[组织经济学Seminar]Emotion, culture and financial decision makings
发文时间:2015-05-25
中国人民大学企业与组织研究中心 组织经济学Seminar 总第57期 【OE201504】

组织经济学(Organizational Economics)Seminar由中国人民大学企业与组织研究中心(CFOS)主办。CFOS的宗旨是,利用现代经济学方法研究中国的企业、政府、市场和非营利组织的重大问题,推动企业理论、契约理论和制度经济学的研究与教学。关注CFOS,请访问http://CFOS.ruc.edu.cn。
时间:2015年5月27日(周三)12:00-13:30
地点:明主734
主讲:武海丽
主持人:杨其静教授
主题:Emotion, culture and financial decision makings
摘要:Traditional economic thinking does not do justice to the importance of Emotion in economic activities. Behavioural economists have gone as far as to modify one or two assumptions which are neither central, nor are changes enough to bring in a fresh thinking to tackle the new changes in the real world.
The new discipline of Emotional Finance formally recognises that emotion is central to all thinking and experience and is particularly important for reliable and accurate decision making. Investors tend to use stories to frame their decisions. The ups and downs of the market are more to do with the ups and downs of the stories people are telling about what’s happening in the market. Stories can change more quickly than fundamentals and is always uncertain. As a result, the volatility that we witness is not due to error or human “irrationality” as suggested by behavioural economists, but rather due to the fragile nature of the task of developing conviction to act in a situation of profound uncertainty.
My particular research focus is about culture influence on fund managers’ decision makings. So far I have interviewed 42 fund managers in the UK, the US and China between 2014 and 2015. My initial findings are related to differences in terms of fundamental analysis, management evaluation and the extent of herding behaviors between western and Chinese fund managers. 


演讲者简介:武海丽,英国剑桥大学荣誉经济学学士、硕士,英国伦敦大学法学硕士,英国伦敦大学学院(UCL)心理学系情绪金融学理论研究中心在职博士。她目前的研究课题是比较文化心理对东西方机构投资经理投资决策的影响。该课题采用了情绪金融学的研究方法,通过访谈对话的方式,来发现和总结投资决策的心理过程。她在金融实业方面也有很丰富的经验,通过CFA考试,2012年取得国际注册金融分析师牌照,有着7年在英国伦敦金融城的工作经验。先后任职于:美国北美信托银行、英国阿比特对冲基金首席经济分析师和中国农业银行英国子公司风险管理部。


365体育官方唯一入口 人大企业与组织研究中心 2015年5月25日
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