时间：2019年12月4日（周三）13:00-14:30
地点：中北校区理科大楼A306会议室
讲座主题：激励机制、模式、市场行为：一个资产市场实验的启示（Incentive schemes, framing, and market behaviour: evidence from an asset-market experiment）
主讲人：张琨 助理教授
摘要：We investigate the effects of the form and framing of incentives on price and trading behaviour in experimental asset markets. Subjects buy and sell a high-risk asset, a low-risk asset, and riskless cash over 10 rounds. We vary, between-subjects, the incentive scheme (tournament versus approximately linear), and how the variable portion of payment is framed (bonus versus penalty). Both tournament incentives and penalty framing are associated with significant increases in the price of high-risk asset, relative to either its fundamental value or to the price of the low-risk asset. Additional analysis shows significant gender differences in trading behaviour and performance, and evidence that the two are connected.
演讲人简介：张琨博士于英国阿伯丁大学获得金融学博士学位，现任河北经贸大学商学院助理教授，并且入选河北经贸大学青年英才计划。张琨博士也曾分别前往新西兰怀卡托大学和澳大利亚莫纳什大学访问。张琨博士的研究涉及面很广，实验经济学，行为金融学，公司金融等，先已有多篇论文发表在CSSCI权威期刊，并有多篇高质量论文再审。张琨博士也积极参加国内外各种经济学会议以及论坛，并获得各类优秀论文奖项。