David Hirshleifer joined the finance faculty at The Paul Merage School of Business in 2006 after serving as the Kurtz Chair in Finance at Ohio State University's Fisher College of Business, the Waterman Professor of Finance at the University of Michigan Business School, and as a tenured faculty member at the UCLA Anderson School of Management. Hirshleifer is President of the American Finance Association, and is a research associate of the National Bureau of Economic Research (Corporate Finance and Asset Pricing Programs). He has served as Executive Editor of the Review of Financial Studies, and as associate editor of several other finance, economics, and strategy journals.
His expertise includes corporate finance, investments, and behavioral finance. Some of his recent research has been on psychology in firms and markets, social transmission of investment ideas and behavior, and the effect of emotions on stock prices. He has also conducted research on risk management, determinants of futures prices, social interactions and markets, fads and fashions in economic decisions, and how psychological bias affects political and regulatory decisions. He has published more than 60 papers, several of which have won research awards, including the Smith Breeden Award for outstanding paper in the Journal of Finance. He is co-author of Price Theory and Applications: Decisions, Markets, and Information, now in its seventh edition. Hirshleifer has presented papers and participated in discussions at many seminars and national and international conferences. His research has been profiled in U.S. and international newspapers, magazines, and broadcast media.