講座題目：Pessimism, Likelihood Insensitivity, and Economic Activity

時(shí)間：2021年3月25日（周四）17:00 – 18:00（線上）

主講人: Raymond So 倫敦國(guó)王學(xué)院商學(xué)院會(huì)計(jì)與金融管理副教授，博士生導(dǎo)師。

主講人簡(jiǎn)介：Raymond So 倫敦國(guó)王學(xué)院商學(xué)院會(huì)計(jì)與金融管理副教授，博士生導(dǎo)師。Raymond持有倫敦國(guó)王學(xué)院金融學(xué)博士學(xué)位及Cranfield University 金融與管理碩士學(xué)位。主要研究領(lǐng)域?yàn)閷?shí)證金融，期權(quán)定價(jià)及波動(dòng)率模型。在Journal of Corporate Finance, European Journal of Operational Research, Finance Review and the Annals of Operations Research 等國(guó)際期刊發(fā)表多篇學(xué)術(shù)論文。

講座內(nèi)容簡(jiǎn)介：Extending the source method of uncertainty information elicitation to the financial markets, we construct measures of pessimism and likelihood insensitivity from options pricing data and study their effects on economic activity. Results from structural vector autoregressions (SVARs) confirm the negative impact of pessimism and likelihood insensitivity on economic activity. Covering the case of G7 countries, this adverse effect is more pronounced with one standard deviation of shock in pessimism depressing production, trade and employment by up to 7%, 11% and 6%, respectively.

會(huì)議方式：騰訊會(huì)議

會(huì)議號(hào)： 581 773 921