We investigate biases in expectations across different settings through a large-scale
randomized experiment where participants forecast stable stochastic processes. The …

We study the introduction of a wealth-management robo-adviser that constructs portfolios
tailored to investors' holdings and preferences. Adopters are similar to non-adopters in terms …

Consumers rely on the price changes of goods in their grocery bundles when forming
expectations about aggregate inflation. We use micro data that uniquely match individual …

Expectations about economic variables vary systematically across genders. In the domain of
inflation, women have persistently higher expectations than men. We argue that traditional …

Despite the converging roles of men and women in the labor market, occupational
segregation, defined as the tendency of men and women to work in different occupations …

Purpose The purpose of this study is to examine the role of personality traits (PTs) of
individual investors on their investment intention (II). Further, to study the mediating role of …

The purpose of this research is to explore gender differences in financial risk tolerance using
a large, nationally representative dataset, the Survey of Consumer Finances. The impact of …

We use administrative and survey-based micro data to study the relationship between
cognitive abilities (IQ), the formation of inflation expectations, and the consumption plans of …

Inflation expectations are central to economics because they affect the effectiveness of fiscal
and monetary policy, as well as realized inflation. We survey the recent literature with a …

How do low interest rates affect investor behavior? We demonstrate that individuals “reach
for yield,” that is, have a greater appetite for risk-taking when interest rates are low. Using …