Kevin Zhao

Researcher, 2021 - Present
Office of Financial Research

The Uneven Distribution of Climate Risks and Discounts (2024) with John Heilbron
Office of Financial Research Brief no. 24-01.
Who Extrapolates? Evidence from Experience Effects (2022)
Working Paper.
Within-Style Investing: Evidence from Morningstar Categories (2022)
Working Paper.
Carhart (1997) Mutual Fund Performance Persistence Disappears Out of Sample (2021) with James Choi
Critical Finance Review, 10(2), 263-270.
Prospect Theory Risk Aversion and Returns (2018)
Working Paper.