The Dynamics of Institutions Beliefs and Portfolio Choices

Abstract

I thank my parents, Lúcia and Carlos Eduardo, and my sister, Helena, for the support and companionship. You are my daily source of joy. I thank all my family and friends, for walking by my side and caring for me. I thank my colleagues in PUC-Rio for their support and our experience of collective learning.I am grateful to my advisor, Professor Carlos Viana de Carvalho, without whom this could not have been done. I am also thankful to Professors Leonardo Rezende and Rogério Werneck for their teachings, which made me into a better economist. I thank Professor Nathalie Gimenes both for both her teachings and being a role model in the past two years and a half.Finally, I thank all the people who paid for my studies. I hope to be able to pay back at least a little of it. This study was partly financed by FAPERJ and by the Coordenação de Aperfeiçoamento Pessoal de Nível Superior -Brasil (CAPES) -Código de Financiamento 001.