Joseph Engelberg
· Professor of FinanceVerifiedUniversity of California, San Diego · Behavioral Science
Active 1953–2026
About
Dr. Lauren Eckhardt is the full-time director of the Atkinson Behavioral Research Lab at UC San Diego's Rady School of Management, where she oversees behavioral research focused on how individuals form judgments and make decisions in business contexts. The lab, established in 2013 with support from former UC San Diego Chancellor Richard Atkinson, supports experiments involving a participant pool of over 2,000 undergraduates each quarter, primarily for class credit. Dr. Eckhardt collaborates with faculty and graduate students, employing various methodologies to generate impactful insights that shape business practices across industries. The lab's research is integral to the Rady community, fostering innovation in behavioral science. Dr. Eckhardt manages the operational aspects of the lab, including study scheduling, facilities, and compliance requirements such as IRB approval and CITI training. She also supervises undergraduate research assistants and volunteers, promoting experiential learning and research engagement among students. Her leadership ensures the lab's role as a cornerstone of behavioral research at UC San Diego, contributing to the advancement of understanding decision-making processes in business environments.
Research topics
- Economics
- Financial economics
- Computer Security
- Political Science
- Business
- Monetary economics
- History
- Computer Science
- Mathematics
- Geography
- Accounting
- Econometrics
- Virology
- Law
- Psychology
- Biology
- Statistics
Selected publications
Data and Code for: Cross-State Strategic Voting
ICPSR Data Holdings · 2026-01-06
datasetOpen accessWe estimate that 3.1% of US voters, or 6.1 million individuals, were registered to vote in two states in 2020, opening up the possibility for them to choose where to vote. Double registrants are concentrated in the wealthiest zipcodes and respond to both incentives and costs, disproportionately choosing to vote in swing states (higher incentive) and states which automatically send out mail-in ballots (lower cost). We call this behavior Cross-State Strategic Voting. While others have documented strategic incentives on who to vote for, this paper is the first to consider strategic incentives on where to vote.
Data and Code for: Cross-State Strategic Voting
ICPSR Data Holdings · 2026-01-06
datasetOpen accessWe estimate that 3.1% of US voters, or 6.1 million individuals, were registered to vote in two states in 2020, opening up the possibility for them to choose where to vote. Double registrants are concentrated in the wealthiest zipcodes and respond to both incentives and costs, disproportionately choosing to vote in swing states (higher incentive) and states which automatically send out mail-in ballots (lower cost). We call this behavior Cross-State Strategic Voting. While others have documented strategic incentives on who to vote for, this paper is the first to consider strategic incentives on where to vote.
Data and Code for: Cross-State Strategic Voting
ICPSR Data Holdings · 2026-03-31
datasetOpen accessWe estimate that 3.1% of US voters, or 6.1 million individuals, were registered to vote in two states in 2020, opening up the possibility for them to choose where to vote. Double registrants are concentrated in the wealthiest zipcodes and respond to both incentives and costs, disproportionately choosing to vote in swing states (higher incentive) and states which automatically send out mail-in ballots (lower cost). We call this behavior Cross-State Strategic Voting. While others have documented strategic incentives on who to vote for, this paper is the first to consider strategic incentives on where to vote.
Political Sentiment and Innovation: Evidence from Patenters
Review of Financial Studies · 2025-04-28
articleOpen access1st authorCorrespondingAbstract We document political sentiment effects on U.S. inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are at least twice as strong among politically active Democrats and are present even within firms and within firm$ \times $technology. We also show that partisans tend to cluster in technologies (e.g., Democrats in Biotechnology and Republicans in Weapons), so that sentiment effects aggregate to more patents in the technologies dominated by the winning party.
SSRN Electronic Journal · 2025-01-01 · 1 citations
preprintOpen access1st authorCorrespondingThe Portfolio‐Driven Disposition Effect
The Journal of Finance · 2024-08-21 · 42 citations
articleOpen accessABSTRACT The disposition effect for a stock significantly weakens if the portfolio is at a gain, but is large when it is at a loss. We find this portfolio‐driven disposition effect (PDDE) in four independent settings: U.S. and Chinese archival data, as well as U.S. and Chinese experiments. The PDDE is robust to a variety of controls in regression specifications and is not explained by extreme returns, portfolio rebalancing, tax considerations, or investor heterogeneity. Our evidence suggests that investors form mental frames at both the stock and the portfolio levels and that these frames combine to generate the PDDE.
The Loan Fee Anomaly: A Short Seller’s Best Ideas
Management Science · 2024-10-09 · 17 citations
article1st authorCorrespondingWe find that equity loan fees, which have been largely ignored by the anomalies literature, are the best predictor of cross-sectional returns. When compared with 102 other anomalies and other short-selling measures, the loan fee anomaly has the highest monthly long-short return (4.01%), the highest monthly Sharpe Ratio (0.66), and, unlike other anomalies, exhibits strong persistence throughout the sample. Although prior work has shown that existing anomalies reside in high loan fee stocks, we find that 42% of loan fee outperformance is due to unique information not contained in other anomalies. Future papers that examine cross-sectional predictors of returns should include the single most effective predictor: loan fees. This paper was accepted by Victoria Ivashina, finance. Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2023.00152 .
National Bureau of Economic Research · 2023-02-01
reportOpen accessWe estimate that 3.1% of US voters, or 6.1 million individuals, were registered to vote in two states in 2020, opening up the possibility for them to choose where to vote.Double registrants are concentrated in the wealthiest zipcodes and respond to both incentives and costs, disproportionately choosing to vote in swing states (higher incentive) and states which automatically send out mail-in ballots (lower cost).We call this behavior Cross-State Strategic Voting.While others have documented strategic incentives on who to vote for, this paper is the first to consider strategic incentives on where to vote.
Political Sentiment and Innovation: Evidence from Patenters
National Bureau of Economic Research · 2023-08-01 · 6 citations
reportOpen access1st authorCorrespondingWe document political sentiment effects on US inventors.Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump.These effects are 2-3 times as strong among politically active partisans and are present even within firms over time.Patenting by immigrant inventors (relative to nonimmigrants) also falls following Trump's election.Finally, we show partisan concentration by technology class and firm.This concentration aggregates up to more patenting in Democratdominated technologies (e.g., Biotechnology) compared to Republican-dominated technologies (e.g., Weapons) following the 2008 election of Obama.
The Partisanship of Financial Regulators
Review of Financial Studies · 2023-04-21 · 41 citations
article1st authorAbstract We analyze the partisanship of Commissioners at the SEC and Governors at the Federal Reserve Board. Using recent advances in machine learning, we identify partisan phrases in Congress, such as “red tape” and “climate change,” and observe their usage among regulators. Although the Fed has remained relatively nonpartisan throughout our sample period (1930–2019), we find that partisanship among SEC Commissioners rose to an all-time high during the 2010-2019 period, driven by more-partisan Commissioners replacing less-partisan ones. Partisanship at the SEC appears in both the language of new SEC rules and the voting behavior of SEC Commissioners. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
Frequent coauthors
- 45 shared
William Mullins
University of California, San Diego
- 39 shared
Zhi Da
- 31 shared
Pengjie Gao
- 30 shared
J. Anthony Cookson
University of Colorado Boulder
- 25 shared
Christopher A. Parsons
University of Southern California
- 19 shared
Jonathan Brogaard
- 19 shared
Edward Dickersin Van Wesep
- 16 shared
Jared Williams
Texas Tech University
Labs
Awards & honors
- The Atkinson Behavioral Research Lab received foundational s…
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