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About the Author(s)

Andrei Shleifer

Andrei Shleifer is John L. Loeb Professor of Economics at Harvard University. He holds an undergraduate degree from Harvard and a PhD from MIT. Before coming to Harvard in 1991, he taught at Princeton University and the University of Chicago Booth School of Business. He is a research associate in the NBER's Corporate Finance, Public Economics, Asset Pricing, Economic Fluctuations and Growth, Law and Economics, and Political Economy programs.

Shleifer has worked in the areas of comparative corporate governance, law and finance, behavioral finance, and institutional economics. He has published seven books, including The Grabbing Hand, with Robert Vishny; Inefficient Markets: An Introduction to Behavioral Finance; and A Crisis of Beliefs: Investor Psychology and Financial Fragility, with Nicola Gennaioli, as well as over a hundred articles.

Shleifer is an editor of the Quarterly Journal of Economics, and a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. In 1999, he won the John Bates Clark Medal of the American Economic Association. According to the organization Research Papers in Economics (RePEc), Shleifer is the most-cited economist in the world.


1. R. Greenwood and A. Shleifer, "Expectations of Returns and Expected Returns," NBER Working Paper No. 18686, January 2013, and The Review of Financial Studies, 27(3), 2014, pp. 714–46.   Go to ⤴︎
2. R. La Porta, "Expectations and the Cross-Section of Stock Returns," The Journal of Finance, 51(5), 1996, pp. 1715–42.   Go to ⤴︎
3. P. Bordalo, N. Gennaioli, R. La Porta, and A. Shleifer, "Diagnostic Expectations and Stock Returns," NBER Working Paper No. 23863, September 2017, and forthcoming in The Journal of Finance.   Go to ⤴︎
4. N. Gennaioli, Y. Ma, and A. Shleifer, "Expectations and Investment," NBER Working Paper No. 21260, June 2015, and the NBER Macroeconomics Annual 2015, 30(1), 2015, pp. 379–431 Go to ⤴︎

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