Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

Financial decisions are among the most important life-shaping decisions that people make.
We review facts about financial decisions and what cognitive and neural processes …

We study a newly designed survey administered to a large panel of wealthy retail investors.
The survey elicits beliefs that are important for macroeconomics and finance, and matches …

In this survey, we review the voluminous body of literature on the measurement and the
determinants of financial literacy. Wherever possible, we supplement existing findings with …

Winner of the Nobel Prize in Economics Get ready to change the way you think about
economics. Nobel laureate Richard H. Thaler has spent his career studying the radical …

This paper concerns the central issues of model robustness and sample efficiency in offline
reinforcement learning (RL), which aims to learn to perform decision making from history …

We show how data from online social networking services can help researchers better
understand the effects of social interactions on economic decision making. We combine …

We provide an overview of research on the stock trading behavior of individual investors.
This research documents that individual investors (1) underperform standard benchmarks …

We study how managers respond to hurricane events when their firms are located in the
neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity …

This lecture considers the case for consumer financial regulation in an environment where
many households lack the knowledge to manage their financial affairs effectively. The …