学 术 报 告
报告题目：Mean-variance versus expected utility in dynamic investment analysis
（School of Business Administration，Dalhousie University，Canada）
Dr. Yonggan Zhao is a Professor of Finance and Canada Research Chair in Risk Management. Prior to joining Dalhousie University (Halifax, Canada) in July 2006, he was an Assistant Professor of Finance at Nanyang Technological University (Singapore). He was a Visiting Fellow at Princeton University and a Visiting Scholar at Western Kentucky University. He received his Ph. D. in Business Administration from the University of British Columbia.
Dr Zhao’s research interests encompass theoretical and empirical investigations of financial investment models. He worked on equilibrium theory, dynamic portfolio management, and option pricing and hedging models. Particularly, he has focused his research on developing dynamic models of risk control and risk management in an incomplete market setting subject to realistic constraints. His research areas include
·Dynamic Portfolio Management.
·Option Models and Risk Management.
·Mutual Fund Performance Evaluation.
·Market Risk Modeling with Regime Switching.
Dr. Zhao has published widely in the fields of Finance, Economics, and Mathematics. He has been invited to give research talks at universities worldwide. His research outputs are sought by portfolio managers, and he has developed investment models for a number of hedge funds. His research is funded by both the Social Sciences and Humanities Research Council of Canada (SSHRC) and the Natural Sciences and Engineering Research Council of Canada (NSERC).