| 主讲人简介： | 鲁小萌的主要研究领域是行为经济学、实证资产定价等。她近期的研究内容包括中国金融市场、金融科技、家庭金融、投资者行为等问题。她曾在Journal of Monetary Economics, Management Science, Journal of Housing Economics等国际期刊上公开发表 FinTech Platforms and Mutual Fund Distribution, Disagreement Beta, Tail Risk Concerns Everywhere, The Determinants of Homebuilder Stock Price Exposure to Lumber: Production Cost versus Housing Demand 等文章。她曾任上海交通大学上海高级金融学院助理教授，并曾获得复旦大学泛海国际金融学院“最佳教学奖”、上海交通大学上海高级金融学院“SAIF 教学优异奖”、康奈尔大学“The Howard and Abby Milstein Graduate Teaching Assistantship Award”等荣誉。鲁小萌教授于2015年获得了康奈尔大学经济学博士学位，2008年获得了纽约州立大学石溪分校经济学硕士学位，2006年获得了北京大学经济学与统计学双学士学位。 |
| 简介： | We study household finance in the age of FinTech, where consumption, payments, and investments take place via all-in-one super-apps. We hypothesize that FinTech adoption can improve household risk-taking by breaking down the traditional physical and psychological barriers and enhance financial inclusion. Taking advantage of an individual-level FinTech dataset, we find that higher FinTech adoption, both at the individual-level and the county-level instrumented by distance-from-Hangzhou, results in higher participation and more risk-taking in mutual-fund investments. Moreover, individuals who are otherwise more constrained, those with higher risk tolerance or living in under-banked counties, stand to benefit more from the advent of FinTech. |