Larry Selden
- Professor Emeritus of Business
- Economics Division
- Areas of Expertise
- Consumer Behavior, Marketing, Strategy
- Contact
- E-mail: [email protected]
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.
- Education
-
BA, Washington University, 1964; MBA, University of Pennsylvania, 1966; PhD, 1976
- Joined CBS
- 1976
All Activities
Journal Article
.
“Incomplete Market Demand Tests for Kreps-Porteus-Selden Preferences.”
Journal of Economic Theory
vol.
185
,
(January 01, 2020):
Article 104973
.
Journal Article
.
“What Are Asset Demand Tests of Expected Utility Really Testing?”
The Economic Journal
vol.
127
,
(May 01, 2017):
784
-808
.
Journal Article
Selden, Larry and Xiao Wei
.
“Changing Tastes and Effective Consistency.”
The Economic Journal
vol.
126
,
(September 01, 2016):
1912
-1946
.
Journal Article
.
“Risk Neutrality Regions.”
Journal of Mathematical Economics
vol.
62
,
(January 01, 2016):
75
-89
.
Journal Article
.
“Myopic Separability.”
Journal of Economic Behavior & Organization
vol.
103
,
(July 01, 2014):
125
-144
.
Journal Article
.
“When Is a Risky Asset "Urgently Needed"?”
American Economic Journal: Microeconomics
vol.
6
,
(January 01, 2014):
131
-162
.
Journal Article
Kannai, Yakar and
Larry Selden
.
“Violation of the Law of Demand (lead article).”
Economic Theory
vol.
55
,
(January 01, 2014):
1
-28
.
Journal Article
.
“Asset Demand Based Tests of Expected Utility Maximization.”
American Economic Review
vol.
104
,
(January 01, 2014):
3459
-3480
.
Journal Article
.
“Inferior Good and Giffen Behavior for Investing and Borrowing.”
American Economic Review
vol.
103
,
(January 01, 2013):
1034
-1053
.
Journal Article
Detemple, Jerome and
Larry Selden
.
“A General Equilibrium Analysis of Option and Stock Market Interactions.”
International Economic Review
vol.
32
,
(May 01, 1991):
279
-303
.
Journal Article
.
“Approximate Aggregation under Uncertainty.”
Journal of Economic Theory
vol.
38
,
(January 01, 1986):
189
-210
.
Journal Article
Polemarchakis, Herakles and
Larry Selden
.
“On the Recoverability of Risk and Time Preferences from Consumption and Asset Demands.”
European Economic Review
vol.
26
,
(January 01, 1984):
115
-133
.
Journal Article
.
“A Note on the Recoverability and Uniqueness of Changing Tastes.”
Economics Letters
vol.
7
,
(January 01, 1981):
105
-112
.
Journal Article
.
“On the Recoverability and Uniqueness of Changing Tastes in a Consumption-Savings Setting.”
Economic Letters
vol.
8
,
(January 01, 1981):
105
-112
.
Journal Article
.
“Arrow-Debreu Preferences and the Reopening of Contingent Claims Markets.”
Economics Letters
vol.
8
,
(January 01, 1981):
209
-216
.
Journal Article
.
“A Note on the Divergence Between Ex Ante and Ex Post Optimality.”
Economic Letters
vol.
9
,
(January 01, 1981):
209
-216
.
Journal Article
.
“A New Approach to the Joint Consumption-Portfolio Problem.”
Journal of Money, Credit and Banking
vol.
12
,
(August 01, 1980):
429
-447
.
Journal Article
.
“An OCE Analysis of the Effect of Uncertainty on Saving Under Risk Preference Independence.”
The Review of Economic Studies
vol.
46
,
(January 01, 1979):
73
-83
.
Journal Article
.
“A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis.”
Econometrica
vol.
46
,
(September 01, 1978):
1045
-1060
.
Journal Article
Rossman, Michael and
Larry Selden
.
“Time Preferences, Conditional Risk Preferences, and Two-Period Cardinal Utility.”
Journal of Economy Theory
vol.
19
,
(January 01, 1978):
64
-83
.
Working Paper
Selden, Larry and Xiao Wei
.
Precautionary Saving and Capital Risk: Saving vs Asset Reallocation. September 15, 2024.
Working Paper
.
Time Consistency, Temporal Resolution Indifference and the Separation of Time and Risk. April 07, 2019.
Working Paper
.
Asset Demand Tests of Risk Preferences with Probability Dependent NM Indices. June 01, 2018.
Working Paper
.
The Identification of Attitudes Towards Ambiguity and Risk from Asset Demand. March 27, 2017.
Working Paper
.
Integrability of Demand in Incomplete Markets: Kreps-Porteus-Selden Preferences. December 18, 2016.
Working Paper
.
On Integrability and Changing Tastes. November 01, 2015.
Working Paper
.
Habit Formation and Risk Preference Dependence. January 01, 2014.
Working Paper
.
Univariate Versus Bivariate Strong Independence. January 01, 2013.
Working Paper
.
Characterizing Myopic Intertemporal Demand. January 01, 2012.
Working Paper
.
Theory of Inverse Demand: Financial Assets. January 01, 2011.
Working Paper
Polemarchakis, Herakles and
Larry Selden
.
Incomplete Markets and the Observability of Risk Preference Properties. January 01, 1981.
Working Paper
Selden, Larry and Ivan Stux
.
Consumption Trees, OCE Utility and the Consumption/Savings Decision. March 01, 1978.
Newspaper/Magazine Article
MacMillan, Ian and
Larry Selden
.
“The Incumbent's Advantage.”
Harvard Business Review
.
October 01, 2008.
Newspaper/Magazine Article
.
“Customer-Centricity: A Primer.”
Journal of Financial Transformation
.
November 01, 2007.
Newspaper/Magazine Article
MacMillan, Ian and
Larry Selden
.
“Manage Customer-Centric Innovation — Systematically.”
Harvard Business Review
.
April 01, 2006.
Newspaper/Magazine Article
.
“Best Buy's Giant Gamble.”
Fortune
.
March 26, 2006.
Newspaper/Magazine Article
McDonald, Duff and
Larry Selden
.
“Best Buy's Brilliant Bouncer.”
Business 2.0
.
January 01, 2005.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“5 Rules for Finding the Next Dell.”
Fortune
.
July 12, 2004.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“Five Rules for Finding the Next Dell.”
Fortune
.
July 01, 2004.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“What Customers Want.”
Fortune
.
July 07, 2003.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“M&A Needn't Be a Loser's Game.”
Harvard Business Review
.
June 01, 2003.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“Will This Customer Sink Your Stock?”
Fortune
.
September 30, 2002.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“A Measure of Success.”
Business 2.0
.
November 01, 2001.
Newspaper/Magazine Article
Colvin, Geoffrey and
Larry Selden
.
“Will Your E-Business Leave You Quick or Dead?”
Fortune
.
May 28, 2001.
Book
Selden, Larry and Geoff Colvin
.
Angel Customers & Demon Customers : Discover Which Is Which and Turbo-charge Your Stock. New York
:
Penguin Books, Portfolio
,
2003.
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