I am a PhD candidate in the Department of Economics at USI. I received my bachelor's degrees in financial engineering from 武漢大學 (WHU) in 2014, a master's degree in economics from 香港科大商學院 (HKUST Business School) in 2019, and another master's degree in economics and finance from Barcelona School of Economics (UPF) in 2020 with a full tuition waiver. I am currently a visiting scholar in the Finance Department at the Wharton School (UPenn).

My research lies at the intersection of household finance and behavioral finance, where I examine how consumption, investment, labor supply, and other household decisions deviate from traditional rational models.

Currently, I am working on projects exploring the asymmetric effects of labor income risk on asset allocation and the experience-driven disposition effect.

Here is my CV (2025-Feb)

Primary fields of interests

  • Risk and Uncertainty
  • Household Finance
  • Behavioral Economics and Finance
  • Investment Management

Public goods

  • List of Suitable Conferences for PhD Student Submissions

News

Video et Taceo

Me

Working Paper


Asymmetric Labor Income Risk: Implications for Risk-Taking in Financial Markets [LINK]
[Slides] (available soon)
Show Abstract
Presented at: USI IdEP Brown Bag (USI, 2023, 2024), 2nd Workshop on Applied Macroeconomics and Monetary Policy (University of St. Gallen, 2024), Frankfurt Summer School 2024 (The Deutsche Bundesbank, 2024), Macro Finance Research Program (MFR) 2024 Summer Session for Young Scholars (University of Chicago, 2024), Gerzensee Alumni Conference (Study Center Gerzensee, 2024), RES PhD Conference 2024 (University of Portsmouth, 2024)
Navigating Through Fear and Greed: The Experience-Driven Disposition Effect
with Rong Liu (TJU), Yongjie Zhang (TJU), Jessica Wachter (Wharton) and Michael Kahana (UPenn)
[Slides] (available soon)
Show Abstract
Presented at: USI IdEP Brown Bag (USI, 2024), Memory, Beliefs, and Choice (University of Pennsylvania, 2025)

Consumption under Constraints: Uncovering Inequality in Discretionary Spending
Presented at: USI IdEP Brown Bag (USI, 2022)
Tax-Induced Labor Supply Distortions and Household Welfare: Evidence from Japan
慶應義塾大学パネルデータ設計・解析センター(PDRC)プロジェクトID:7545
Panel Data Research Center (PDRC) at Keio University Project ID: 7545
Presented at:

Work in Progress


Behind the Housing Market Boom: Sticky Listing Price and its Bargaining Power
Presented at: USI IdEP Brown Bag (USI, 2024)

Coding & Resources

Python

Here is a highly recommended course to learn Python coding for economics:

Matlab

  • Structural Estimation: Placeholder

A very good introductory lecture on structural estimation is available on YouTube, offered by Prof. Michael Keane.

R

  • Structural Estimation: Placeholder
Undergraduate

Essentials of Corporate Finance


Postgraduate

Empirical Methods in (Household) Finance

  • C0: TBC

Topics in Behavioral Finance

  • TBC

Structural Estimation

  • C0: This section introduces the simplest structural estimation framework from Blundell, Pistaferri, and Preston (2008), demonstrating how to apply the Generalized Method of Moments (GMM) to estimate parameters in a log-linear consumption model.
  • C1: TBC

Investment Journey

This page documents my investment journey beginning in 2025. I will track and report the realized returns for each investment.

Portfolio as of April 16, 2025

On February 5, 2025, I purchased the following stocks in response to the AI boom in China:

  • Alibaba – 28.1% allocation at HKD 97.00 per share; realized on February 13, 2025 at HKD 115.40.
  • HSBC – 46.4% allocation at HKD 80.15 per share; realized on March 11, 2025 at HKD 85.00.
  • Xiaomi (W) – 25.5% allocation at HKD 39.15 per share; realized on February 13, 2025 at HKD 41.80.