从行为金融角度出发,对基金经理过度自信情形下的最优激励契约进行研究。
This paper researches the optimal incentive contract based on overconfidence of investment fund manager from the behavioral finance view point.
与没有考虑公平心理偏好的标准情形相比,公平心理偏好改变了最优契约的结构形式,并且提高了激励效率。
Comparing to the standard incentive contracts without considering fairness preferences, the structure of optimal contracts are changed and incentive efficiencies are promoted.
与没有考虑公平心理偏好的标准情形相比,公平心理偏好改变了最优契约的结构形式,并且提高了激励效率。
Comparing to the standard incentive contracts without considering fairness preferences, the structure of optimal contracts are changed and incentive efficiencies are promoted.
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