经济与金融系学术讨论会第51期 

时间：2019年3月26日（周二）12:00-13:00 

地点：同济大厦A楼403室 

题目： Investing with Fast Thinking 

主讲人：炎宏军（美国德保罗大学教授、系主任、行为金融研究中心主任） 

摘要：

Using data from a major online peer-to-peer lending market, we document that investors follow a simple rule of thumb under time pressure: they rush to invest in loans with high interest rates without sufficiently examining credit ratings, which are freely available on the trading interface. Our experiments show that making credit rating information more salient “nudges” investors into better decisions. Firsthand experience matters for learning for non-informational reasons: An investor responds differently when observing a default of her own loan, relative to observing a default of another investor’s loan.

主讲人简介：

炎宏军，美国德保罗大学教授、系主任、行为金融研究中心主任。之前任耶鲁大学管理学院副教授。他先后于1995年获南开大学学士学位、1998年获北京大学硕士学位,以及2005年获伦敦商学院博士学位。