Daniel Dorn’s research focuses on investments and behavioral finance. His work has been recognized by awards such as the European Central Bank’s Lamfalussy Fellowship, published in leading academic journals such as the Journal of Finance and Management Science, and discussed in media outlets such as the New York Times and the Wall Street Journal. He has developed new courses in behavioral finance and portfolio management and taught at the undergraduate, graduate, doctoral, and executive levels both in the U.S. and in Europe.


BA Finance and Entrepreneurship - Ecole Superieure de Commerce (ESC) de Lyon France 1998
BA Finance and Operations - WHU - Wissenschaftliche Hochschule fuer Unternehmensfuehrung Koblenz, — Germany 1998
Ph.D. Finance (with distinction) - Columbia University New York, NY USA 2003

Selected Works


Dorn, Daniel, and Huberman, Gur, Preferred Risk Habitat of Individual Investors. Journal of Financial Economics 97 (Jul 2010): 155-173.

Dorn, Daniel, Does Sentiment Drive the Retail Demand for IPOs?. Journal of Financial and Quantitative Analysis 44 (Apr 2009): 85-108.

Dorn, Daniel, and Sengmueller, Paul, Trading as Entertainment?. Management Science 55 (Apr 2009): 591-603.

Dorn, Daniel, Huberman, Gur, and Sengmueller, Paul, Correlated Trading and Returns. Journal of Finance 63 (Apr 2008): 885-920.

Dorn, Daniel, and Huberman, Gur, Talk and Action: What Individual Investors Say and What They Do?. Review of Finance 9 (Dec 2005): 437-481.

WWW Resources

Research papers can be accessed at and

Areas of Expertise

  • Behavioral Finance
  • Equity Markets
  • Investments