ALEX R. HORENSTEIN
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associate Professor of Economics
University of Miami

e-mail: alexhorenstein@gmail.com
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Color pencil portrait by Federico Uribe

CV

Publications:

​Asset Pricing/Financial Econometrics
  • "Non-Standard Errors," Forthcoming at Journal of Finance ​(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
    • Best paper award at the 2019 FMA Global Conference in Latin America
    • Media: ​Featured at Bloomberg's "Money Stuff", Featured at Bloomberg's "Markets", ​Featured in video at Financial Times' "Charts That Count", Mentioned at Bloomberg's "Markets", ​Featured at Financial Times' "FT Advisors' Asset Allocator", ​Mentioned at Seeking Alpha.
  • "Understanding Growth Patterns in US Health Care Expenditures," Journal of the European Economic Association, 2019 (with Manuel Santos) - Published Version - Working Paper Version
    • ​Mentioned at The New York Times
  • "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
  • "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​
  • "Eigenvalue Ratio Test for the Number of Factors," Econometrica, 2013 (with Seung C. Ahn) - Published Version - Working Paper Version
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Experimental and Behavioral Economics
  • "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
Working Papers:​

Asset Pricing/Financial Econometrics​
  • Common Factors in Equity Option Returns (with Aurelio Vasquez and Xiao Xiao)
  • Market Betas in Multi-factor Models  (with Seung C. Ahn) - Supplemental Material​​ - revision requested
  • Leverage and Performance Metrics in Asset Pricing - old version - [new version coming soon]​​
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Behavioral and Experimental Economics
  • Game-Form Recognition in Dynamic Interactions (with Konrad Grabiszewski)​​ - [new version coming soon]​​​
Mobile Experiments (with Konrad Grabiszewski)​
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Alex R. Horenstein
Associate Professor
Department of Economics
University of Miami
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