We conduct two survey experiments to study which information people choose to consume
and how it affects their beliefs. In the first experiment, respondents choose between …

We report an experiment where each subject's ambiguity sensitivity is measured by an
ambiguity premium, a concept analogous to and comparable with a risk premium. In our …

The illusion of control occurs when individuals believe that exerting objectively meaningless
control over pure chance events increases their probability of success. In economics, the …

改革开放四十余年来, 实验经济学经历了一个漫长的本土化历程, 文章首次对这一历程进行了
比较全面和客观地回顾, 总结和评价. 文章把这一本土化历程划分为萌芽, 兴起和初步繁荣三个 …

We analyze the impact of risk aversion and ambiguity aversion on the competing demands
for annuities and bequeathable savings using a lifecycle recursive utility model. Our main …

Financial crises originate in debt markets, where beliefs formation about asset values affects
the value of collateral, hence the leverage cycles. We introduce novel state-contingent …

Résumé Cette thèse comporte une série de quatre papiers et d'une note de recherche, aux
thématiques diverses. La première partie vise à montrer les possibilités offertes par les …

Financial crises often originate in debt markets, where collateral constraints and opacity of
asset values are the norm. In such ambiguous contexts endogenous beliefs formation is …

Using the data from large representative surveys fielded in the United States and
Netherlands, this thesis aims to examine the impacts of financial literacy on real-world …

This thesis consists in three essays that study the linkages between real and financial factors
from different perspectives. Chapter 1, co-authored with Ester Faia and Valeria Patella …