Liyan Yang is a Professor of Finance and Peter L. Mitchelson/SIT Investment Associates Foundation Chair in Investment Strategy at the Rotman School of Management, University of Toronto (with a cross-appointment in the Department of Economics). In 2010, Professor Yang received his Ph.D. in economics at Cornell University. His research interests mainly focus on financial markets, asset pricing, and behavioral finance. He is currently serving as a co-editor at Journal of Financial Markets, as well as an associate editor at Journal of Finance, Journal of Economic Theory, Management Science, and Journal of Economic Dynamics and Control. He is a fellow of the Accounting and Economics Society, a fellow of Cornell FinTech Initiative, and a fellow of Luohan Academy. Professor Yang’s research has been published in Journal of Economic Theory, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, etc. He has received the 2016 JFQA William F. Sharpe Award for Scholarship in Financial Research, the 2016 Bank of Canada’s Governor’s Award, and the 2015 Roger Martin Award for Excellence in Research, among others.