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。
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。
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