嘉宾介绍

Scott Weisbenner，伊利诺伊大学香槟分校格伊斯商学院威廉卡尔恩讲习教授， 资深金融系正教授，美国国家经济研究局研究员，Management Science (管理科学）副主编，在世界顶级金融学，财务学，管理科学期刊如Journal of Finance (金融学学报), Journal of Financial Economics (金融经济学学报), Review of Financial Studies(金融研究评论), Journal of Public Economics，American Economic Review, ournal of Pension Economics and Finance, Review of Financial Studies， Management Science (管理科学) 以及其他一流期刊上发表论文。也是上述期刊的长期的评委。

Weisbenner 多年被评为伊利诺伊大学杰出教师，杰出研究生导师。

报告主题

Much research has shown that, in general, individual investors do not "beat the market" with their stock trades.  In this presentation, two papers that explore types of Individual investors and types of stock investments that may generate alpha will be discussed. Specifically, we find that a household's local stock holdings outperform their positions in more distant firms, particularly for small-cap stocks (where information asymmetries between local and distant investors may be the largest).  We also find that household's concentrated in a few stock holdings are better stock pickers than those with more diversified stock portfolios.

【讲座地点】：明斋221 备有简餐

【主办单位】：清华大学社科学院经济学所

【讲座时间】：2019年5月24日12:00

【主 持 人】：汤珂，清华大学社科学院经济所教授