We survey retail investors at an online bank to study how beliefs about the autocorrelation of
aggregate stock returns shape investment decisions measured in administrative account …

Renewable portfolio standards (RPS) and tradable green certificate (TGC) systems are
mandatory institutional change that promote the renewable energy development and …

We argue that media-conveyed economic narratives are crucial for understanding
contemporary fertility dynamics, net of objective economic constraints. Individuals use these …

People face ambiguity in many domains. How likely is it that the return on a portfolio of
stocks is larger than some threshold for a certain horizon? What are the odds that an offered …

Were government bond risk premia affected by the media in addition to the effects of major
events? Revisiting the European debt crisis, we analyze the role of television news in the …

Between 2004 and 2016, we elicited individuals' subjective expectations of stock market
returns in a Dutch internet panel at bi-annual intervals. In this paper, we develop a panel …

We test whether forecast bias affects household stock trading by combining measures of
bias elicited in laboratory experiments with administrative trade-level data. On average …

We survey retail investors at an online bank to study how beliefs about the autocorrelation of
aggregate stock returns shape investment decisions measured in administrative account …

In three large online experiments, we study how investors assess the relationship between
their portfolio and the stock market. Participants either select a portfolio of stocks or are …

Recent evidence suggests that lifetime experiences play an important role in determining
households' investment choices. I incorporate these findings and the fact that household …