Speaker: Dr. Tianhao Zhi

Time: 2:00-3:00 p.m., 18 Mar 2020 (Wed)

Online Platform: Tencent Meeting (ID：869 019 762）

Language:English

Abstract:

Conventional literature on financial risks is based primarily on the assumptions of efficient market hypothesis and Gaussian-type distributions of asset returns. There are no endogenous connection between the thinking participants and market outcomes under this paradigm. Since the aftermath of the 2007 Global Financial Crisis, there are growing concerns that cast doubts in the conventional paradigm of financial risk management. Complexity theory emerges as one of the promising alternative approach to a better understanding of financial risks. This talk will outline this strand of literature regarding complexity of financial risks that gives an explicit consideration of the interconnection between cognition of market participants and market outcomes.

About the speaker

Dr. Tianhao Zhi is assistant professor in financial mathematics at DST, UIC. Before joining UIC, he had worked as research assistant professor at Sun Yat-sen University in Guangzhou for two years. He received his PhD in Finance from University of Technology Sydney under Prof Carl Chiarella, Dr Corrado Di Guilmi and Prof Xuezhong He and his Master in Economics from Unversity of Queensland under Dr Thanh Quang Le and Prof James Laurenceson (currently the acting director at Australia-China Research Institute, ACRI). His main research areas are in non-linear economic dynamics and behavioural finance. His works are published in numerous international journals, including Emerging Market Review and Studies in Nonlinear Dynamics and Econometrics.