Market Liquidity and Competition among…
Do competition and incentives offered to designated market makers (DMMs) improve market liquidi…
Christine Laudenbach et al.
Gender Differences in Financial Advice
Based on data gathered from 27,000 real-world meetings between financial advisors and clients o…
Personal Financial Advice and Portfolio…
We document widespread use of personal financial advice among retail investors. Individuals see…
Inflation and Trading
We study how investors respond to inflation combining a customized survey experiment with tradi…
Educating Investors about Dividends
We educate investors about the benefits of dividend reinvestment and costs of misperceiving div…
Shallow Meritocracy
Meritocracies aspire to reward hard work and promise not to judge individuals by the circumstan…