Speaker: AssistantProfessor Zhang Xiaomeng (Economics Experimental Lab, Nanjing Audit University)
Host:Assistant Professor Yang Cheng (Li Anmin Institute of Economics, Liaoning University)
Guest introduction: Associate Professor Zhou Yu (China Institute of Economic, Liaoning University)
Time: June 17, 2024 (Monday) 14:30-16:00 (Beijing time)
Location: Conference Room, 1st Floor, Wuzhou Park, Chongshan Campus, Liaoning University
Online Venue: Tencent Meeting:570-612-927
Language: Chinese/English
Abstract: This research investigates the relationship between risk preferences and macroeconomic conditions. By leveraging data from the Global Preference Survey, we distinguish between risk preferences and economic forecasts, uncovering a correlation between experiences of economic downturns and increased risk aversion. Employing machine learning techniques, we identify diverse impacts of macroeconomic experiences on risk preferences across different countries. These findings provide a deeper understanding of the varying economic recovery speeds post-crises across countries and cultures, highlighting the critical importance of considering the diversity in economic analysis and policy-making. Our study underscores the intricate interplay between economy environment and economic decision-making, offering valuable perspectives to the discourse on global economic resilience.
Introduction to the speaker:
Zhang Xiaomeng is an assistant professor and master’s tutor atEconomics Experimental Lab, Nanjing Audit University.He got his PhD degree in Economics at Virginia Tech, USA. His main research directions are behavioral economics, experimental economics, and neuroeconomics. His research results have been published in international academic journals such as China Economic Review, Economics Letters, Scientific Reports, Behavioral Sciences, and Finance Research Letters. Hosted one youth project of the National Natural Science Foundation of China, and participated in three key projects and general projects of the National Natural Science Foundation of China. He serves as an anonymous reviewer for top international academic journals such as The Quarterly Journal of Economics and Journal of Economic Behavior & Organization, and is a director of the China Behavioral and Experimental Economics Forum.
