【主讲人】陈泽阳
【主持人】高明 副教授
【报告题目】What's in a Face? An Experiment on Facial Information and Loan Approval Decision

【报告摘要】Facial information is essential in daily life but relatively little is known about whether seeing a face improves people’s decision quality. This experimental paper studies the loan approval decisions based on the historical cash loan data with real repayment outcomes, and exogenously varies whether and how a borrower’s facial information is provided. We find that facial information does not improve subjects’ decisions, despite the fact that it can predict repayment behavior in a machine learning algorithm. This is because subjects have various biases in evaluating facial photos; and they rely excessively on facial information in making the loan approval decisions.

【主讲人介绍】陈泽阳现为北京大学光华管理学院博士候选人。她于2017年获得北京大学光华管理学院经济学学士学位与中文系中国语言与文学学士双学位，并被评为北京市优秀毕业生。研究兴趣包括行为与实验经济学、行为金融学、AI以及数字经济，曾获第一届、第二届中国行为与实验经济学论坛优秀论文奖，学术论文收到Management Science、Journal of Economic Behavior & Organization等期刊的修改意见。