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  • Born August 1984 in Istanbul, Turkey

Research Areas

  • Household finance, behavioral finance, empirical asset pricing


Academic Appointments

  • Associate Professor of Finance, Frankfurt School of Finance & Management, 2022 - Present

  • Assistant Professor of Finance, Frankfurt School of Finance & Management, 2018 - 2022

  • Assistant Professor of Finance, Rotterdam School of Management, Erasmus University, 2014 - 2018


Other Affiliations

  • Network Associate, Centre for Economic Policy Research (CEPR), 2015 - Present

  • Research Fellow, Network for Studies on Pension, Aging and Retirement (Netspar), 2015 - Present

  • Guest Researcher, Deutsche Bundesbank, 2010 - Present

  • Associate Member, Erasmus Research Institute of Management (ERIM), 2014 - 2018

  • External Expert, Project Group on Big Data, Deutsche Bundesbank, 2015 - 2017

  • Dissertation Intern, Sveriges Riksbank, 2011



  •  Goethe University Frankfurt, 2009 - 2014

- Ph.D. in Finance and DFG Research Fellow

- Dissertation: "Essays on Individual Financial Behavior", summa cum Laude

  • Goethe University Frankfurt, 2005 - 2009

- Diploma in Business Economics

- Concentrations: Finance, Macroeconomics


  • "Do Robots Increase Wealth Dispersion?", 2022, (with Francisco Gomes and Thomas Jansson), Accepted for Publication in the Review of Financial Studies

  • "Financial Literacy Externalities" (with Michael Haliassos and Thomas Jansson), 2020, Review of Financial Studies 33, 950-989.

    • Winner of the 2021 RFS Hillcrest Prize for Best Paper in Behavioral Finance

  • "Is Proprietary Trading Detrimental to Retail Investors?" (with Falko Fecht and Andreas Hackethal), 2018, Journal of Finance 73, 1323-1361.

  • "Incompatible European Partners? Cultural Predispositions and Household Financial Behavior" (with Michael Haliassos and Thomas Jansson), 2017, Management Science 63, 3780-808.


Research Papers

  • "Do the Rich Gamble in the Stock Market? Low Risk Anomalies and Wealthy Households, 2022, (with Turan G. Bali, Doruk Gunaydin, and Thomas Jansson), revise and resubmit at the Journal of Financial Economics

  • "Shattered Housing", 2022, (with Jonas Happel, Larissa Schaefer, and Selale Tuzel), revise and resubmit at the Journal of Financial Economics

  • "Business Education and Portfolio Returns", 2022, (with Adam Altmejd and Thomas Jansson)

  • "Liquidity Support in Financial Institutions", 2021, (with Falko Fecht and Egemen Genc)

  • "Wealth Inequality: Opportunity or Unfairness?", 2022, (with Michael Haliassos and Thomas Jansson)

  • "Can Facebook Predict Stock Market Activity?", 2013

  • "Financial Advice: An Improvement for Worse?", 2013

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