In this paper, we characterize subjective probability beliefs leading to a higher equilibrium market price of risk. We establish that Abel's result on the impact of doubt on the risk premium is not correct in general; see Abel [2002. An exploration of the effects of pessimism and doubt on asset...

The problem of fair pricing of contingent claims is well understood in the context of an arbitrage free, complete financial market, with perfect information. But in the more realistic context of an incomplete market with imperfect information, the arbitrage approach does not enable us to aobtain...

Gender differences in math performance are now small in developed countries and they cannot explain on their own the strong under-representation of women in math-related fields. This latter result is however no longer true once gender differences in reading performance are also taken into...

Gender differences in math performance are now small in developed countries and they cannot explain on their own the strong under-representation of women in math-related fields. This latter result is however no longer true once gender differences in reading performance are also taken into...

Most teenagers spend several hours per day on social media. We provide a large-scale investigation of the relationship between social media daily usage and body dissatisfaction among a sample of more than 50,000 15 y.o. students. This relation is positive and large for girls - higher use of...