主题一：Leverage and Asset Prices: An Experiment杠杆交易与资产价格：一个实验研究
主题二：如何在国外学术杂志发表论文？
报告人：乔治·梅森大学Daniel Houser教授经济科学跨学科中心（ICES）主任
报告时间：2017年12月13日（周三）上午9:00
地点：管阶一
报告摘要：
We test the asset pricing implications of collateralized borrowing (that is, using assets as collateral to borrow money) in the laboratory. To this purpose, we develop a general equilibrium model with collateral constraints amenable to laboratory implementation and gather experimental data. In the laboratory, assets that can be leveraged fetch higher prices than assets that cannot, even though assets’ payoffs are identical in all states of nature. Hence, collateral value creates deviations from the Law of One Price. The spread between collateralizeable and non-collateralizeable assets is significant and quantitatively close to theoretical predictions
本文实验研究资产的可抵押性（即资产可被作为抵押物用以获得贷款）对资产定价的影响。为此，本文建立了一个存在资产抵押约束并且可用于实验检验的一般均衡模型，通过理论推导与实验检验分析资产的可抵押性是否将抬高资产价格。在实验室的模拟交易环境中，即使交易的两种资产拥有完全一致的基本面价值，相比不可抵押资产，可抵押资产具有更高的交易价格。因此，资产的可抵押性将导致市场上的资产价格偏离一价定律。此外，本文实验数据显示可抵押和不可抵押资产之间存在显著的价差，并且该价差在数量上与本文模型预测结果基本一致。
报告人简介：
Daniel Houser教授是美国乔治·梅森大学经济系系主任，同时也是乔治·梅森大学经济科学跨学科中心（ICES）的主任。与实验经济学的鼻祖、2002年经济学诺贝尔奖得主Vernon Smith合作紧密。1989年在威斯康辛大学麦迪逊分校获得经济学和数学双学士学位，1998年在明尼苏达大学获得经济学博士学位。主要研究领域有：实验经济方法、神经经济学、政治经济学；当前在Interdisciplinary Center for Economic Science、Department of Economics、Neuroscience Program、Center for Study of Neuroeconomics、School of Computational Sciences等学术机构任职；担任Management Science、Journal of Neuroscience, Psychology and Economics、Frontiers in Neuroscience、Journal of Economic Behavior and Organization等杂志的主编、副主编，以及Science, Nature, Proceedings of the National Academy of Sciences of the United States of America, National Science Foundation等二十多个杂志的审稿人；获得过多项国家科学基金会的支持，在European Economic Review, Experimental Economics ,Journal of Risk and Uncertainty ,European Journal of Political Economy等期刊上发表多篇论文。
2017.12 Schedule for Professor Daniel Houser’s Visiting to CSU
Date
| Time
| Activity
| Attendee
| Venue
| 12th. Dec.
（Tuesday）
| 9:00-11:30AM
| Seminar:
Wei Bao: Social pressure, relationship and trustworthiness
Lu He: Delegation, power and deception
Sixuan Chen: Consultation on the experiment design and analysis method
| Relevant Teachers and Postgraduate
| Room 305
| 2:30-5:30PM
| Office Time
| Youcong Chao (2:30-4:00pm)
Lu He (4:00-5:30pm)
| Lab Office
| 13thDec.
（Wednesday）
| 9:00-11:00AM
| Lecture by Daniel Houser：
Topic 1:Leverage and Asset Prices: An Experiment
Topic 2: How to present paper in foreign academic journal?
| Teachers and Postgraduate of Business School
| 1108 Lecture Room
| 2:30-5:30 PM
| Office Time
| Wei Bao (2:30-5:30pm)
| Lab Office
| 14th. Dec.
（Thursday）
| 9:00-11:30 AM
| Normal07.8 磅02falsefalsefalseEN-USZH-CNX-NONEDiefeng Peng: Consumer psychology and consumption finance
| Relevant Teachers and Postgraduate
| Normal07.8 磅02falsefalsefalseEN-USZH-CNX-NONERoom 305
| 2:30-5:30 PM
| Office Time
| Wei Bao (2:30-3:30pm)
Youcong Chao (3:30-4:30pm)
Lu He (4:30-5:30pm)
| Lab Office
Normal07.8 磅02falsefalsefalseEN-USZH-CNX-NONE
|
Normal07.8 磅02falsefalsefalseEN-USZH-CNX-NONE欢迎感兴趣的老师及团队参加！
(责任编辑：系统管理员)
| 
