# Professor Xuezhong He

### Biography

Tony He has been a Professor in Finance at University of Technology Sydney (UTS) since 2010. He has been a co-editor of *Journal of Economic Dynamics and Control *(an ABDC A* journal) since 2013.

Prof. Tony He received his PhD in Finance in 2001 from UTS and PhD in Applied Mathematics in 1995 from Flinders University, the two fundamental disciplines that underpin his areas of teaching and research.

Tony is an internationally recognized expert in financial market modelling and nonlinear dynamics in finance and economics. His research interests cover a broad area of theoretical asset pricing and financial market modelling with heterogeneous beliefs, adaptive learning, and social interaction, and empirical testing on various financial market anomalies and stylized facts such as volatility clustering, profitability of optimal trading, and return predictability. His international research profile is attested by his more than 40 publications in the field of finance and economics, invited contributions to the prestigious *Handbook of Financial Markets* and *Handbook of Computational Economics*, numerous keynote talks in the international conferences, and a number of competitively national and international research grants. As a mathematician in his earlier career, Tony has established an international reputation in the field of the theory and application of nonlinear dynamical systems and published more than 40 papers in this area. He has organized and served as committee member of international workshops and conferences. He has also served as associate editor and reviewer of a number of journals in finance, economics and mathematics.

**Professor,**Finance Discipline Group

**Associate Member,**QCIS - Quantum Computation and Intelligent Systems

**Core Member,**QFRC - Quantitative Finance

**Associate Member,**AAI - Advanced Analytics Institute

**Phone**

### Research Interests

• Asset Pricing with Heterogeneous Beliefs, Learning, and Social Interactions

• Nonlinear Economic Dynamics and Financial Market Modelling

• Heterogeneous Expectations and Empirical Testing in Equity, CDS, Commodity, and Foreign Exchange Markets

• Profitability, Return Predictability, and Market Sentiment

• High Frequency Trading and Learning in Limit Order Markets

Derivatives, Investment, Portfolio Theory, Financial Economics, and Nonlinear Economics

## Books

*Derivative Security Pricing Techniques, Methods and Applications*, Springer.

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*Nonlinear economic dynamics and financial modelling: Essays in honour of Carl Chiarella*.

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## Chapters

*Nonlinear Economic Dynamics and Financial Modelling: Essays in Honour of Carl Chiarella*, Springer, pp. 1-7.

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*Global analysis of dynamic models in economics and finance: Essays in honour of Laura Gardini*, Springer, Germany, pp. 289-316.

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*Global analysis of dynamic models in economics and finance: Essays in honour of Laura Gardini*, Springer, Germany, pp. 3-34.

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*Computational Methods in Economic Dynamics*, Springer, US, pp. 57-75.

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*Nonlinear Dynamics in Economics, Finance and the Social Sciences: Essays in Honour of John Barkley Rosser Jr*, Springer, US, pp. 353-369.

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*Recent Advances in Financial Engineering*, World Scientific, Singapore, pp. 127-156.

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*Handbook of Financial Markets: Dynamics and Evolution*, Elsevier, USA, pp. 277-344.

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*Natural Computing in Computational Finance*, Springer, Berlin, Germany, pp. 253-269.

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*Handbook on Information Technology in Finance*, Springer, Germany, pp. 465-499.

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*The Complex Networks of Economic Interactions: essays in agent-based economics & econophysics*, Springer, Berlin, Germany, pp. 109-123.

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*Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels*, Elsevier, Amsterdam, Netherlands, pp. 333-358.

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*Nonlinear Dynamics and Heterogeneous Interacting Agents*, Springer, Berlin, Germany, pp. 269-285.

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*Economic complexity: Non-linear dynamics, multi-agents economics, and learning*, Elsevier, Amsterdam, The Netherlands, pp. 363-390.

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*Optimization, Dynamics, and Economic Analysis*, Physica-Verlag, Heidelberg, Germany, pp. 86-100.

## Conferences

*Complex Behavior in Economics: Modelling, Computing and Mastering Complexity*, Complex Behavior in Economics: Modelling, Computing and Mastering Complexity, GREQAM, Aix-en-Provence, France, pp. 1-26.

*17th Annual Asian Finance Association/ FMA Conference*, 17th Annual Asian Finance Association/ FMA Conference, Asian Finance Association, Auckland, New Zealand, pp. 1-33.

*Econophysics Colloquium*, Econophysics Colloquium, -, Canberra, Australia.

*2005 Global Finance Conference*, Global Finance Conference, -, Dublin, Ireland.

*Quantitative Methods in Finance 2005 Conference*, Quantitative Methods in Finance 2005 Conference, -, Sydney, Australia.

*Proceedings of the 11th Annual Conference on Computing in Economics and Finance*, 11th Annual Conference on Computing in Economics and Finance, University of Maryland, Washington, USA, pp. 1-44.

*Proceedings of the Australian Conference of Economists 2005*, Australian Conference of Economists 2005, Economic Society of Australia, Melbourne, Australia, pp. 1-31.

*Society for nonlinear dynamics and economics*, Society for Nonlinear Dynamics and Economics, -, Atlanta, USA.

*Computational Economics - 10th International Conference on Computing in Economics and Finance*, Computational Economics - 10th International Conference on Computing in Economics and Finance, Society for Computational Economics, Amsterdam, Netherland, pp. 1-19.

*International Conference on Nonlinear Dynamics and Evolution Equations*, International Conference on Nonlinear Dynamics and Evolution Equations, -, St John's Canada.

*WEHIA 2003*, 8th Annual Workshop on Economics with Heterogeneous Interacting Agents, Institute of Economics, Keil, Germany, pp. 1-20.

*Bielefeld Workshop on Real-Financial Interaction*, --, Bielefeld, Germany.

*WEHIA 2003 - Annual Workshop on Economics with Heterogeneous Interacting Agents*, --, Keil, Germany.

*9th International Conference on Computing in Economics and Finance*, --, Seattle, USA.

*Quantitative Methods in Finance 2003 Conference*, --, Sydney, Australia.

*Quantitative Methods in Finance 2002 Conference*, Quantitative Methods in Finance 2002 Conference, Sydney and Cairns, Australia.

*Workshop on Economic Dynamics - CENDEF*, Workshop on Economic Dynamics - CENDEF, University of Leiden, The Netherlands.

*Asia Pacific Finance Association Conference*, Asia Pacific Finance Association Conference, Tokyo, Japan.

## Journal articles

*Journal of Empirical Finance*, vol. 32, pp. 19-34.

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*Journal of Empirical Finance*, vol. 31, pp. 1-17.

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*Journal of Banking and Finance*, vol. 53, pp. 140-157.

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*Journal of Economic Dynamics and Control*, vol. 61, pp. 245-268.

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*Journal of Economic Behavior and Organization*, vol. 105, pp. 1-16.

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*Journal of Economic Dynamics and Control*, vol. 48, pp. 349-373.

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*The European Journal of Finance*, vol. 19, no. 5, pp. 392-419.

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*Journal of Evolutionary Economics*, vol. 23, no. 3, pp. 609-639.

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*Annals of Finance*, vol. 9, no. 2, pp. 185-215.

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*Accounting and Finance*, vol. 52, no. 1, pp. 71-93.

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*Economics Letters*, vol. 116, no. 3, pp. 512-515.

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*Journal of Economic Behavior & Organization*, vol. 83, no. 3, pp. 446-460.

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*Macroeconomic Dynamics*, vol. 16, no. 4, pp. 556-575.

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*International Review of Finance*, vol. 12, no. 3, pp. 357-373.

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*Journal of Economic Dynamics and Control*, vol. 36, no. 7, pp. 973-987.

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*The European Journal of Finance*, vol. 17, no. 3, pp. 241-258.

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*Journal of Economic Dynamics and Control*, vol. 35, no. 1, pp. 148-162.

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*International Journal of Behavioural Accounting and Finance*, vol. 2, no. 2, pp. 101-139.

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*Journal of Economic Behavior & Organization*, vol. 76, no. 3, pp. 615-634.

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*Knowledge And Information Systems*, vol. 18, no. 2, pp. 183-192.

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*Physica A: Statistical Mechanics and its Applications*, vol. 388, no. 15-16, pp. 3164-3180.

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*Economic Modelling*, vol. 26, no. 6, pp. 1432-1442.

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*China Finance Review*, vol. 61, no. 2, pp. 61-89.

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*Quantitative Finance*, vol. 8, no. 1, pp. 59-79.

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*Physica A: Statistical Mechanics and its Applications*, vol. 387, no. 15, pp. 3837-3846.

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*Journal of Economic Dynamics and Constrol*, vol. 31, no. 10, pp. 3396-3426.

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*Applied Economic Letters*, vol. 14, no. 15, pp. 1131-1136.

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*Journal of Economic Behavior and Organization*, vol. 62, no. 3, pp. 408-427.

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*Chaos, Solitons and Fractals*, vol. 29, no. 3, pp. 535-555.

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*Physica A: Statistical Mechanics and its Applications*, vol. 370, no. 1, pp. 12-17.

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*Chaos, Solitons and Fractals*, vol. 29, no. 3, pp. 520-534.

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*Siam Journal On Applied Mathematics*, vol. 66, no. 6, pp. 2204-2205.

*Journal of Economic Behavior & Organization*, vol. 61, no. 4, pp. 750-768.

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*Journal of Economic Dynamics and Control*, vol. 30, no. 9-10, pp. 1729-1753.

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*Journal Of Economic Dynamics & Control*, vol. 29, no. 9, pp. 1577-1596.

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*The Journal of Asset Management*, vol. 5, no. 6, pp. 365-388.

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*Macroeconomic Dynamics*, vol. 7, no. 4, pp. 503-536.

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*Journal of Economics Dynamics and Control*, vol. 27, no. 3, pp. 503-531.

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*Computational Economics*, vol. 19, no. 1, pp. 95-132.

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*Dynamics Of Continuous Discrete And Impulsive Systems*, vol. 7, no. 2, pp. 177-187.

*Bulletin Of The Australian Mathematical Society*, vol. 60, no. 3, pp. 377-390.

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*Science In China Series A-mathematics Physics Astronomy*, vol. 42, no. 9, pp. 957-964.

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*Proceedings Of The Royal Society Of Edinburgh Section A-mathematics*, vol. 129, pp. 755-771.

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*Nonlinear Analysis-theory Methods & Applications*, vol. 35, no. 4, pp. 457-474.

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*Siam Journal On Applied Mathematics*, vol. 58, no. 4, pp. 1222-1236.

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*Tohoku Mathematical Journal*, vol. 50, no. 1, pp. 71-89.

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*Siam Journal On Mathematical Analysis*, vol. 29, no. 3, pp. 681-696.

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*Nonlinear Analysis-theory Methods & Applications*, vol. 31, no. 1-2, pp. 45-54.

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*Journal Of Mathematical Biology*, vol. 37, no. 3, pp. 253-271.

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*Siam Journal On Applied Mathematics*, vol. 58, no. 1, pp. 170-192.

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*Complexity International*, vol. 6.

*Journal Of Mathematical Analysis And Applications*, vol. 215, no. 1, pp. 154-173.

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*Acta Applicandae Mathematicae*, vol. 46, no. 3, pp. 247-266.

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*Journal Of Mathematical Analysis And Applications*, vol. 198, no. 2, pp. 355-370.

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*International Journal Of Systems Science*, vol. 26, no. 3, pp. 563-576.

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*Dynamics And Stability Of Systems*, vol. 9, no. 4, pp. 293-303.

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*Ieee Transactions On Neural Networks*, vol. 5, no. 6, pp. 998-1002.

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*Journal Of Mathematical Biology*, vol. 32, no. 5, pp. 395-426.

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*Physica D*, vol. 76, no. 4, pp. 344-358.

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*Mathematische Nachrichten*, vol. 164, pp. 219-237.

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*Mathematische Nachrichten*, vol. 164, pp. 23-36.

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*Houston Journal Of Mathematics*, vol. 17, no. 2, pp. 157-177.

*Glasgow Mathematical Journal*, vol. 33, pp. 281-286.

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## Other

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Quantitative Finance Research Paper Series*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydnet*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Quantitative Finance Research Paper Series*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*10th International conference on computing in economics and finance*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

*Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney*.

**Selected Peer-Assessed Projects**