M.S. (1990), Institute of System Sciences, Chinese Academy of Sciences, Beijing
B.S. (1987), Fudan University, Shanghai
1. Assistant Professor, School of Business, University of Northern British Columbia, 2002 to present
2. Assistant Professor, Department of Finance and Accounting, National University of Singapore, 1998- 2001
3. Quantitative Analyst, ING-Barings, 1997-1998
4. Assistant Professor, Department of Mathematics and Department of Economics and Finance, City University of Hong Kong, 1994-1997
1. An Entropy Theory of Value, Forthcoming in Structural Change and Economic Dynamics
2. On the Inconsistency between CAPM and the Utility Theory, Working paper
3. An Analytical Theory of Major factors in Economics, Working paper
4. The Scope of Validity of Modigliani and Miller Propositions, Working paper
5. On the forms of utility functions, Working paper
6. The Unity of Science and Economics: A New Foundation of Economic Theory, (2016), Springer
7. How Project Duration, Upfront Costs And Uncertainty Interact And Impact On Software Development Productivity? A Simulation Approach, With Li Liu and Xiaoying Kong, International Journal of Agile Systems and Management, (2015) Vol. 8, No. 1, p. 39-52.
8. Population, Migration, Living Standard and Social Pressure: A Modeling Approach from Thermodynamics, Interdisciplinary Description of Complex Systems, (2013), Vol. 11, No. 3, p. 345-349
10. A Common Framework for Evolutionary and Institutional Economics, (2012), with James Galbraith, Journal of Economic Issues, June, 2012, Vol. 46 Issue 2, p419-428, Excel file
11. Austerity and Fraud under
Different Structures of Technology and Resource Abundance, (2012). with James Galbraith,
12. Institutional Structures and Policies in an Environment of Increasingly Scarce and Expensive Resources: A Fixed Cost Perspective, (2011), with James Galbraith, Journal of Economic Issues, Vol. 45, No 2: 301-308. Excel file
13. The Entropy Theory of Mind and Behavioral Finance, (2011), ICFAI Journal of Behavioral Finance, Vol. 8, No. 4, 6-40.
14. Where is the Efficient Frontier, (2010), EuroEconomica, Vol 24, No 1, 22-26.
15. Book review of G. Leclerc, C. A. S. Hall (eds), Making world development work: scientific alternatives to neoclassical economic theory, (2009) Environment, Development and Sustainability, 11 (4), 929-931.
16. Internal firm structure, external market condition and
competitive dynamics, (2009), with
17. Understanding Social Systems: A Free Energy Perspective, (2009), Journal of Human Thermodynamics, 5: 1-6.
18. Languages and Cultures: An Economic and Evolutionary Analysis (2008), EuroEconomica, issue 2(21), 54-63
19. The Physical Foundation of the Mind, NeuroQuantology, 6 (2008), No. 3, 222-233
20. Ecological Economics: An Analytical Thermodynamic Theory, (2008) in Creating Sustainability Within Our Midst, edited by Robert Chapman, Pace University Press, 99-116.
21. The Informational Theory of Investment: A Comparison with Behavioral Theories, ICFAI Journal of Behavioral Finance, 4 (2007), No. 1, 6 - 31
22. Imperfect Market or Imperfect Theory: A Unified Analytical Theory of Production and Capital Structure of Firms, Corporate Finance Review, 11 (2006), No. 3, 19- 30
23. An Analytical Theory of Project Investment: A Comparison with Real Option Theory, International Journal of Managerial Finance, 2 (2006) No. 4, p. 354-363
24. A New Foundation of Economic Theory and its Application to Trade Analysis, In Trends in International Trade Issues, Eds.: Robert V. Weeks, p. 45-64, Nova Science Publishers, Hauppauge, NY, (2006)
25. The Physical Foundation of Economics: An Analytical Thermodynamic Theory, World Scientific, Hackensack, NJ (2005)
26. Information Theory and Market Behavior, ICFAI Journal of Behavioral Finance, 2 (2005), No. 4, 25 - 45
27. A Generalized Entropy Theory of Information and Market Patterns, Corporate Finance Review, 9 (2004), No. 3, 23- 32
28. Credit Distortion and Financial Crisis, International Review of Financial Analysis, 13 (2004) No. 4, 559-570
29. An Entropy Theory of Psychology and its Implication to Behavioral Finance, Financiele Studievereniging Rotterdam Forum, 6 (2003), No. 1, 26- 31
30. Derivative Securities: What They Tell Us? Quantitative Finance, 3 (2003), No. 5, C92 - C96
31. When the Bubble is Going to Burst, International Journal of Theoretical & Applied Finance, 2 (1999), No. 3, 285-292
32. Conservation Laws for Relativistic Fluid Dynamics. Archive for Rational Mechanics and Analysis, 139 (1997), No. 4, 377-398
33. Conservation Laws for the Relativistic p-system. Communications in Partial Differential Equations 20 (1995), No. 9-10,1605-1646
2. Presentation at ASSA meeting, Denver, 2011, Title: Institutional Structures and Policies in an Environment of Increasingly Scarce and Expensive Resources: A Fixed Cost Perspective.