I am an Assistant Professor of Finance at the Stern School of Business at New York University. I am also a Faculty Affiliate in the Department of Economics in the New York University Graduate School of Arts and Sciences.
I received my Ph.D. from MIT, specializing in Finance; M.S. in Computer Science from Stanford University; and B.A.S. in Mathematics and Economics from Stanford University.
My research interests include the valuation, both objective and subjective, of different kinds of risk. My work has won the Rick Green Prize from the Journal of Finance, the Vernon Smith Excellence Award, the Yuki Arai Best Paper Award, and the Top Finance Graduate Award.
Research
Simplicity and Risk. Journal of Finance, Volume 80, Issue 2, pp. 1029-1080. April 2025.
Journal of Finance Rick Green Prize. Inaugural Award.
Top Finance Graduate Award.
Vernon Smith Excellence Award.
Hillel Einhorn New Investigator Award, Runner-Up.
Overvaluing Simple Bets (with Aaron Goodman). Journal of Financial Economics, Volume 172. October 2025.
Top Finance Graduate Award.
Simplicity and Probability Weighting in Choice Under Risk (with Drew Fudenberg). American Economic Review: Papers & Proceedings, Volume 122, pp. 421-425. May 2022. Additional results in Evaluating and Extending Theories of Choice Under Risk, 2021.
Artificial Intelligence and Cognitive Inequality (with Laura Veldkamp). Journal of Monetary Economics, Volume 157. Jan 2026. CRN Special Issue.
[DOI]
Timing Risk and Valuation. Working Paper. November 2025.
Yuki Arai Best Paper Award.
Best Paper Award, London Business School Summer Symposium.
Best Paper Award, Napa Finance Conference.
Discussions
American Finance Association Annual Meeting. Gabaix (2025), A Theory of Complexity Aversion. Jan 2026.
[Slides]
Stern-Salomon Microstructure Meeting. Ben-Rephael, Cookson, and Izhakian (2024), Trading, Ambiguity, and Information in the Options Market. May 2024.
[Slides]
NBER Summer Institute: Behavioral Macroeconomics. Gabaix and Graeber (2023), The Complexity of Economic Decisions. July 2023.
NBER Summer Institute: Household Finance. Schlafmann, Setty, Vestman (2023), Designing Pension Plans According to Consumption-Saving Theory. July 2023.
[Slides]
SFS Cavalcade: Bubbles and Expectations. Bhamra, Uppal, Walden (2022), Psychological Distance and Subjective Beliefs. May 2023.