Xiaolan Yang is an Associate Professor at the College of Economics, Zhejiang University, and a research fellow at the Academy of Financial Research Zhejiang University. She received her doctoral degree at Zhejiang University in 2005. Previously she was a visiting scholar for Department of Economics at Technology University Clausthal in 2008, for ICES at George Mason University in 2009 and for Center for Behavioral Economics at National University of Singapore from 2013 to 2014.