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Journal Articles
Review of Behavioral Economics (2025) 12 (2): 173–190.
Published: 24 March 2025
... 2025 S. Adra Licensed re-use rights only Financial markets behavioral finance noise trading Free Energy Principle beliefs Markov Blankets D91 G41 The neoclassical view of finance posits that individuals interacting with financial markets have neatly specified utility...
Journal Articles
Review of Behavioral Economics (2025) 12 (1): 69–96.
Published: 23 January 2025
...Arnaud Wolff Recent work in behavioral economics has suggested that individuals derive utility from the beliefs that they hold. The objective of this paper is to reevaluate the idea that (i) individuals care about their self-image and (ii) individuals self-signal. I first argue that the desired...

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