The first chapter of this dissertation, coauthored with Martin Eichenbaum and Riccardo Bianchi-Vimercati, addresses the question: how sensitive is the power of fiscal policy at the ZLB to the assumption of rational expectations? We do so through the lens of a standard NK model in which people...

In Chapter 1, I document a novel result regarding the uncovered interest rate parity (UIP) puzzle: investing in high interest rate currencies does not yield positive excess returns during recessions. That is, the UIP holds in bad times. This new finding is a challenge to existing rational...

This dissertation studies how a subscription service provider offers contracts to customers without full information on their preferences. The first essay studies a mechanism design problem for business interruption (BI) insurance. More specifically, we study how an insurer deals with adverse...

The dissertation consists of three chapters, each focusing on a different application of learning in financial markets. The first chapter addresses survivorship bias in the global equity markets. Survivorship bias refers to people’s tendency of focusing on successful individuals in inferring...

Over the last decade, decision neuroscientists have documented several stylized examples of neuroforecasting -- the idea that neuroimaging data collected from a small sample of subjects can be used to estimate how populations will behave. Frequently, these studies demonstrate significant neural...

In the first chapter, we reconsider the idea of trend-based predictability using methods that flexibly learn price patterns that are most predictive of future returns, rather than testing hypothesized or pre-specified patterns (e.g., momentum and reversal). Our raw predictor data are...

This dissertation consists of three essays that delve into the intersection of econometrics and macroeconomics. The essays employ econometric tools to investigate various topics related to macroeconomic forecasting and policy-making. The first essay aims to help policy-makers conduct robust...

In chapter 1, I study the experimentation dynamics of a decision maker (DM) in a two-armed bandit setup ([5]), where the agent holds ambiguous beliefs regarding the distribution of the return process of one arm and is certain about the other one. The DM entertains Multiplier preferences a la...

This dissertation explores empirical questions in corporate finance and industrial economics, particularly the mobile application (app) market. The first chapter is titled “Venture Capital Investment and the Role of Traction: Evidence from Mobile Entrepreneurship.” An ongoing debate is how...

Prior literature emphasizes that aligning with regulatory, normative, and cognitive institutional arrangements aids organizational formation, resource gathering, and performance. However, during institutional changes, the old and the new rules often coexist and interact, resulting in conflicting...