ALEX R. HORENSTEIN

Color pencil portrait by Federico Uribe

Publications:

Asset Pricing/Financial Econometrics

"Non-Standard Errors," Journal of Finance, 2024 (crowd-sourced project with 342 co-authors from 34 countries and 207 institutions) - Working Paper Version
"The Unintended Impact of Academic Research on Asset Returns: The CAPM Alpha," Management Science, 2021 - Published Version - Working Paper Version
"Understanding Growth Patterns in US Health Care Expenditures," Journal of the European Economic Association, 2019 (with Manuel Santos) - Published Version - Working Paper Version
"Beta Matrix and Common Factors in Stock Returns," Journal of Financial and Quantitative Analysis, 2018 (with Seung C. Ahn and Na Wang) - Published Version - Working Paper Version
"Eigenvalue Ratio Test for the Number of Factors," Econometrica, 2013 (with Seung C. Ahn) - Published Version - Working Paper Version

Experimental and Behavioral Economics

"Understanding Dynamic Interactions," Games and Economic Behavior ,2025 (with Konrad Grabiszewski) - Published Version - Working Paper Version
"Unraveling the Peltzman Effect: The Significance of Agent’s Type," The Review of Law and Economics, 2024 (with Konrad Grabiszewski) - Published Version - Working Paper Version
"Proﬁling Dynamic Decision-Makers," PLOS ONE, 2022 (with Konrad Grabiszewski) - Published Version - Working Paper Version
"Measuring Tree Complexity with Response Times," Journal of Behavioral and Experimental Economics, 2022 (with Konrad Grabiszewski) - Published Version - Working Paper Version
"Effort is not a Monotonic Function of Skills: Results from a Global Mobile Experiment," Journal of Economic Behavior & Organization, 2020 (with Konrad Grabiszewski) - Published Version - Working Paper Version

Other Publications:

"Portfolio Choice in Mexico," Journal of Behavioral and Experimental Finance, 2017 (with Avichai Snir) - Published Version - Working Paper Version - Summary Version (Spanish)
"Out-of-town Buyers, Mispricing and the Availability Heuristic in a Housing Market," Real Estate Finance, 2017 (with Daniel Osgood and Avichai Snir) - Published Version
"Parcel Size and Land Value: A Comparison of Approaches," Journal of Real Estate Research, 2015 (with Karl Guntermann, Federico Nardari and Garreth Thomas) - Published Version - Working Paper Version

Working Papers:

Asset Pricing/Financial Econometrics

Common Factors in Equity Option Returns (with Aurelio Vasquez and Xiao Xiao) - revision requested at the Review of Financial Studies
Market Betas in Multi-factor Models (with Seung C. Ahn) - Supplemental Material - revision requested at Journal of Financial and Quantitative Analysis
Leverage and Performance Metrics in Asset Pricing - old version - [new version coming soon]

Behavioral and Experimental Economics

Mobile Experiments (with Konrad Grabiszewski)

(with Konrad Grabiszewski and Diogo Aguiar Gomes)

Confererences about latin american economics

Ciclo de Seminarios Sobre Desafíos Económicos con Foco en Argentina
(co-organized with the School of International and Public Affairs (SIPA) at Columbia University)

Video from Novemebr 22nd 2024
Moderator: Guillermo Calvo
Presenters: Ernesto Talvi and Pablo Guidotti

MEXICO: Addressing Economic Challenges (October 2024)
(co-organized with the Georgetown Americas Insitute)

Videos:

Session 1: Conference Introduction by Dean Paul Pavlou (Miami Herbert Business School) and Keynote address by Esteban Rossi-Hansberg (University of Chicago), Mexico and the Global Response to Climate Change.

Session 2: Panel on Social Policies and Institutions by Felicia Knaul (University of Miami), Nora Lustig (Georgetown Americas Institute), Miguel Szekely (Szekely Consultants ), and Enrique Seira (Michigan State University)

Session 3: Keynote address by Laura Alfaro (Harvard University), Nearshoring in the Americas.

Session 4: Panel on Energy by Luis Mañas (Arbitrage Capital, Madrid) and Montse Ramiro (Former Commissioner-CRE)

Session 5: Panel on Macroeconomics by Ana Aguilar (BIS), Alejandro Werner (Georgetown Americas Institute), Gerardo Esquivel (El Colegio de Mexico), and Miguel Messmacher (ITAM)