VITA

Education:

• Associate, Reinsurance Administration (Life Office Management Association)
  
• Fellow, Financial Services Institute (Life Office Management Association)
  
• Fellow, Life Management Institute (Life Office Management Association)
  
• Sun Certified Java 2 Programmer
  
• Brainbench Certified HTML 3.2, and JAVA 1
  
• Ph.D. in Economics, Johns Hopkins University (USA) Dissertation title: "Estate Liquidation and Asset Holdings by Altruistic Consumers with Uncertain Lifetimes"
  
• M.Soc.Sc. in Economics, University of Hong Kong (Hong Kong) Dissertation title: "The Endogeneity of Money Supply in Hong Kong"
  
• B.B.A. (first-class honors) in Accounting and Finance, Simon Fraser University (Canada)

Work Experience

Publications in Refereed Journals:

1. Arthur Hau, "Comparative Statics of Changes in Risk in Monotonically and Partially Responsive Kinked Payoff", European Journal of Operational Research, forthcoming.

2. Arthur Hau, "Economic Foundation of Risk Management, Agency, and Financial Intermediation", Journal of Risk Management 19(2): 67-100, Autumn 2008. (Korea Risk Management Society)

3. Arthur Hau, "When is a Coinsurance-type Insurance Policy Inferior or Even Giffen?", Journal of Risk and Insurance 75(2): 343-364, June 2008.

4. Arthur Hau, "Catastrophic Losses and Bond Covenants for Mitigating Under- and Overinvestment," Pravartak (The Journal of Insurance and Management: National Insurance Academy of India) vol.II issue 4: 66-70, 2008.

5. Arthur Hau, "Optimal Insurance under Costly Falsification and Costly, Inexact Verification," Journal of Economic Dynamics and Control 32(5): 1680-1700, May 2008.

6. Arthur Hau, "Insurance, Bond Covenant, and Under- and Over-investment with Risky Asset Reconstitution," Journal of Risk and Insurance 74(1): 3-22, March 2007. (lead article of the issue)

7. Arthur Hau, "The Liquidity Demand for Corporate Property Insurance," Journal of Risk and Insurance 73(2):261-278, June 2006.

8. Arthur Hau, "Production under Uncertainty with Insurance and Hedging," Insurance: Mathematics and Economics:247-259, April 2006.

9. Arthur Hau, "The Long-run Effects of Pay-as-you-go Medicare on Savings and Consumer Welfare," Public Finance Review 33:634-655, September 2005.

10. Arthur Hau and Lily Jiang, "Economic Growth and Medicare Funding Systems" Contemporary Economic Policy 23(1):17-27, January 2005.

11. Arthur Hau, "Theory of the Firm Facing Uncertain Demand Revisited," Economic Theory 24(2), pp.457-464, August 2004.

12. Arthur Hau, "Prudence, Intertemporal Substitution, and Savings under Uncertainty" Journal of Economics (Zeitschrift Fur Nationalokonomie) 77(1), pp. 35-52, October 2002.

13. Arthur Hau, "A General Theorem on the Comparative Statics of Changes in Risk" Geneva Papers on Risk and Insurance Theory 26, pp. 25-41, June 2001.

14. Arthur Hau, "Precautionary Saving and Mortality-contingent Social Insurance Programs." Public Finance Review 29(1), pp. 61-82, January 2001.

15. Arthur Hau, "Liquidity, Estate Liquidation, Charitable Motives, and Life Insurance Demand by Retired Singles," Journal of Risk and Insurance 67(1), pp. 123-141, March 2000.

16. Arthur Hau, "A Note on Insurance Coverage in Incomplete Markets," Southern Economic Journal 66(2), pp. 433-441, October 1999.

University and Community Services Since Joining Lingnan

• Referee for Journal of Economics (2009)
• Referee for PLoS ONE (2008)
• Referee for European Journal of Operational Research (2008)
• Referee for Geneva Risk and Insurance Review (2008)
• Referee for Czech Journal of Economics and Finance (2007)
• Referee for Journal of Risk and Insurance (2004, 2005, 2006, 2007, 2008)
• Referee for Journal of Insurance Issues (2003)
• Referee for Oxford Economic Papers (2002)
• Referee for Southern Economic Journal (2001, 2002)
• Member of the Civic Party (2007)
• Teaching the course "Economics for Management" for the EMBA program, Lingnan University (2006)
• Supervising EMBA students (2 group projects), Lingnan University (2004)
• Associate Director, HKIBS, Lingnan University (2003 - 2007)
• Member of PCC, Lingnan University (2004 - present)
• Drafting of a Proposal for the Chinese Manufacturers' Association of Hong Kong about the viability of Hong Kong as an International Personal Wealth Management Center. (submitted Sept. 2006)
• Member of RPSP, Lingnan University (2003 - 2007)
• Member of Social Sciences Board of Examiners (2002, 2003)
• Risk and Insurance Management Stream Coordinator (2004 to present)
• Member of the Curriculum Review Team of the Business Program (2004 to present)
• Member of the Managment Board of Research (2004 to present)
• Mainland Student Host Family Program (2005 - 2007)
• Member of the Program Assessment Panel(2004, 2005)
• Drafting of a proposal for a new course in Personal Risk and Financial Planning RIM 250 (2004)
• Drafting of a proposal to waive the pre-requisite of RIM 200 for RIM 201 (2002)
• Drafting of a proposal to waive the pre-requisite of RIM 200 for RIM 350 and RIM 351 (2003)
• Drafting of a proposal for a minor in RIM (2002)
• Acting Head of Department of Management (once in August, 2003 and once in April, 2004)
• Acting Head of Department of Finance and Insurance (summer 2006)
• Acting Director of HKIBS (summer 2004, summer 2006, summer 2007)
• Webmaster of Management Dept., Lingnan University (2001, 2002, 2003)
• Student advising (2002 to present)
• Application for Accreditation of the Risk and Insurance Management Stream from ANZIIF (August, 2006)
• Supervisor of a summer interns (2002, 2004, 2006)
• Speaker for RIM on new course structure at BBA retreat (2004)
• Speaker at Stream Selection Forum to BBA students (2002 to present)
• Speaker at Open Forum on Open Day (2002 to present)
• Speaker to students from Singapore visiting Lingnan (July, 2002)
• 香港電台講者:精靈一點 -- 大廈管理學堂之大廈法團保險購買(共兩輯2005年1月18-19日)
• 香港電台講者:911財經專輯 -- 外遊與保險 (7/9/2006)
• Member of Management Committee - The Incorporated Owners of Tuen Mun Rosedale Gardens (2004-2005)
• External Course Assessor for "Li Ka Shing Institute of Professional and Continuing Education", OUHK (2006)
• Hosting of an open seminar "Medical Financing in Hong Kong" (with two Legco members as speakers: Dr. C.H. Cheung and Dr. K.K. Kwok) (2008)
• Subject Specialist for Hong Kong Council for Academic Accreditation (2007-2010).

Conference Papers

1. "Chebyshev's Inequality and Preservation of Risk Aversion under (Conditional) Expectation" Asia Pacific Risk and Insurance Association Twelth Annual Conference, Sydney Australia, 7/2008
2. "Economic Foundation of Risk Management, Agency, and Financial Intermediation" Korea Risk Management Society Seminar 2008 - Seoul Korea, 4/2008
3. "The Pricing of Committed Bank Loans for Liquidity and Operational Purposes" Academy of International Business Meeting 2006 - Bangkok Thailand, 12/2006.
4. "Insurance, Bond Covenants, and Under- or Over-investment," Asia Pacific Risk and Insurance Association Tenth Annual Conference, Tokyo Japan, 8/2006.
5. "Insurance, Bond Covenants, and Under- or Over-investment with Risky Asset Reconstitution," Academy of International Business Meeting 2005 - The Phillippies, 10/2005.
6. "A Principal-Agent Problem in Insurance Brokerage and Risk Management" Academy of International Business Meeting 2004 - Macau, 8/2004.
7. "Optimal Insurance under Costly Falsification and Costly, Imperfect Verification" Asia-Pacific Risk and Insurance Association Annual Meeting 2004 - Seoul, Korea, 7/20/2004.
8. "Liquidity, Output Contract and Corporate Property Insurance Purchase" Asia-Pacific Risk and Insurance Association Annual Meeting 2003 - Bangkok, Thailand, 7/22/2003.
9. "The Comparative Statics of Changes in Risk-Reduction Technologies" American Risk and Insurance Association Annual Meeting 2002 - Montreal, Canada, 8/14/2002.
10. "Output Yield Insurance and Input Decisions - An Application to Crop Insurance" American Risk and Insurance Association Annual Meeting 2001 - Indianapolis, USA, 8/14/2001.
11. "Is Raising Medicare Coinsurance Pareto Improving under Perfect Information and Markets?" American Risk and Insurance Association Annual Meeting 2000 - Baltimore, 8/7/2000.
12. "Optimal Medical Insurance Coverage in Incomplete Markets," Taipei International Conference on Health Economics, Academia Sinica, 3/25/1999.
13. "Prudence,Equivalence Precautionary Premium and Saving in the Large," Conference on the Contemporary Issues in the Savings in Taiwan, 11/5/1997.

Working Papers

• "The Pricing of Committed Bank Loans for Liquidity and Operational Purposes" (target Journal of Financial Services Research)
• "Optimal Commission in a Principal-Agent Insurance Brokerage Problem" (work in progress; target Journal of Risk and Insurance)
• "On Generalized Self-Insurance-cum-Protection" (revising)
• "On Generalized Location-weighted Probability Mass Functions" (work in progress)
• "The Comparative Statics of Changes in Risk on Kinked Payoff Functions" (work in progress; target European Journal of Operational Research)
• "Chebyshev's Inequality and Tradeoffs in the Comparative Statics of Changes in Risk" (work in progress)
• "Chebyshev's Inequality and Monotone Comparative Statics under Uncertainy" (work in progress)
• "Chebyshev's Inequality and Preservation of Risk Aversion under (Conditional) Expectation" (submitted to Journal of Economic Theory)
• "Chebyshev's Inequality and Symmetric Comparative Statics of Changes in Risk" (submitted to Journal of Risk and Uncertainty)

Current Research Areas

1. General Risk and Insurance Theory
2. Social Insurance and Medicare
3. Life Insurance, Life Annuities, IRA and Other Retirement Planning and Estate Planning Instruments
4. Financial Markets, Hedging and Output Decision

Research Grants

1. Project Title: "Option-like Constraint on Compensation and the Agency Problem in Production and Risk Management," Lingnan University Internal Grant (Business Program), Ref: DB09A9, HK$26,000.
2. Project Title: "Chebyshev's Inequality and the Preservation of Risk Aversion under (Conditional) Expectation," Lingnan University Internal Grant (Business Program), Ref: DB08A7, HK$30,000.
3. Project Title: "Comparative Statics of Changes in Risk on Kinked Payoff Functions," Lingnan University Internal Grant (Business Program), Ref: DB07A7, HK$29,500.
4. Project Title: "Liquidity Risk and the Pricing of Committed Bank Loans," Lingnan University Internal Grant (Business Program), Ref: DB06A6, HK$30,000.
5. Project Title: "Insurance, Bond Covenants, and Under- and Over-investment with Risky Asset Reconstitution," Lingnan University Internal Grant (Business Program), Ref: DB05A5, HK$30,000.
6. Project Title: "The Principal-Agent Problem and the Optimal Contract under Costly Falsification and Costly, Imperfect Verification," Lingnan University Internal Grant (Business Program), Ref: DB04A2, HK$25,500.
7. Project Title: "Liquidity, Corporate Property Insurance, and Output Contract," Lingnan University Internal Grant, Ref: DB03A2, HK$25,500.
8. Project Title: "Comparative Statics of Changes in Risk-Reduction Technologies," Lingnan University Internal Grant, Ref: RES201/BUS003, HK$23,600.
9. Project Title: "Absolute Prudence, Default Risk, and Insurance Demand," 1998. National Science Council of Taiwan Grant No. NSC 88-2415-H032-016, NT$457,600
10. Project Title: "Price and Exchange Rate Risk, Optimal Taxation, and Output and Hedging Decisions of Firms," 1999. National Science Council of Taiwan Grant No. NSC 89-2415-H-032-015, NT$466,700

Computer Skills

• Operating Systems: DOS, Windows 98, Unix
  
• Programming Languages: dBase4, Javascript basics, html (Brainbench Certified), gawk, ksh shell script, Java (Sun Certified Java 2, Brainbench Certified Java 1), xml, sql
  
• Statistics Packages: Gauss, SAS, Stata, SPSS
  
• Commercial Softwares: Word, Excel, Access
  
• Mathematics packages: Mathematica

Language Ability