WEI XIONG

http://www.princeton.edu/~wxiong/ Address Bendheim Center for Finance, 26 Prospect Avenue, Princeton, NJ 08540, USA Phone: (609) 258-0282 Fax: (609) 258-0771 e-mail: wxiong@princeton.edu

Academic Appointments Princeton University, Department of Economics and Bendheim Center for Finance Assistant Professor of Economics, 2000 – present National Bureau of Economic Research, Faculty Research Fellow, 2005 – present

Education Ph.D., Finance, Fuqua School of Business, Duke University, 2001 M.A., Physics, Columbia University, 1995 B.S., Physics, University of Science and Technology of China, Hefei, China, 1993

Research Papers • “Convergence Trading with Wealth Effects: An Amplification Mechanism in Financial Markets”, 2001, Journal of Financial Economics 62, 247-292. • “Contagion as a Wealth Effect”, 2001, Journal of Finance 56, 1401-1440. (with Albert Kyle) • “Overconfidence and Speculative Bubbles”, Journal of Political Economy 111, 2003, 1183-1219. (with Jose Scheinkman) • “Heterogeneous Beliefs, Speculation and Trading in Financial Markets”, Paris-Princeton Lectures on Mathematical Finance, Springer, 2003, 217-250. (with Jose Scheinkman) • “Prospect Theory and Liquidation Decisions”, Journal of Economic Theory, forthcoming. (with Albert Kyle and Hui Ou-Yang) • “Asset Float and Speculative Bubbles”, Journal of Finance, forthcoming. (with Harrison Hong and Jose Scheinkman) • “Investor Attention, Overconfidence and Category Learning”, Journal of Financial Economics, forthcoming. (with Lin Peng) • “Executive Compensation and Short-termist Behavior in Speculative Markets”, Second round submission at Review of Economic Studies. (with Patrick Bolton and Jose Scheinkman) • “Pay for Short-Term Performance: Executive Compensation in Speculative Markets”, invited publication at Journal of Corporation Law. (with Patrick Bolton and Jose Scheinkman) • “Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share Premia” (with Jianping Mei and Jose Scheinkman) • “A General Framework for Evaluating Executive Stock Options” (with Ronnie Sircar) • “The Road to a Technology Bubble is Paved with Good Intentions: Advisors and Asset Prices” (with Harrison Hong and Jose Scheinkman)

Academic Honors • Review of Economic Studies European Tour, May 2000 • Roger Murray Prize in 2001 Q-group meetings

Academic Experiences Invited University Seminars 2005: University of Notre Dame 2004: Wharton School, Ohio State University, Cornell University, University of Kentucky, University of Florida, Rutgers University 2003: New York University, Columbia University, Harvard University, University of Southern California, California Institute of Technology, Carnegie Mellon University, Massachusetts Institute of Technology, University of Rochester 2002: University of Chicago, Northwestern University, Stanford University, Baruch College 2001: University of California – Los Angeles, Rutgers University 2000: University of Chicago, Harvard University, Princeton University, Columbia University, Northwestern University, Ohio State University, Washington University (St. Louis), University of Utah, University College London, University of Toulouse, Tel Aviv University, Tilburg University

Conference Presentations 2005: American Finance Association Meetings in Philadelphia 2004: Econometric Society Winter Meetings in San Diego, Western Finance Association Meeings in Vancouver, NBER Conference on Chinese Economy 2003: American Finance Association Meetings in Washington DC, Utah Winter Finance Conference, Western Finance Association Meetings in Los Cabos Mexico, Blaise Pascal Conference on Financial Modeling in Paris, European Summer Symposium in Financial Markets at Gerzensee Switzerland, NBER Corporate Finance Meeting, NBER Asset Pricing Meeting, HKUST Symposium in Finance 2002: Review of Financial Studies Conference at Kellogg School of Management, 2002 International Finance Conference at Tsinghua University, NBER Behavioral Finance Meeting, 5th Maryland Finance Symposium, Five Star Conference at New York University 2001: American Finance Association Meetings in New Orleans, Q-Group Spring Meeting in Tampa 2000: NASDAQ-Notre Dame Conference in Market Microstructure at University of Notre Dame, 11th Annual Conference in Financial Economics and Accounting at University of Michigan Business School

Conference Discussions 2005: American Finance Association Meetings in Philadelphia 2004: American Finance Association Meetings in San Diego, Econometric Society Winter Meetings in San Diego (session chair) 2003: American Finance Association Meetings in Washington DC, Econometric Society Meetings in Washington DC, HKUST Conference in Corporate Finance 2002: American Finance Association Meetings in Atlanta 2001: Western Finance Association Meetings in Tucson, 7th International Finance Conference in Georgia Tech

Referee American Economic Review Econometrica Economica Journal of Economic Dynamics and Control Journal of Empirical Finance Journal of European Economic Association Journal of Finance Journal of Financial Markets Journal of Political Economy Mathematical Finance Quarterly Journal of Economics Review of Economic Studies Review of Financial Studies