2024
10.12
祝贺!经院助理教授刘语在管理学顶级期刊Management Science发表论文
近日,暨南大学经济学院金融系刘语助理教授的合作论文Volatility Ambiguity, Portfolio Decisions, and Equilibrium Asset Pricing在国际管理学顶级期刊Management Science在线发表。合作者为王浩(清华大学),张丽宏(清华大学)和王坦(上海交通大学,上海高级金融学院)。论文摘要This paper develops a new approach to volatility ambiguity and studies its implications for equilibrium consumption, portfolio choice, and asset prices. Our approach does not require equivalence between priors. The measure of ambiguity is based on the statistical confidence in the reference model that can be assessed with