时间:2015年6月2日(周二)下午13:30
地点:史带楼205室
主持人: 原红旗 教授
演讲嘉宾:Charles Y HSU (The Hong Kong University of Science and Technology)
Title:The Bright Side of Managerial Over-optimism
Abstract:Human inference and estimation is subject to systematic biases. In particular, there is a long literature showing that overconfidence can lead to sub-optimal decisions. We depart from this research by showing empirically that a) over-optimism is a related but different bias, b) importantly, it can improve firm’s welfare, and more specifically, firms’ profitability and market value, and c) it can emerge dynamically in a rational economic framework.
会计学系
2015-5-27
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