Optimal stopping meets psychology

Event


Date:

Time: 7:30 pm

University of Leicester

Lecture Theatre 2, Ken Edwards Building, Leicester, England

Tuesday February 28, 2017 7:30 pm Tuesday February 28, 2017 7:30 pm Europe/London Optimal stopping meets psychology University of LeicesterLecture Theatre 2, Ken Edwards BuildingLeicesterEngland Optimal stopping meets psychology, a talk by David Hobson (University of Warwick) Abstract One canonical problem in finance (and more generally) is […] Event Link: https://ima.org.uk/4147/optimal-stopping-meets-psychology/

Optimal stopping meets psychology


Optimal stopping meets psychology, a talk by David Hobson (University of Warwick)

Abstract

One canonical problem in finance (and more generally) is to decide when to sell an asset.  The classical problem for a utility maximising agent is well understood.  But, recent studies have argued that agents are not rational utility maximisers, instead their objectives are more subtle.

So how do we really decide when to sell something?

In this talk we will discuss some of the issues and how the ideas extend to a dynamic situation.

David Hobbs is a Professor of Statistics at the University of Warwick with research interests in stochastic finance.

No charge is made to attend meetings; non-IMA members are welcome

Image credit:  Stop by Les Chatfield / Flickr / CC BY 2.0
Published

Leave a Reply

Your email address will not be published. Required fields are marked *