主讲人：Chew Soo Hong 周恕弘（新加坡国立大学、西南财经大学）
主持老师：（北大经院）陆方文
参与老师：
（北大经院）秦雪征、庄晨、曹光宇
（北大光华）孟涓涓、高彧
（北大现代农学院）刘承芳、罗仁福、候玲玲、王悦
（北大教育学院）杨钋、丁延庆、马莉萍、朱琼
时间：2023年9月20日（周三）10:00-12:00
地点：8797威尼斯老品牌302会议室
主讲人简介：
周恕弘教授是新加坡国立大学的荣休教授、西南财经大学中国行为经济与行为金融研究中心特聘主任，计量经济学会院士、经济学理论促进学会（SAET）院士（Fellow），世界著名的实验经济学家和行为经济学家，曾执教于美国亚利桑那大学、约翰·霍普金斯大学、加州大学尔湾分校、香港科技大学。其在经济学以及其他学科顶级权威期刊比如Econometrica，Journal of Political Economy， Review of Economic Studies，Journal of Economic Theory，Neuron，Proceedings of the National Academy of Sciences，Management Science等共发表过学术论文六十余篇。
摘要：
Source preference is evident when identically distributed risks from different sources of uncertainty are not valued the same (Heath and Tversky, 1991). This has been axiomatized in Chew and Sagi (2008) and investigated experimentally in several follow up papers including Abdellaoui et al. (2011). Using a trailing digit betting design in four experiments, we identify familiarity bias in source preference as an explanation for home bias in international finance that is distinct from ambiguity aversion or informational advantage. The first two studies establish the existence of a strong familiarity bias within an investment context. A third experiment establishes that standard home bias and familiarity bias are of comparable magnitudes. The last study further demonstrates that home bias can be explained, within subject, by familiarity bias but not by ambiguity aversion. The studies consistently point to familiarity bias as a driver of home bias across investment context and subject types.
