Qu, Yiwei. “Minimum-effort game under stochastic monitoring.” Journal of Behavioral and Experimental Economics, 122 (2026): 102545. [working paper]
Qu, Yiwei, and Ying Zhang. “The change of demand structure in the process of economic development: Cross-economy comparative analysis in the middle-income stage.” Economic Review, 05 (2018): 160-170. (in Chinese)
“Emotions and market activity: Causes or consequences?” w. Daniel Gotsman and Charles Noussair, revise & resubmit at the Economic Journal [working paper]
Abstract: Many observers have asserted that there is a correlation between emotions and asset market behavior, with Joviality associated with high prices and Fear with low prices. In this paper, we conduct a laboratory experiment to examine the direction of causality in this relationship. The results show that incidental emotions, induced by videos shown in virtual reality, do not influence market prices. However, there is a strong relationship between market activity and subsequent emotional states, suggesting that the correlation between emotions and market activity is driven by the influence of market activity on emotions, not the other way around.