Associate Professor of Finance
Rady School of Management
University of California, San Diego
Office: Room 4S149, Otterson Hall
Phone: (858) 534-2795

(Google Scholar, SSRN Page)


Disclosing to Informed Traders (with I. Marinovic and K. Smith) — Slides
      Revise and Resubmit, Journal of Finance  
      Notable Working Paper Award, Accounting and Economics Society, 2020
     Older Version with Difference of Opinions

Feedback Effects with Risk Aversion: An Application to Climate Risk
(with B. Breon-Drish and K. Smith)
      Revise and Resubmit, Journal of Finance

Motivated Beliefs in Coordination Games (with J. Davis and N. Gondhi)
      Revise and Resubmit, Journal of Political Economy

Incentivizing Effort and Informing Investment: The Dual Role of Stock Prices
(with J. Davis and N. Gondhi)

Harnessing the Overconfidence of the Crowd: A Theory of SPACs (with M. Szydlowski)

On the Voluntary Disclosure of Redundant Information (with B. Breon-Drish, R. Kaniel and I. Kremer)

Excessive Risk-Taking and Founder Friendly VCs (with M. Szydlowski)

The Man(ager) Who Knew Too Much (with J. Davis and N. Gondhi) — Slides

Leaks, disclosures and internal communication (with T. Kim)
      Best Paper Award, China International Conference in Finance, 2018


Choosing to Disagree: Endogenous Dismissiveness and Overconfidence in Financial Markets
(with J. Davis and N. Gondhi)
      Journal of Finance, 2021, forthcoming

Dynamics of Research and Strategic Trading (with B. Breon-Drish)
      Review of Financial Studies, 2022, 35(2):908-961

Strategic trading and unobservable information acquisition (with B. Breon-Drish)
      Journal of Financial Economics, 2020, 138(2):458-482

When transparency improves, must prices reflect fundamentals better? (with J. Davis and N. Gondhi)
      Review of Financial Studies, 2018, 31(6):2377-2414

Signal or noise? Uncertainty and learning about whether other traders are informed (with B. Green)
      Journal of Financial Economics, 2015, 117(2):398-423

Trading in Derivatives when the Underlying is Scarce (with J. Graveline)
      Journal of Financial Economics, 2014, 111(3):589-608

The Cost of Short-Selling Liquid Securities (with J. Graveline)
      Journal of Finance, 2013, 68(2):637-664

Factor-loading Uncertainty and Expected Returns (with C. Armstrong and C. Corona)
      Review of Financial Studies, 2013, 26(1):158-207

Learning from Prices and the Dispersion in Beliefs
      Review of Financial Studies, 2011, 24(9):3025-3068
      Winner of the RFS Young Researcher Prize, 2010

Disagreement and Learning: Dynamic Patterns of Trade (with I. Kremer)
      Journal of Finance, 2010, 65(4):1269-1302

Price Drift as an Outcome of Differences in Higher Order Beliefs (with R. Kaniel and I. Kremer)
      Review of Financial Studies, 2009, 22(9):3707-3734


Discussion of “Disclosure Processing Costs, Investors’ Information Choice, and Equity Market Outcomes: A Review” (with B. Breon-Drish and Joey Engelberg)
      Journal of Accounting and Economics, 2020, 70(2):101337


Conceal to Coordinate (with T. Kim and V. Mangla)

Transparency versus Tone: Public Communication with Limited Commitment (with Q. Liu )