Speaker: Vinod Cheriyan, Georgia Tech.
Date and Time: 11:30 am, Friday July 12, 2013
Venue: Room 217, Mechanical Engineering
Abstract:
Asset price bubbles have been observed in experimental markets.
However, in most of these studies the supply and demand of assets are
specified exogenously. Also, their finite duration causes end of the
horizon effects. In this work, we design an experimental market with
endogenous supply and demand, and random duration. We show that asset
price bubbles are possible in such markets. We present findings from
our experiments. We also fit our model and other models of investor
behavior to the data.
Speaker Bio:
Vinod Cheriyan is a Ph.D. student at H. Milton Stewart School of
Industrial and Systems Engineering Department at Georgia Institute of
Technology. His major is Operations Research, with a focus on
Behavioral Operations. In particular, he studies the effect of bounded
rational decision makers on financial systems. Vinod received his
Bachelors and Masters in Mechanical Engineering from Indian Institute
of Technology, Bombay. He was awarded the President of India Gold
Medal for the year 2000. Prior to starting joining the Ph.D. program,
Vinod also worked as an Senior Consultant at Deloitte Consulting.