behavioural-finance

An empirical analysis of European markets. This thesis compares the perceived dependence of stock and market returns, as measured by the frequency of comovement following Ungeheuer and Weber (2020), with the traditional interpretation of market dependency measured by Sharpe’s beta (1964).

Does switching to rail actually cut down how much someone flies, or is that just a nice story correlation tells us? Built to find out properly, with propensity score matching, a validation check against a known answer, and honesty about what it still can't prove.

Reproducible pipeline measuring how investor preference for lottery-like payoffs affects capital allocation in US IPO markets, 1975 to 2024.