Paul H. Décaire

Paul H. Décaire

Assistant Professor of Finance

W. P. Carey School of Business
Arizona State University

My research examines professional financial decision-making in resource allocation through a behavioral lens, using firms and financial markets as natural laboratories. Recent projects investigate:

  1. How strategic interactions in managerial learning games impact investment decisions
  2. The role of heuristics in capital budgeting and valuation
  3. The mental models that shape the decisions of financial market professionals

For more information on these projects, please visit my research page.

  1. Harvard Business School (Finance) Junior Finance Conference
  2. AI & Big Data in Finance Research Forum
  3. UCLA Fink Center for Finance Conference
  4. FSU Truist Beach Conference 2026
  5. Minnesota Corporate Finance Conference 2026
  6. 2026 Western Finance Association Conference (WFA)
  7. SFS Cavalcade NA 2026
Forthcoming · Journal of Finance

Strategic Learning and Corporate Investment

with Michael Wittry

R&R · Quarterly Journal of Economics

Mental Models and Financial Forecasts

with Francesca Bastianello and Marius Guenzel

2025 Jack Treynor Prize · 2025 UCSD Brandes Center Best Paper

R&R · Quarterly Journal of Economics

Valuation Fundamentals

with John Graham

2024 Jack Treynor Prize

R&R · Journal of Financial Economics

Capital Budgeting and Idiosyncratic Risk

Best Paper, 2019 FRA Conference · Cubist Award, 2020 WFA

View all research →