Publications

Hedging by Giving: Spiritual Insurance and Religious Donations (Revise and Resubmit at JFQA)

We investigate “spiritual insurance”—a mental strategy for coping with risk, where individuals engage in good deeds, …
Yu-Jane Liu, Juanjuan Meng, Dalin Sheng, Guangxin Yang, Yu Zhang
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Immediate Acceptance Mechanism with Imperfectly Observed Student Ability

School choice mechanisms often aim to match higher-ability students to higher-quality school to achieve social efficiency. However, in …
Dalin Sheng, Xingye Wu, Xiaohan Zhong

When Regulation Fuels Collusion: The Emergence of Self-Organized Investor Cartels in IPO Markets (Under Review)

Xiaotuo Qiao, Dalin Sheng, Yonghao Xu

When Stars Lead: Informational and Emotional Transmission Among Online Investors (Reject and Resubmit at JFQA)

Dalin Sheng, Chenhao Wang, Yonghao Xu, Xuemeng Sun

新高考改革中的科目选考机制——一个博弈论分析 (Subject Selection Mechanism in Chinese College Entrance Exam)

新高考改革允许学生自由选择考试科目，但考生为追求高分而进行的策略性科目选择也可能导致意料之外的政策后果。本文研究了科目选考机制下的纳什均衡。研究表明，科目选考制度存在多重纳什均衡的问题，且其中一些均衡可能会导致选考不同学科的人数比例差异过大。选考科目保障机制能够有效解决 …
盛大林, 吴星晔, 钟笑寒
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Stable and Strategy-proof Matching and Value Representation of Choice Functions

We develop a college admissions mechanism in which the number of seats allocated to each major at a college can adjust in response to …
Dalin Sheng, Xingye Wu, Xiaohan Zhong

Reverse Wealth Effect of Wishful-Thinking Giving

There is substantial evidence of a positive wealth effect of stock markets on consumption, as a rise in asset prices makes people feel …
Yu-Jane Liu, Juanjuan Meng, Dalin Sheng, Yu Zhang