Looking forward to seeing these and many other conversations highlighted in the inaugural issue of Journal of Finance: Insights and Perspectives
Looking forward to seeing these and many other conversations highlighted in the inaugural issue of Journal of Finance: Insights and Perspectives
On AI more broadly, expectations seem remarkably dispersed. One view I found especially helpful (hat off to Dacheng Xiu): GenAI as a prior(!) for human reasoning. This is arguably the first time in history that evidence-based priors are broadly available.
I was particularly struck by papers that use AI tools to examine high-dimensional behavioral primitives (shout out to Suproteem Sarkar), methods that genuinely expand what we can learn not just how fast we can learn it.
Leaving the #ASSA2026 meeting with a strong sense of where finance scholarship is heading - more data (more granular, broader international coverage), more experimentation, more serious engagement with AI and a great new outlet for publications.
Excited for the ASSA Meeting! If you are in Philly, swing by the experimental finance session tomorrow at 10:15 at the headquarters, room 410
π¨Predoc Position in Economics at the University of Bonn
Are you interested in joining my research team as a full-time predoc? In my research, I aim to identify policies that advance gender equality, improve children's outcomes, or promote climate action.
sites.google.com/site/bonevat...
Moral concerns about layoffs and increasing CEO pay dominate shareholder preferences (across the political spectrum). Great article about a new paper by Elisabeth Kempf, Oliver Spalt and myself:
www.promarket.org/2025/02/18/c...
Interesting call for grant proposals (5k Euro) for young researchers in the field of behavioral finance (deadline end of Feb):
www.behavioral-finance.de/grant/propos...
As a journal editor for a few decades I find it pleasing to watch scholars mature. They eventually realize that journal refeering is not about how many papers they can knock down but how many they can lift up.
Have a paper on investor behavior? Submit to the Helsinki Finance Summit on August 18-19th. Submission deadline is March 9th.
#EconSky
www.aalto.fi/en/departmen...
Excited about Ulrike Malmendierβs lecture on the moral toll of layoffs. Everyone is welcome to tune it at 5pm CET on January 27th.
Are corporate actions evaluated by investors and stakeholders as financial or moral issues? Which textbook corporate actions are the biggest moral issue and why? Our results will be presented later today, come by to discuss. #ASSAMeeting #ASSA2025
Kicking off ASSA with an inspiring session on the methodology of measuring beliefs. Showcased behavioral weaknesses of scoring rules: 70%(!) violate its reduction assumption. Showed that people exert way more effort when being TOLD what to do, no incentives at all.
www.aeaweb.org/conference/2...
Excited to arrive in San Francisco for the #ASSA2025 #ASSAMeeting
New year, new resolutions. If your resolutions this year address your risk-taking behavior (financial investments or otherwise), make sure they are βset in stoneβ.
Our newest AER paper on how and why are weak resolutions about risk-taking harmful for your utility: www.aeaweb.org/articles?id=...
I disagree here. The papers are interesting as @aleximas.bsky.social has pointed out (bsky.app/profile/alex...), but differences in elicitation producing preference reversals predates Prospect Theory. If you don't know Lichtenstein & Slovic (1971) and Grether and Plott (1979), read below.
Hi Lionel, thank you for creating this pack, very helpful! Could you add me, please?
Thank you for creating this list! Could you add me as well?
Super useful link to find good follows
bsky-follow-finder.theo.io
π As part of our Berlin-wide cooperation, we are looking to fill 2 multi-year postdoc positions at Humboldt U, at least one of them in behavioral economics.
Come work with us!
(Berlin ... behavioral ... it's serious but won't even feel like work...)
#EconJobmarket #EconSky
Wow! And thatβs another comparison that I will definitely highlight in my class. Everyone knows Akerlofβ¦ I mean, my sonβs pre-K teacher knows of Akerlof conceptually. But PT is exotic even on PhD level. What gives?!
Thanks for pointing it out! I am definitely including the ranking when I talk about prospect theory in my PhD class from now on.
Without looking I would have guessed Akerlof 1970 QJE and Markowitz 1952 JF