Person

Stephen Satchell

Working paper

Asset price bubbles in the Australian market

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...
Report

Default and 1/n heuristics in annuity choice

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.