This paper researches the optimal incentive contract based on overconfidence of investment fund manager from the behavioral finance view point.

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。

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Behavioral contract theory tries to design optimal incentive contracts based on fairness preferences, which mean that agents will pay attention to the comparisons of his payoff and others.

行为合约理论认为代理人具有公平偏好，会关注自己的物质收益与他人相比是否公平，因而试图建立包含公平偏好的最优激励合约。

youdao

Behavioral contract theory tries to design optimal incentive contracts based on fairness preferences, which mean that agents will pay attention to the comparisons of his payoff and others.

行为合约理论认为代理人具有公平偏好，会关注自己的物质收益与他人相比是否公平，因而试图建立包含公平偏好的最优激励合约。

youdao