주원영 교수

Recently, the government of South Korea has offered a variety of welfare programs that are customized to diverse demands, such as diabetes management, alcohol addiction rehabilitation, living condition improvement, etc. These welfare programs have become too diverse to be remembered and recommended by individuals, and the government now has a list matching program recipients and programs for further studies. This research investigates such welfare program recommendation with a conditional variat

In delegated management, it is common practice to manage portfolios within specific risk tolerances based on benchmark indices. We provide insights into the fund manager’s optimal learning and investment behavior in re-sponse to changes in constituents of the benchmark. Our model allows us to examine the importance of allocating attention to newly listed stocks. The manager’s optimal effort exerted by the manager on new stock decreases as the constraint on tracking error becomes tighter. On the