Stephen Satchell

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Working paper

3 Jun 2016

A study of market bubbles is generally considered a test of market eciency (or ineciency) since bubbles are concerned with rising prices that are detached from their fundamental values. Verifying the existence of such an ineciency requires us to be able to appropriately formulate fundamental...


15 Mar 2013

Focuses on choices of life annuities by separating consumers’ preferences from their use of default options and the 1/n heuristic in an online allocation task experiment.

Abstract Choices of retirement income stream products pose the usual challenges associated with credence goods. Moreover, high...

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