中國人民大學企業與組織研究中心 組織經濟學Seminar 總第57期 【OE201504】

組織經濟學（Organizational Economics）Seminar由中國人民大學企業與組織研究中心（CFOS）主辦。CFOS的宗旨是，利用現代經濟學方法研究中國的企業、政府、市場和非營利組織的重大問題，推動企業理論、契約理論和制度經濟學的研究與教學。關注CFOS，請訪問http://CFOS.ruc.edu.cn。
時間：2015年5月27日（周三）12：00－13：30
地點：明主734
主講：武海麗
主持人：楊其靜教授
主題：Emotion, culture and financial decision makings
摘要：Traditional economic thinking does not do justice to the importance of Emotion in economic activities. Behavioural economists have gone as far as to modify one or two assumptions which are neither central, nor are changes enough to bring in a fresh thinking to tackle the new changes in the real world.
The new discipline of Emotional Finance formally recognises that emotion is central to all thinking and experience and is particularly important for reliable and accurate decision making. Investors tend to use stories to frame their decisions. The ups and downs of the market are more to do with the ups and downs of the stories people are telling about what’s happening in the market. Stories can change more quickly than fundamentals and is always uncertain. As a result, the volatility that we witness is not due to error or human “irrationality” as suggested by behavioural economists, but rather due to the fragile nature of the task of developing conviction to act in a situation of profound uncertainty.
My particular research focus is about culture influence on fund managers’ decision makings. So far I have interviewed 42 fund managers in the UK, the US and China between 2014 and 2015. My initial findings are related to differences in terms of fundamental analysis, management evaluation and the extent of herding behaviors between western and Chinese fund managers. 

演講者簡介：武海麗，英國劍橋大學榮譽經濟學學士、碩士，英國倫敦大學法學碩士，英國倫敦大學學院(UCL)心理學系情緒金融學理論研究中心在職博士。她目前的研究課題是比較文化心理對東西方機構投資經理投資決策的影響。該課題采用了情緒金融學的研究方法，通過訪談對話的方式，來發現和總結投資決策的心理過程。她在金融實業方面也有很豐富的經驗，通過CFA考試，2012年取得國際注冊金融分析師牌照，有著7年在英國倫敦金融城的工作經驗。先后任職于：美國北美信托銀行、英國阿比特對沖基金首席經濟分析師和中國農業銀行英國子公司風險管理部。

中國人民大學經濟學院 人大企業與組織研究中心 2015年5月25日