{
	"event_id": "959882",
	"eventinstance_id": "3720127",
	"calendar": {
		"id": 1,
		"title": "Events at UCF",
		"slug": "events-at-ucf",
		"url": "https://events.ucf.edu/calendar/1/events-at-ucf/"
	},
	"id": "3720127",
	"title": "Mathematics Colloquium by Dr. Michael Tseng",
	"subtitle": null,
	"description": "\u003Cp\u003EThe UCF \u003Ca href\u003D\u0022https://sciences.ucf.edu/math/colloquium/\u0022 target\u003D\u0022_blank\u0022\u003EMathematics Colloquium\u003C/a\u003E, held every Monday from 3:30 to 4:30 p.m. in MSB 318, offers a diverse platform for research scholars, faculty, students, and industry experts to share and exchange ideas, fostering discussion and networking across various areas of mathematics.\u003C/p\u003E\u000A\u003Cp\u003E\u003Ca href\u003D\u0022https://business.ucf.edu/person/michael\u002Dc\u002Dtseng/\u0022 target\u003D\u0022_blank\u0022\u003EMichael Tseng\u003C/a\u003E, Ph.D., assistant professor at the UCF Department of Economics, will speak at this week\u0027s colloquium on \u0022Information and Asset Prices: Grossman\u002DStiglitz, Kyle, and Arrow\u002DDebreu.\u0022\u003C/p\u003E\u000A\u003Cp\u003EAbstract: In financial markets, the fundamental function of prices is to aggregate risk and information. In financial economics, asset pricing primarily focuses on risk aggregation, while market microstructure examines how information is incorporated into prices. In this talk, we will first give an introductory tour of market microstructure theory by retracing the seminal footsteps of Grossman\u002DStiglitz (1980) and Kyle (1985). We will then discuss a new framework that integrates the elements of Kyle (1985) and Arrow\u002DDebreu (1956), the latter being the foundation of asset pricing theory. This new framework, joint work with Christian Keller, extends market microstructure theory to encompass derivatives. More generally, it unifies the asset pricing and market microstructure perspectives.\u003C/p\u003E",
	"location": "MSB 318: Mathematical Sciences Building, Room 318",
	"location_url": "https://www.ucf.edu/location/mathematical\u002Dsciences\u002Dbuilding/",
	"virtual_url": null,
	"registration_link": null,
	"registration_info": null,
	"starts": "Mon, 10 Feb 2025 15:30:00 -0500",
	"ends": "Mon, 10 Feb 2025 16:30:00 -0500",
	"ongoing": "False",
	"category": "Speaker/Lecture/Seminar",
	"tags": ["UCF Mathematics"],
	"contact_name": "Zhisheng Shuai",
	"contact_phone": null,
	"contact_email": "Zhisheng.Shuai@ucf.edu",
	"url": "https://events.ucf.edu/event/3720127/mathematics-colloquium-by-dr-michael-tseng/"
}