Investor Experiences and Financial Market Dynamics
---- Acknowledgments ----
We thank Marianne Andries, Nick Barberis, Dirk Bergemann, Julien Cujean, Xavier Gabaix, Lawrence Jin, and workshop participants at LBS, LSE, NYU, Pompeu Fabra, Stanford, UC Berkeley, as well as the ASSA, NBER EFG Behavioral Macro, NBER Behavioral Finance, SITE (Psychology and Economics segment), SFB TR 15 (Tutzing, Germany) conferences for helpful comments. We also thank Felix Chopra, Marius Guenzel, Canyao Liu, Leslie Shen, and Jonas Sobott for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.