新加坡國立大學周恕弘教授講座暨第145期“華南經濟論壇”通知
題目:Familiarity breeds investment if you have the right gene: A gene-brain-behavior study of familiarity bias in financial decision making
主講人:周恕弘教授 新加坡國立大學
時間:9月24日(周四)下午15:00
地點:學院3樓會議室
歡迎廣大師生積極參與!
【主講人簡介】周恕弘(Chew Soo Hong),新加坡國立大學講席教授,國際經濟計量學會的院士/會士(Fellow)。周恕弘教授是世界著名的決策理論和實驗經濟學家,曾執教于美國亞利桑那大學、約翰霍普金斯大學,加州大學爾灣分校,香港科技大學(擔任講座教授)。在Econometrica,Journal of Economic Theory等世界頂級學術期刊上發表大量論文。2011年他當選為國際經濟計量學會(Econometric Society)的會士(Fellow),是這一世界上最著名的經濟學協會自1933年創建以來的第11位華人會士。
講座內容摘要:
In his 1921 Treatise on Probability, John Maynard Keynes offered a striking hypothesis about decision making under uncertainty: "... if two probabilities are equal in degree, ought we, in choosing our course of action, to prefer that one which is based on a greater body of knowledge?" This hypothesis has led to two significant strands of thinking in the literature on decision making under uncertainty - ambiguity aversion, discussed in Daniel Ellsberg's seminal paper in 1961, and a preference for betting on the more familiar, articulated in several papers by Amos Tversky and his coauthors in the 90's. The latter papers further suggest that familiarity bias may underpin the equity home bias puzzle, first documented by Feldsteina and Horioka (1980) and French and Poterba (1991) and corroborated in the works of Huberman (2001) and Coval and Moskowitz (2002) providing evidence of a domestic home market bias. This talk will discuss findings from several experimental studies related to familiarity bias including one using molecular genetics and neuroimaging to establish a gene-brain-behavior link for a decision making disposition which may influence behavior at the level of the market.