Yehuda (Yud) Izhakian | Research

Published and Forthcoming Papers

  1. Innovation under Ambiguity and Risk
    with Gabriela Coiculescu and Abraham Ravid
    Journal of Financial and Quantitative Analysis, 2024, vol. 59 (7), pp. 3190-3229
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  2. Experimental Finance: Introduction to the Special Issue in the QJF
    with Debrah Meloso and Orly Sade
    The Quarterly Journal of Finance , 2024, vol. 14 (1), pp. 1-15
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  3. Risk and Ambiguity in Turbulent Times
    with Menachem Bernner
    The Quarterly Journal of Finance , 2022, vol. 12 (1), pp. 1-16
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  4. Ambiguity and The Tradeoff Theory of Capital Structure
    with David Yermack and Jaime Zender
    Management Science, 2021, vol. 68 (6), pp. 1526-5501
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  5. Underwriter Reputation, Issuer-Underwriter Matching, and SEO Performance
    with Charles Calomiris and Jaime Zender
    Journal of Financial and Quantitative Analysis, 2021, pp. 1-40
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  6. A Theoretical Foundation of Ambiguity Measurement
    Journal of Economic Theory, 2020, vol. 187, pp. 105001
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  7. Ambiguity, Volatility, and Credit Risk
    with Patrick Augustin
    The Review of Financial Studies, 2020, vol. 33 (4), pp. 1618-1672
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  8. An Experimental Test of the Lucas Asset Pricing Model
    with Sean Crockett and John Duffy
    The Review of Economic Studies, 2019, vol. 86 (2), pp. 627-667
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  9. Asset Prices and Ambiguity: Empirical Evidence
    with Menachem Bernner
    Journal of Financial Economics, 2018, vol. 130 (3), pp. 503-531
    Winner of the 2012 Investor Responsibility Research Center Institute (IRRCi) Award for Best Academic Paper
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  10. Risk, Ambiguity, and the Exercise of Employee Stock Options
    with David Yermack
    Journal of Financial Economics, 2017, vol. 124 (1), pp. 65-85
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  11. Expected Utility with Uncertain Probabilities Theory
    Journal of Mathematical Economics, 2017, vol. 69, pp. 91-103
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  12. Decision Making in Phantom Spaces
    with Zur Izhakian
    Economic Theory, 2015, vol. 58 (1), pp. 59-98
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  13. Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
    with Alex Cukierman
    Journal of Banking and Finance, 2015, vol. 52, pp. 160-179
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  14. Pricing Stock Options with Stochastic Interest Rate
    with Menachem Abudy
    International Journal of Portfolio Analysis and Management, 2013, vol. 1 (3), pp.250-277
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  15. The Uncertainty Premium in an Ambiguous Economy
    with Simon Benninga
    The Quarterly Journal of Finance, 2011, vol. 1 (2), pp. 323-354
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Working Papers

  1. A Theoretical Foundation of Ambiguity Measurement: A Reply
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  2. Knight Meets Sharpe: Capital Asset Pricing under Ambiguity
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  3. A Continuous-Time, Forward-Looking, Implied Ambiguity Index
    with Zur Izhakian
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  4. Ambiguity, Risk, and Payout Policy
    with Richard Herron
    Winner of the 2018 International Risk Management Conference (IRMC) Award for Best Paper
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  5. Real Investment Under Ambiguity: Evidence from Mergers and Acquisitions
    with Richard Herron
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  6. Ellsberg's Hidden Paradox
    with Sean Crockett and and Julian Jamison
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  7. Ambiguity and Beliefs in The Principal-Agent Model
    with Jaime Zender
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  8. Do I Really Want to Hear the News? Public Information Arrival, Ambiguity and Investor Beliefs
    with Azi Ben-Rephael and Tony Cookson
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  9. Trading, Ambiguity and Information in the Options Market
    with Azi Ben-Rephael and Tony Cookson
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  10. Should I Stay or Should I Go? Trading Behavior under Ambiguity
    with Azi Ben-Rephael
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  11. Pricing Climate Ambiguity
    with Francesco Rocciolo, Monica Billio and Massimo Guidolin
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  12. The Option to Pay Attention
    with Hagit Levy, Ron Shalev and Emanuel Zur
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  13. Ambiguity and Corporate Yield Spreads
    with Ryan Lewis and Jaime Zender
    Winner of the BME Award 2024 to the Best Paper on Fixed Income Markets, XXXI Finance Forum of The Spanish Finance Association (AEFIN)
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  14. Initial Public Offerings under Ambiguity
    with Jaime Zender
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Permanent Working Papers

  1. Ambiguity and Overconfidence
    with Menachem Brenner and Orly Sade
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  2. Phantom Probability
    with Zur Izhakian
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Contact

Email: yudizh@gmail.com
Office: 55 Lexington Ave.
Suite 10-236
New York, NY 10010

Research Links

SSRN page

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