讲座题目：Disconnecting Financial Markets: Experimental Evidence
主 讲 人：美国乔治梅森大学 Daniel Houser 教授
讲座时间：2023年12月4日（周一）19:30
讲座平台：Zoom 954 0660 7214（密码 645858）
主 办 方 ：迈博体育myballapp手机版人事处
承 办 方 ：迈博体育myballapp手机版迈博体育Myball中国官方网站金融创新研究中心
主 持 人 ：迈博体育myballapp手机版 危平 教授
摘 要：Assets clear independently in disconnected markets, or jointly in a connected market, depending on the market restrictions. Theory predicts that when assets in disconnected financial markets are substitutes, disconnected markets should outperform connected markets by encouraging risk sharing and diversification. We report data from an asset market experiment designed to test this prediction. Consistent with theory, we find greater efficiency in disconnected as compared to connected markets when financial assets are substitutes. We also find that this efficiency gain is smaller when the market is more competitive in the sense that it includes more traders. Our results provide further insights into the efficiency values of decentralized markets.
主讲人简介:
Daniel Houser教授，美国乔治梅森大学经济系系主任，乔治·梅森大学经济科学跨学科研究中心主任。与实验经济学鼻祖、2002年经济学诺贝尔奖得主Vernon Smith合作紧密。主要研究领域有：实验经济学、行为经济学、神经经济学。担任Management Science、Experimental Economics、Journal of Economic Behavior and Organization、Journal of Neuroscience, Psychology and Economics、Frontiers in Neuroscience等学术期刊的主编、副主编或编委，以及Science, Nature, PNAS, National Science Foundation等二十多个杂志和基金项目的审稿人。获得过多项国家科学基金的资助。在 PNAS、American Economic Review、Econometrica、Journal of Finance、Leadership Quarterly、Experimental Economics等期刊上发表多篇论文。
