Yale School of Management

203.432.8763

Assistant Professor of Organizational Behavior

Professor Massey works at the intersection of psychology and economics to investigate how behavior departs from rational models. His expertise is judgment under uncertainty, with a focus on optimism, overconfidence, and learning. His research is based on both laboratory experiments and archival studies of “real world” behavior, such as the draft picks of professional football teams and the investment decisions of employees holding stock options.

Achievements and Awards
Daimler Chrysler Elective Teaching Award, Fuqua School of Business, 2004-2005
Daimler Chrysler Core Teaching Award, Fuqua School of Business, 2002-2003
Hillel Einhorn Memorial Fellowship, 2000-2001
Best Student Paper in Decision Analysis, INFORMS, 2000

Affiliations
Academy of Management
American Economic Association
Behavioral Finance Forum
Institute for Operations Research and Management Science
Society for Judgment and Decision Making

Selected Articles
"Prescribed Optimism: Is It Right To Be Wrong About the Future" (with D. Armor and A. Sackett) Psychological Science, Vol. 19, No. 4, 329-331, 2008

"Detecting Regime Shifts: The Psychology of Under- and Over-Reaction" (with G. Wu), Management Science, June 2005

"Understanding Under- and Over-Reaction" (with G. Wu), The Psychology of Economic Decisions. Volume 2: Reasons and Choices, Oxford University Press, 2004

Working Papers
"Optimism, Experience & Positive Illusion" (with R. Kaniel and D. Robinson)

"The Importance of Being an Optimist: Evidence
from the Labor Market" (with R. Kaniel and D. Robinson)

"Learning to Detect Change" (with y. Li and G. Wu)

"Loser’s Curse: Overconfidence vs. Market Efficiency in the NFL Draft" (with R. Thaler)

"How Employees Value Stock Options"

Education
PhD University of Chicago, 2003
MBA University of Chicago, 2003
BBA University of Texas, 1989

Related Links

Professor Massey's CV