Assistant Professor of Economics
China Center for Behavioral Economics and Finance, Southwestern University of Finance and Economics
PhD in Economics
School of Economics and Management, Tsinghua University
BS in Economics and Math
Guanghua School of Management (Yuanpei Project) and School of Mathematical Sciences, Peking University
Income shocks increase religious giving because donors use charity as a form of spiritual insurance; the paper combines bank transaction data with a large field experiment.
Journal of Financial and Quantitative Analysis (accepted)
With imperfectly observed ability, Immediate Acceptance can outperform Deferred Acceptance and, under a transparent indifference condition, can even implement the welfare-maximizing allocation.
Studies how IPO regulation can unintentionally facilitate collusion by enabling self-organized investor cartels in primary markets.
Examines how opinion leaders transmit both information and emotion in online investor communities, shaping attention and trading behavior.
Introduces a college-admissions mechanism with flexible seat allocation that is stable, strategy-proof, and welfare-improving relative to standard deferred acceptance.
Investors with paper losses may donate more rather than less, consistent with spiritual insurance rather than a standard wealth effect of financial markets.
A game-theoretic analysis of subject-choice incentives under China's gaokao reform and the role of subject guarantees in restoring balance.
经济学（季刊）刊首文章，年度最佳论文 (China Economic Quarterly, Lead Article; Annual Best Paper Award)