Fantine Xiao
Profile photo of Fantine Xiao

Fantine Xiao

PhD Candidate | Behavioral and Experimental Economics

About Me

Hi! I am a third-year PhD candidate at the Erasmus School of Economics, Erasmus University Rotterdam. My supervisors are Chen Li and Anne Boring.

I will be on the 2026-2027 academic job market.

My research focuses on emotions and ambiguity in social interactions. I study how individuals behave when they express or perceive emotions in communication, and whether their decisions can be explained by ambiguity attitudes and a-neutral beliefs (beliefs that are not biased by ambiguity attitudes).

To study these questions, I primarily design online experiments that use emotional communication as treatment variants.

I am also interested in topics related to gender, including gender stereotypes, fertility decisions, and childcare.

To get in touch, please email me at: xiao@ese.eur.nl.

You can find my CV here: CV (PDF).

Work in Progress

Telling You How I Would Feel: Emotional Communication and Uncertainty in Trust

Job Market Paper

Abstract

Trust requires engaging with uncertainty about others’ reciprocity. Emotional communication may shape how people perceive and evaluate this uncertainty, yet many social environments constrain emotional expression. This paper examines whether communicating anticipated feelings affects willingness to trust. It considers three channels using the incentivized belief hedge method: belief, ambiguity aversion, and ambiguity-generated insensitivity. In a preregistered modified trust game, 350 U.S.-based Prolific participants are randomly assigned to one of four conditions: no message, happy message, disappointed message, or a choice between the two. Overall, emotional communication modestly increases expected returns but does not significantly affect trust or actual returns. Its effects on attitudes vary by emotion: happiness message increases ambiguity seeking, while disappointment message reduces a-insensitivity. These findings show that structured anticipated-emotion messages reshape how people perceive and evaluate uncertainty surrounding trust.

Anger as a Signal: Decomposing the Affective, Inferential, and Ambiguity Channels in Negotiation

with David Gonzalez-Jimenez and Chen Li

Abstract

Emotional expressions in negotiation, such as anger expressions, can influence strategic behavior, but the underlying mechanisms remain unclear. This paper develops a structural behavioral framework and uses an online experiment (N = 800) with a 2 × 2 between-subjects design varying the counterpart's anger expression and gender. We find that anger expressions have no significant overall effect on final offers because they reduce altruism while increasing beliefs about the counterpart's reservation price, with these two channels largely offsetting each other. Anger expressions also reduce perceived social ambiguity, especially when expressed by male counterparts, suggesting that male anger expressions are perceived as more diagnostic signals in negotiation.

The Necessity of Reconciling Choice Inconsistencies and the Dangers of Doing It Mechanistically

with Chen Li, Julia Rose and Peter P. Wakker

Teaching

Erasmus School of Economics, Erasmus University Rotterdam

2025/2026 Behavioral Economics (Bachelor, Year 3)

Lecture on decision-making under risk and uncertainty

2024/2025 Behavioral Economics (Bachelor, Year 3)

Lecture on gender in behavioral economics

2023/2024 Experimental Economics (Master's)

Lecture on field experiments

2023-2026 Bachelor's Thesis Supervision in Behavioral Economics

2023-2026 Master's Thesis Supervision in Behavioral Economics

Erasmus University College

2025/2026 Behavioral Economics (Bachelor, Year 3)

Lecture on time preferences