The thesis consists of two essays on behavioral finance. The first essay is titled, "Attention and Trading." This study empirically explores the effects of attention levels on investors' trading behavior and on market price dynamics. Specifically, we analyze the ability of market-wide...

My dissertation aims at understanding the economic force behind the success of long-run consumption-based asset pricing models, it consists of three chapters. It also provides us a new approach to test consumption-based asset pricing models. Chapter one provides a brief summary of the...