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Faculty
Robert J. Bloomfield
Robert Bloomfield oversees the Johnson School's Doctoral Program as director of Graduate Studies, and is also director of the Business Simulation Laboratory. Since coming to the Johnson School in 1991, Bloomfield has used laboratory experiments and mathematical models to examine the effects of financial market regulations on investor welfare, and to explore how psychological forces can alter the behavior of financial markets. Bloomfield is the first director of the Financial Accounting Standards Research Initiative, which conducts academic research to assist the Financial Accounting Standards Board in its deliberations on new accounting standards.
Bloomfield is also active in the nascent field of Metanomics, which studies business and policy issues arising in the "metaverse" of virtual worlds, and hosts the weekly Metanomics event series in Second Life. He is an active author on Terra Nova, an academic site devoted to the metaverse, and has proposed using virtual worlds for policy research in his article, "Worlds For Study." Bloomfield"s work on metanomics has been covered by BusinessWeek, The New York Times, CFO Magazine, Technology Review, and numerous other outlets.
Selected Publications
How Noise Trading Affects Markets: An Experimental Analysis, with Maureen O'Hara and Gideon Saar. Review of Financial Studies, (forthcoming).
Margin Trading, Short-Selling and Overpricing, with Bill Tayler and Sanjeev Bhojraj. Review of Financial Studies, (forthcoming).
Behavioral Finance. 2007. The New Palgrave Encyclopedia of Economics, Steven Durlauf and Lawrence Blume, Editors, (forthcoming).
Feedback Loops, Fair Value and Correlated Investments, with Mark Nelson and Steven Smith. 2006. Review of Accounting Studies, 11:377-416
Responsibility for Cost Management Hinders Learning to Avoid the Winner's Curse, with Joan Luft, September, 2005. The Accounting Review, 81(1):29-48
How Verifiable Cheap-Talk Can Communicate Unverifiable Information, with Vrinda Kadiyali, Quantitative Marketing and Economics, 2005, 3(4):337-363.
Risk or Mispricing? From the Mouths of Professionals, with Roni Michaely. Financial Management, Autumn 2004, 33(3):61-82.
Confidence and Investors' Reliance on Disciplined Trading Strategies, with Susan Krische and Mark Nelson, Journal of Accounting Research, June 2003, 41(3): 503-540.
Over-Reliance on Previous Years' Earnings, with Robert Libby and Mark Nelson. Contemporary Accounting Research, Spring 2003, 20(1):1-31.
Experimental Research in Financial Accounting, with Robert Libby and Mark Nelson, Accounting, Organizations and Society, November 2002, 27(8):775-811.
Predicting the Next Step of a Random Walk: Experimental Evidence of Regime-Shifting Beliefs, with Jeffrey Hales, Journal of Financial Economics, September 2002, 65(3): 397-415.
The Incomplete Revelation Hypothesis: Implications for Financial Reporting, Accounting Horizons, September 2002, 16(3): 233-244.
Confidence and the Welfare of Less-Informed Investors, with Robert Libby and Mark Nelson, Accounting, Organizations and Society, November, 1999, 24:623-647.
Strategic Dependence and Inherent Risk Assessments, The Accounting Review, January 1995, 70:71-90.
rjb9@cornell.edu
450 Sage Hall
Johnson Graduate School of Management
Cornell University
Ithaca, NY 14853-6201
607-255-9407
