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                Department of Systems Engineering and Engineering Management

                             The Chinese University of Hong Kong





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Date: 4:30pm - 5:30pm, January 15 (Friday), 2016



Title: Time Inconsistency and Self Control



Speaker: Professor Xunyu Zhou, University of Oxford



Abstract:

Time inconsistency arises when one's preferences are not aligned over time; thus time-inconsistent dynamic control is essentially a

self control problem. In this talk I will introduce several classes of time-inconsistent dynamic optimisation problems together with

their economic motivations, highlight the ways to address the time inconsistency, and present several mathematical models and their

solutions.



Biography:

Xunyu Zhou is a Statutory Chair of Mathematical Finance at the University of Oxford, the Director of the Oxford-Nie Financial Big

Data Lab, and Professorial Fellow of St Hugh's College. Born in Jiangsu Province, he obtained his PhD in Applied Mathematics at

Fudan University in 1989. His academic career has taken him across China, Japan (Keio University and Kobe University), Canada

(University of Toronto), Hong Kong (The Chinese University of Hong Kong), and the UK. He has been working in quantitative finance,

stochastic control and applied probability, while he currently focuses on mathematical behavioural finance research. He is an IEEE

Fellow, an Humboldt Distinguished Lecturer, an invited speaker at the International Congress of Mathematicians, and the recipient of

the Royal Society Wolfson Award, SIAM Outstanding Paper Prize and Croucher Senior Research Fellowship..



Everyone is welcome to attend the talk!



Venue: Room 513,

      William M.W. Mong Engineering Building (ERB),

      (Engineering Building Complex Phase 2)

      The Chinese University of Hong Kong.



The talk will be hosted by:

Prof. Nan Chen,

Department of Systems Engineering and Engineering Management,

The Chinese University of Hong Kong,

E-mail: nchen@se.cuhk.edu.hk

Homepage: http://www1.se.cuhk.edu.hk/~nchenweb/



SEEM-5202 Website: http://seminar.se.cuhk.edu.hk

Email: seem5202@se.cuhk.edu.hk