Wenhui Li

Selected working papers

[1] As if belief: an attitude-induced belief transformation under ambiguity.

(Job market paper)

Keywords: ambiguity, ambiguity attitude, belief, as if belief, portfolio choice, mean-variance preference.

JEL code: D81, D83, D91.

[2] Belief formation and belief updating under ambiguity: evidence from experiments. (with Christian Wilde)

Keywords: ambiguity, learning strategy, belief updates, Bayesian updates, pessimism, laboratory experiments.

JEL code: D81, D83.

Presentations:

• Econometric Society Winter Meeting (Nottingham), December 2020.

[3] Separating the effects of beliefs and attitudes on pricing under ambiguity. (with Christian Wilde)

Keywords: ambiguity, belief estimation, belief effect, ambiguity premium, laboratory experiments.

JEL code: D81, D83.

Presentations:

• Econometric Society World Congress (Milan), August 2020 (video here);

• Econometric Society European Meeting (Copenhagen), Aug 2021.

[4] The effect of ambiguity on price formation and trading behavior in financial markets (with Peter Ockenfels and Christian Wilde)

Keywords: ambiguity, financial market, market price, volatility, trading activity, bid-ask spread, market-based measure of ambiguity, laboratory experiment

JEL code: D81, G10.

Presentations:

• Annual meeting of the German Finance Association (Innsbruck), Oct 2021 (poster session).

• Econometric Society Winter Meeting (Barcelona), December 2021 (forthcoming).

Teaching experience

[1] Lecturer of Econometrics, pre-semester course for PhD freshmen, Goethe University Frankfurt (Oct 2018).

[2] Tutor of economics modules (Micro-, Macroeconomics) for undergraduate students, National University of Singapore (2009-2011).