北大经院工作坊第637场
Lending Competition and Funding Collaboration
（贷款竞争与融资合作）
宏观经济学工作坊
主讲人：Yunzhi Hu (北卡罗来纳大学助理教授)
主持老师：（北大国发院）李博
参与老师：
（北大国发院）赵波、余昌华、李明浩
（北大经院）陈仪、韩晗、李伦
时间：2023年5月8日（周一）10：00-11：30
地点：8797威尼斯老品牌302会议室
主讲人简介：
Yunzhi Hu 是 UNC Kenan-Flagler 商学院的金融学助理教授和博士项目协调员。他的研究兴趣是银行业、公司金融和宏观金融。2017年获得芝加哥大学金融与经济学联合博士学位。在经济学和金融领域的主要期刊上发表论文。
摘要：
We estimate significant welfare costs of the talent misallocations induced by the caste distortions. Yunzhi Hu is an Assistant Professor of Finance and the Ph.D. program coordinator at UNC Kenan-Flagler Business School. His research interests are banking, corporate finance and macro finance. He obtained joint PhD in Finance and Economics from the University of Chicago in 2017. He has published papers in leading journals in economics and finance.
北大经院工作坊第638场
Attention Theory
发展与公共财政工作坊
主讲人：周恕弘（Chew Soo Hong）（西南财经大学教授）
主持老师：（北大国发院）易君健
参与老师：
（北大经院）刘冲、吴群锋、曹光宇
（北大国发院）李力行、席天扬、徐化愚、于航、王轩
时间：2023年5月8日（周一）19：00-20：30
线下地点：8797威尼斯老品牌国发院承泽园345教室
线上形式：ZOOM会议
会议号：856 8704 9550
密码：773667
主讲人简介：
Chew Soo Hong is a Professor at the Southwestern University of Finance and Economics where he directs its China Center for Behavioral Economics and Finance. Chew is among the pioneers in axiomatic non-expected utility models and has been pursuing research in the biology of decision making. He is a fellow of the Econometric Society, which awarded him the Leonard J. Savage thesis prize, and of the Society for the Advancement of Economic Theory. Chew is Emeritus Professor at the National University of Singapore and has previously taught at HKUST, UC Irvine, Johns Hopkins, and University of Arizona. He has published in well-regarded journals in economics such as Econometrica, JPE, REStud, EJ, JEEA, and JET as well as more biology-oriented ones including Neuron, PNAS, E-BioMedicine, Neuroscience Science and Behavioral Review, Neuroimage, PLoS ONE, and PRSB.
个人主页：https://ccbef.swufe.edu.cn/info/1140/1625.htm
摘要：
We model the role of attention in decision making under risk and uncertainty from the perspective of the decision maker as a cognitive miser, and arrive at the utility of a lottery through potentially volatile attention-dependent decision weights. The resulting Attention Theory (AT) exhibits continuity inprobability weighting and can account for a range of loss-gain attitude between loss aversion and gain seeking. When top-down attention is stable and consequentialist, AT can account for Allais behavior, fourfold pattern of risk attitude, and disjunction effect. Under volatile consequentialist attention, AT encompasses multiple attention functions and can exhibit ambiguity aversion, discontinuity in valuation from event splitting, and uncertainty effects. In binary choice, when the bivariate attention function is symmetric, AT reduces to Salience Theory and overlaps with skew symmetric bilinear (SSB) correlation preference along with generalized Regret Theory. AT goes beyond SSB correlation preference under asymmetric attention which is necessary and sufficient for Allais behavior in the correlated common-consequence problem. In the presence of substantial non-consequentialist stimuli through bottom-up salience, AT delivers context dependent choice including volatility in loss-gain attitude, source preference, and default bias. Moreover, choice behavior may appear random when the attention function varies with specific stimuli or when the stimuli are themselves stochastic.
供稿：科研与博士后办公室
美编：兮哲
责编：度量、雨禾、雨田
