1. "Information, Expected Utility, and Portfolio Choice" (with Ehud Peleg and Avanidhar Subrahmanyam), Journal of Financial and Quantitative Analysis, forthcoming.
2. "On the relation between expected returns and implied cost of capital." with John Hughes, Review of Accounting Studies, v14, n2-3, 246-259, June/September, 2009.
3. "Debt Policy, Corporate Taxes, and Discount Rates" with Mark Grinblatt, Journal of Economic Theory, v141, n1, 225-254, July, 2008.
4. "Information, Diversification, and Asset Pricing" with Jing Liu and Jack Hughes, Accounting Review, v82, n3, 705-730, May, 2007.
5. "Risk, Return and Dividends" with Andrew Ang, Journal of Financial Economics, v85, n2, 1-38, August, 2007.
6. "Portfolio Selection in Stochastic Environments", Review of Financial Studies, v20, n1, 1-39, January, 2007.
7. "The Market Price of Credit Risk: An Empirical Analysis of Interest Rate Swap Spreads", with Francis Longstaff and Ravit E. Mandell, Journal of Business, v79, n5, 2337-2359, September,
   2006.
8. "Why Stocks May Disappoint" with Andrew Ang and Geert Bekaert, Journal of Financial Economics, v76, n3, 471-508, 2005.
9. "An Equilibrium Model of Rare Event Premia" with Jun Pan and Tan Wang, Review of Financial Studies, v18, n1, 131-164, Spring 2005.
10. "How to Discount Cashflows with Time-Varying Expected Returns" with Andrew Ang, Journal of Finance, v59, n6, 2745-2783, December, 2004.
11. "Losing Money on Arbitrages: Optimal Dynamic Portfolio Choice in Markets with Arbitrage Opportunities" with Francis Longstaff, Review of Financial Studies, v17, n3, 611-641, Fall, 2004.
12. "Conditional Information and Variance Bounds on Pricing Kernels (with Geert Bekaert), Review of Financial Studies, v17, n2, 339-378, Summer 2004.
13. "Dynamic Derivative Strategies (with Jun Pan), Journal of Financial Economics, v69, n3, 401-430, September, 2003.
14. "Paper Millionaires: How Valuable is Stock to a Stockholder Who Is Restricted from Selling It?" (with Matthias Kahl and Francis Longstaff), Journal of Financial Economics, v67, n3, 385-410, March, 2003.
15. "Dynamic Asset Allocation with Event Risk" (with Francis Longstaff and Jun Pan), Journal of Finance, v58, n1, 231-259, February, 2003.
16. "A Generalized Earning Model of Stock Valuation" (with Andrew Ang), Review of Accounting Studies, v6, n4, 397-425, December, 2001.

授课经历：

1. Investments (MBA), 2000.
2. Theory of Finance (MBA), 2001, 2002.
3. Security Analysis and Investment Management (MBA), 2003, 2004, 2005.
4. Continuous-Time Finance (PhD), 2000, 2002, 2003, 2004.
5. Financial Economics (PhD) 2004.
6. Corporate finance (MBA), 2006.
7. New Venture Finance (MBA), 2006.

曾获奖励：

1. First Place, Higher Mathematics Contest of Peking University, 1981.
2. Blackett Scholarship, Erice International School of Subnuclear Physics, 1986.
3. Barclays Global Investors/Michael Brennan Best Paper Award, Review of Financial Studies, 2005.

发表论文：

1. "Density-Based Inference of Jump-Diffusion Processes (with Jun Pan and Lasse Pedersen), reviseresubmit, Journal of Econometrics, 2002.
2. "Debt Policy, Corporate Taxes, and Discount Rates" (with Mark Grinblatt), submitted, 2004. revise-resubmit, Journal of Economic Theory.
3. "Endogenous Retirement, Endogenous Labor Supply, and Wealth Shocks" (with Eric Neis), working paper, 2002.
4. The Value of Private Information" (with Ehud Peleg and Avanidhar Subrahmanyam), working paper, 2004.