Larry Selden

Professor Emeritus of Business

Finance and Economics

BA, Washington University, 1964; MBA, University of Pennsylvania, 1966; PhD, 1976

Joined CBS in 1976

Larry Selden

Office
 Uris

Phone
212-854-4353

E-mail
ls49@columbia.edu

Fax
212-854-9895

Teaching and research interest

Professor Selden teaches debt markets and lectures on shareholder value creation for business groups around the world. A recipient of grants from the National Science Foundation and the Center for Operations Research and Econometrics, Selden has analyzed models of portfolio allocation and preference determination. His current research focuses on linking sales and marketing efforts to a corporation’s share price. He is also applying his findings to Executive Education programs.

Courses taught

Journal articles

Myopic Separability In Journal of Economic Behavior & Organization (2014)
Author(s): Yakar Kannai, Larry Selden, Xiao Wei

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Violation of the Law of Demand (lead article) In Economic Theory (2014)
Author(s): Yakar Kannai, Larry Selden

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When Is a Risky Asset "Urgently Needed"? In American Economic Journal: Microeconomics (2014)
Author(s): Felix Kubler, Larry Selden, Xiao Wei

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Inferior Good and Giffen Behavior for Investing and Borrowing In American Economic Review (2013)
Author(s): Felix Kubler, Larry Selden, Xiao Wei

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A General Equilibrium Analysis of Option and Stock Market Interactions In International Economic Review (1991)
Author(s): Jerome Detemple, Larry Selden

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Approximate Aggregation under Uncertainty In Journal of Economic Theory (1986)
Author(s): Larry Pohlman, Herakles Polemarchakis, Larry Selden, Paul Zipkin

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On the Recoverability of Risk and Time Preferences from Consumption and Asset Demands In European Economic Review (1984)
Author(s): Herakles Polemarchakis, Larry Selden

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A Note on the Recoverability and Uniqueness of Changing Tastes In Economics Letters (1981)
Author(s): John Donaldson, Larry Selden

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Arrow-Debreu Preferences and the Reopening of Contingent Claims Markets In Economics Letters (1981)
Author(s): John Donaldson, Larry Selden

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A New Approach to the Joint Consumption-Portfolio Problem In Journal of Money, Credit and Banking (1980)
Author(s): Larry Selden

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An OCE Analysis of the Effect of Uncertainty on Saving Under Risk Preference Independence In The Review of Economic Studies (1979)
Author(s): Larry Selden

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A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis In Econometrica (1978)
Author(s): Larry Selden

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Time Preferences, Conditional Risk Preferences, and Two-Period Cardinal Utility In Journal of Economy Theory (1978)
Author(s): Michael Rossman, Larry Selden

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Working Papers

Expected Utility Preferences for Contingent Claims and Lotteries (2014)
Author(s): Felix Kubler, Larry Selden, Xiao Wei

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Habit Formation and Risk Preference Dependence (2014)
Author(s): Larry Selden

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Univariate Versus Bivariate Strong Independence (2013)
Author(s): Larry Selden

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Changing Tastes and Effective Consistency Working Paper (2012)
Author(s): Larry Selden, Xiao Wei

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Characterizing Myopic Intertemporal Demand Working Paper (2012)
Author(s): Yakar Kannai, Larry Selden, Xiao Wei

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Forthcoming Articles

Asset Demand Based Tests of Expected Utility Maximization In American Economic Review (2014)
Author(s): Felix Kubler, Larry Selden, Xiao Wei

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