|
主讲人：
|
Jason Shachat |
|
主讲人简介：
|
Jason Shachat is a Professor of Experimental Economics within the Department of Economics of the Durham University Business School. He received a B.S. in Mathematical Economics from Tulane University (1988) and a Ph.D. in Economics from the University of Arizona (1997). He has previsouly held full time academic appointsments at University of California – San Diego, National University of Singapore, Xiamen University, and was a research scientist at the IBM TJ Watson Research Lab.
His research largely is in the areas of experimental economics, behavioural game theory, behavioural operations management, asset markets, and auctions. Leading international academic journals such as Management Science, Marketing Science, Economic Journal, and Journal of Economic Theory have published his papers. He successfully garnered competitive grants funding from the ESRC in the UK, the NSF in the US and the MOE of China. My teaching expertise covers Microeconomics, Econometrics, Behavioural Economics and Experimental Economics at the undergraduate and post graduate levels. His service record includes key research and academic leadership roles. |
|
主持人：
|
Zhi Li |
|
简介：
|
We investigate the causal effects of passive investing on informational efficiency and market quality metrics by developing a novel laboratory experiment that introduces Index trackers with exogenous passive investment flows. We find that, while improving liquidity, Index tracking hurts informational efficiency, confirming our main hypothesis. Furthermore, we observe violations of the law of one price, leading to widespread and persistent arbitrage opportunities. Additionally, our research uncovers that Active traders, particularly those with private information about asset values and high cognitive ability, reap benefits from the introduction of Index tracking. |
|
时间：
|
2024-09-19 (Thursday) 16:40-18:00 |
|
地点：
|
Room N302, Economics Building |
|
期数：
|
高级经济学系列讲座2024年秋季学期第二讲（总480讲） |
|
主办单位：
|
厦门大学经济学院、王亚南经济研究院、邹至庄经济研究院 |
|
承办单位：
|
|
|
类型：
|
系列讲座 |
|
联系人信息：
|
许老师，电话：2182991，邮箱：ysxu@xmu.edu.cn |
|
语言：
|
English |
