Annual Conference

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Behavioural, Experimental Economics and Finance

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May 2026

Writing Quality and Soft Information in the GenAI Age: Evidence from Online Credit Markets

Lin William CONG, Yanhong GUO, Xin ZHAO, Wenjun ZHOU
We document systematically how various dimensions of writing quality matter for different borrower groups on a dominant online credit platform, and would be reshaped by the use of large language models (LLMs). Using human assessments, we find that LLMs (e.g., ChatGPT) significantly enhance the writi...
Keywords: Generative AI, Heckman Correction, Lending, LLMs, Misallocation, Multimodal
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Annual Conference

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Behavioural, Experimental Economics and Finance

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May 2026

Forecasting in a Polarized World: The Role of Political Disagreement in Analyst Forecasts and Information Production

Ran DUCHIN, Dongryeol LEE
This paper provides novel causal evidence that political polarization affects the production of financial information by analysts. Analysts politically misaligned with firm CEOs issue systematically more pessimistic and less accurate earnings forecasts. The identification strategy compares forecasts...
Keywords: Political polarization, analyst forecasts, Earnings forecasts, Financial intermediaries, Real effects
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Annual Conference

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Behavioural, Experimental Economics and Finance

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May 2026

Political Identity and Conjunction Fallacy: Experimental Evidence from the 2024 U.S. Presidential Election

Bin MIAO, Shuangyu YANG, Ziyu ZHANG, Songfa ZHONG
In the context of the 2024 U.S. presidential election, experimental participants evaluate lotteries based on electoral outcomes (Trump or Harris winning), economic outcomes (improvement or decline), and the conjunctions of these outcomes. We document a conjunction fallacy in choices: participants va...
Keywords: uncertainty, conjunction fallacy, source dependence, state dependence, political identity, heuristics, experiment
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Annual Conference

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Behavioural, Experimental Economics and Finance

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May 2026

Political Persuasion in the Information Age: Results from a Field Experiment

Raymond FISMAN, Yiying LI, Meng MIAO
We study the effectiveness of online persuasion via a lab-in-the-field experiment that exposes respondents to short videos on the proposed Public Security Law in China. Exposure to “nationalist” videos supporting the law reduced willingness to provide oppositional feedback to the government by 4...
Keywords: Social media, Political Dissent, Online Experiment, China
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Annual Conference

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Tech, Digital Markets and AI

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May 2026

Home is Where Your FinTech Loan is

Tamanna Singh DUBEY
I study the spillover effect of unsecured FinTech lending on mortgage markets. Using quasi-exogenous variation in LendingClub loan activity due to its partnership with the BancAlliance consortium of community banks in February 2015, I present causal evidence that increase in unsecured personal loans...
Keywords: FinTech lending, Mortgage lending, Information frictions
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