供稿：胡杰　摄影：董温彦　编辑：王倩倩

　　2011年6月28日，Neil Pearson教授应管理与经济学院之邀在主楼309作学术报告。报告内容是Neil Pearson教授即将在期刊Journal of Financial Economics上发表的论文《The Dark Side of Financial Innovation》。应用经济系马明主任主持了本次报告。

　　报告会在轻松自然的氛围下展开，Neil Pearson教授用简洁幽默的语言向在座的校内外师生介绍了他的论文的主要内容：“投资者由于认知偏差在实际中存在购买过高定价的证券，如摩根斯坦利发行的SPARQS证券；SPARQS证券的定价和其过高定价的实证分析。”他根据Black-Scholes定价工具和大量的数据计算方法，得出了SPARQS证券在发行时过高定价的事实，并分析了投资者这一行为的可能的各种原因。
内容涉及复杂的数学公式和计算方法，但Neil Pearson教授深入浅出，将他的主要思想清晰地向在场师生做了说明。复杂的理论和有趣的事实相结合使Neil Pearson教授得到热烈的掌声，同学们也了解到了新的思想。

　　最后，在场的师生与Neil Pearson教授进行了互动交流并合影留念，气氛活跃。Neil Pearson教授的这次讲座传达出了必赢bwin线路检测中心和国外名校之间的友好合作气氛。

Neil Pearson教授介绍：
　　Neil D. Pearson is a Harry A. Brandt Distinguished Professor in Financial Markets and Options, University of Illinois at Urbana-Champaign. His research includes both theoretical and empirical work on asset pricing and the valuation and hedging of financial derivatives and other financial instruments. Dr. Pearson has published papers in a number of academic journals, is an associate editor of the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and Economics Bulletin and has written a book, Risk Budgeting: Portfolio Problem Solving with Value-at-Risk, published by John Wiley & Sons. He has consulted for a number of U.S. and international banks, working on term structure models, the evaluation of derivatives pricing models, and some issues that arise in the computation of “value at risk” measures. He received his Ph.D. from the Massachusetts Institute of Technology.

（审核：颜志军）