This paper analyzes the cache miss cost of algorithms when scheduled using randomized work stealing (RWS) in a parallel environment, taking into account the effects of false sharing. First, prior analyses (due to Acar et al.) are extended to incorporate false sharing. However, to control the possible delays due to false sharing, some restrictions on the algorithms seem necessary. Accordingly, the class of Hierarchical Tree algorithms is introduced and their performance analyzed. In addition, the paper analyzes the performance of a subclass of the Hierarchical Tree Algorithms, called HBP algorithms, when scheduled using RWS; improved complexity bounds are obtained for this subclass. This class was introduced in a companion paper with efficient resource oblivious computation in mind. Finally, we note that in a scenario in which there is no false sharing the results in this paper match prior bounds for cache misses but with reduced assumptions, and in particular with no need for a bounding concave function for the cost of cache misses as in prior work by Frigo and Strumpen. This allows non-trivial cache miss bounds in this case to be obtained for a larger class of algorithms.