University of Southern California

Cary Frydman
Assistant Professor of Finance and Business Economics

USC Marshall School of Business
Los Angeles, CA 90089-0804

Ph.D., M.S. California Institute of Technology, B.A. Northwestern University


Cary Frydman is an economist whose research interests are in behavioral finance, neurofinance, and household finance. His work aims to better understand investor behavior and financial decision-making by combining empirical methods from neuroscience with theoretical concepts in finance and economics. His recent research has examined the cause of the disposition effect and the role that attention plays in buying and selling stocks.


Frydman, C. D., and Camerer, C. (2016) "Neural Evidence of Regret and its Implications for Investor Behaviors," Review of Financial Studies.
Frydman, C. D., and Nave, G. (2016) "Extrapolative Beliefs in Economic and Perceptual Decisions: Evidence of a Common Mechanism," Management Science.
Frydman, C. D., Hartzmark, S., and Solomon, D. H. (2015) "Rolling Mental Accounts,".
Frydman, C. D., Barberis, N., Camerer, C., Bossaerts, P., and Rangel, A. (2014) "Using neural data to test a theory of investor behavior: An application to realization utility," The Journal of Finance, 69 (2), 907–946.
Frydman, C. D., and Rangel, A. (2014) "Debiasing the disposition effect by reducing the saliency of information about a stock’s purchase price," Journal of Economic Behavior & Organization , 107, Part B, 541 - 552.
Bossaerts, P., Frydman, C. D., and Ledyard, J. (2014) "The Speed of Information Revelation and Eventual Price Quality in Markets with Insiders: Comparing Two Theories," Review of Finance, 18 (1), 1-22.
Frydman, C. D., Camerer, C., Bossaerts, P., and Rangel, A. (2011) "MAOA-L carriers are better at making optimal financial decisions under risk," Proceedings of the Royal Society B: Biological Sciences, 278 (1714), 2053–2059.