Institute of Economic Research
Topic
Essays on attention and price behaviour of financial assets.
PhD. program
Year of admission
2025
Name of the supervisor
prof. Ing. Štefan Lyócsa, PhD.
Contact:
Receiving school
Fakulta matematiky, fyziky a informatiky UK
Annotation
For new information to be priced into financial asset prices, investors need to pay attention to that information. However, in an information rich world, attention is a limited cognitive resource, that influences investor’s behavior. The goal of the thesis is to write essays that will theoretically and empirically explain how limited investor’s attention might influence the behavior of asset prices. Within existing models, the dissertation should focus especially (but not limited to) on the role of distraction and the formation of attention-grabbing information.