This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

We review the recent literature on rational inattention, identify the main theoretical
mechanisms, and explain how it helps us understand a variety of phenomena across fields …

We examine a crowdfunding platform that connects artists with funders. Although the Internet
reduces many distance‐related frictions, local and distant funders exhibit different funding …

Purpose–The purpose of this paper is to systematically review the literature published in
past 33 years on behavioural biases in investment decision-making. The paper highlights …

Apparently mistaken decisions are ubiquitous. To what extent does this reflect irrationality,
as opposed to a rational trade-off between the costs of information acquisition and the …

Using a panel of 45 major economies, we investigate the effects of geopolitical risk on the
dynamics of international capital flows. At aggregate level, capital flows for both advanced …

This lecture considers the case for consumer financial regulation in an environment where
many households lack the knowledge to manage their financial affairs effectively. The …

Household finance—the normative and positive study of how households use financial
markets to achieve their objectives—has gained a lot of attention over the past decade and …

From the field's leading authority, the most authoritative and comprehensive advanced-level
textbook on asset pricing In Financial Decisions and Markets, John Campbell, one of the …

We investigate, in a theoretical framework, the joint role played by investors' attention to
news and learning uncertainty in determining asset prices. The model provides two main …