Texas State University
McCoy College of Business.Research Insights

Yifan Liu

Assistant Professor of Finance, Department of Finance and Economics Faculty profile

2 items

January–March 2026

Illustration of a young trader staring at a laptop showing a volatile options chart, with lottery-style call and put tickets, dice, and a calendar marked with expiration dates on the desk.
Finance3 min read

Where People Gamble, They Also Bet on Stock Options

Retail interest in stock options runs higher in states with a strong gambling culture, and it tilts toward long-shot contracts. The same states show more short-term borrowing and more missed payments.

Matthew James Flynn, Yifan Liu, Ivilina T. Popova

One research-backed idea, every Thursday

Short summaries of new faculty work, with what it means for managers.