Cameron Peng
Assistant Professor, Department of Finance, LSE.
Research Affiliate, CEPR.
Research Interests: Asset Pricing, Behavioral Economics, Behavioral Finance, Household Finance.
Click here for a recent CV.
We are organizing meetings for London-based students and faculty members to regularly meet up and discuss research on behavioral economics and finance. Check here for more information.
Working Papers
"The Law of Small Numbers in Financial Markets: Theory and Evidence," with Lawrence Jin.
"Investor Memory and Biased Beliefs: Evidence from the Field," with Zhengyang Jiang, Hongqi Liu, and Hongjun Yan.
Revise and Resubmit, Quarterly Journal of Economics.
CFRC Behavioral Finance Best Paper Award, 2023.
"Reaching for Yield: Evidence from Households," with Francisco Gomes, Oksana Smirnova, and Ning Zhu.
Revise and Resubmit, Journal of Financial Economics.
"The Inference-Forecast Gap in Belief Updating," with Tony Fan and Yucheng Liang (Experimental Instructions).
"Factor Demand and Factor Returns," with Chen Wang.
CFAM-ARX Paper Award, Finance Down Under Conference, 2022.
CQA Academic Competition Second Prize, 2022.
Publications
"Taming the Bias Zoo," with Hongqi Liu, Wei A. Xiong, and Wei Xiong (2022), Journal of Financial Economics 143, 716–741.
CFRC Best Paper Award, 2021.
Click here for an excellent article by Alex Chinco on how surveys can be used to differentiate multiple explanations targeted at the same anomaly.
"Extrapolative Bubbles and Trading Volume," with Jingchi Liao and Ning Zhu (2022), Review of Financial Studies 35, 1682–1722.
"Asset Complexity and the Return Gap," with Paul Gao, Allen Hu, Peter Kelly, and Ning Zhu (2024), Review of Finance 28, 511-550.
"Personality Differences and Investment Decision-Making," with Zhengyang Jiang and Hongjun Yan (2024), Journal of Financial Economics 153, 103776.
Summary: BC Center for Retirement Research.
Media coverage: Yahoo Finance, The Wall Street Journal, Kellogg Insight, Manager Magazin.
"The Gender Gap in Household Bargaining Power: A Revealed-Preference Approach," with Ran Gu and Weilong Zhang (2024), Forthcoming, Review of Financial Studies.