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Aleksei Chernulich (May - Aug 2022)

Postdoctoral Associate, New York University, Abu Dhabi

My research

My research interests lie at the intersection of economics and finance disciplines and are focused on expectation formation and belief updating. I investigate the role of non-rational expectations in deviations of prices from fundamental values, known as bubbles and crashes. I run laboratory experiments to replicate asset markets and get insights on the origins of the price instability.

IAS fellowship

During the fellowship I plan to study a computational agent-based model of price dynamics in markets where traders with different investment horizons coexist. The model would allow to better understand the complex behavior of financial markets. Understanding the origins of price fluctuations is important for developing appropriate policy interventions stabilizing market prices. In addition, I would like to test the predictions of that model in a laboratory experiment with human subjects.