhaoqi Wang and Thomas Bowen, in the Journal of Behavioral Finance, which examines a laboratory experiment that tests how overconfident investors affect (and are affected by) asset market performance.

Last modified: Oct 10, 2025