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Lawrence J. Jin

Assistant Professor of Finance
Lawrence Jin headshot
Contact information for Lawrence J. Jin
Contact Method Value
Mail Code: MC 228-77
Office: 207 Baxter
Phone: 626-395-4558
Administrative Assistant:
B.S., Tsinghua University China, 2005; M.S., California Institute of Technology, 2006; Ph.D., Yale University, 2015. Caltech, 2015-.

Research Interests

Asset Pricing; Behavioral Finance; Institutional Frictions; Financial Intermediaries; Household Finance


Business, Economics and Management


Lawrence J. Jin received his Ph.D. in Financial Economics from Yale University in May 2015. His research focuses on asset pricing, behavioral finance, financial intermediaries, and household finance. He holds a B.S. in Mathematics and Physics from Tsinghua University and a M.S. in Electrical Engineering from Caltech. Prior to attending Yale, he spent two years as a research and trading analyst at Citigroup. His research has been published in the Review of Financial Studies and the Journal of Financial Economics.

His JFE paper "X-CAPM: An Extrapolative Asset Pricing Model" received the Q-Group's 2014 Jack Treynor Prize—the prize recognizes superior academic papers with potential applications in the fields of investment management and financial markets. His job market paper "A Speculative Asset Pricing Model of Financial Instability" received the AQR Top Finance Graduate Award in 2015—the award recognizes finance Ph.D. graduates worldwide whose dissertations and broader research potential carry the greatest promise of making an impact on the practice of finance and in academia.

Click here for more information about Lawrence's research.

Selected Awards

AQR Top Finance Graduate Award, 2015
Q-Group Jack Treynor Prize, 2014

Selected Publications

Extrapolation and Bubbles, (with Nicholas Barberis, Robin Greenwood, and Andrei Shleifer). Journal of Financial Economics, forthcoming.

X-CAPM: An Extrapolative Capital Asset Pricing Model, (with Nicholas Barberis, Robin Greenwood, and Andrei Shleifer). Journal of Financial Economics (2015), 115 (1), 1-24. (Lead Article)

Realization Utility with Reference-Dependent Preferences, (with Jonathan E. Ingersoll, Jr.). Review of Financial Studies (2013), 26 (3), 723-767.