Ann is a first year MPhil student in the School of Economics at UEA. Her research interest is volatility modelling and asset pricing in financial markets. She is particularly interested in testing financial regularities like excess volatility, abnormal returns and pricing bubbles under the assumption of “imperfect market” and “irrational agents”. She is also interested in other areas in behavioral financial. She is currently examining how short sale constraints and heterogeneous agents’ beliefs affect conditional and unconditional distribution of returns and how the third moment of returns, a potential risk factor, is going to affect asset prices.