Paul H. Décaire

Paul H. Décaire

Assistant Professor of Finance

W. P. Carey School of Business
Arizona State University

I study how financial professionals actually think and make decisions — and where their reasoning breaks down.

My work combines behavioral economics with detailed data on how practitioners value assets, budget capital, and learn from peers. For more, see my research page.

Forthcoming · Journal of Finance

Strategic Learning and Corporate Investment

with Michael Wittry

R&R · Quarterly Journal of Economics

Mental Models and Financial Forecasts

with Francesca Bastianello and Marius Guenzel

2025 Jack Treynor Prize · 2025 UCSD Brandes Center Best Paper

New Version

Valuation Fundamentals

with John Graham

2024 Jack Treynor Prize

Conditionally Accepted · Journal of Financial Economics

Capital Budgeting and Idiosyncratic Risk

Best Paper, 2019 FRA Conference · Cubist Award, 2020 WFA

View all research →