Portrait of Lukas A. Grahl

About me

I am a PhD student in Finance and Economics at the Department of Economics and Business Economics at Aarhus University. My research lies at the intersection of household finance and behavioural finance, with a focus on decision-making under ambiguity and uncertainty.

I study how investors form beliefs, process information, and adjust their portfolios. My work combines theoretical models of choice under uncertainty with detailed investor- and transaction-level data.

Research interests

More specifically, I am interested in:

  1. ambiguity and information processing in financial markets
  2. preference heterogeneity and retail trading decisions
  3. belief formation, probability weighting, and investor attention
  4. household portfolio allocation and trading behaviour

Read more about my research.

Education and experience

I am currently completing my PhD at Aarhus University. Before joining Aarhus, I completed an MSc in Economics at Université Paris 1 Panthéon-Sorbonne and earlier studies in Germany and the United Kingdom. I have previously worked as an external consultant at the OECD and as a research intern at the Deutsche Bundesbank.

In October and November this year I will be visiting Kim Peijnenburg at Tilburg University.

View my curriculum vitae.

Contact