Professor Hanson’s research interests lie in asset pricing, behavioral finance, corporate finance, and financial intermediation. Hanson’s research has appeared in the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Economic Perspectives. His research explores how investors’ behavioral biases and institutional factors affect the pricing of broad financial asset classes, with a particular emphasis on debt markets. He also studies how changes in the behavior of financial institutions have affected the stability of the financial system in recent decades and how the government might design policies to better safeguard the system’s stability.