Ph.D.(Univ. of Southern California)
M.A.(Univ. of Southern California)
B.A. (Univ. of Western Ontario)
Derivatives, Investments, Quantitative Finance, Risk Management and Insurance, Behavioral Finance, Real Estate Finance, International Finance
Risk Management and Financial Derivatives, Financial Engineering, Investments, Macroeconomics
Selected Academic Publications
Kong, Vivian Xiaowei, Chris Chung Ho Leung, Wai Man Tse, Teresa Xiaohong Zheng, 2011, “Price Clustering in Earning Announcements and Trading Time in Hong Kong Stock Market,” Investment Management and Financial Innovations.Vol. 8, number 1, 219-233.
Tse, W.M., Eric C. Chang, L.K. Li, and Henry M.K. Mok, 2008, “On the Pricing and Hedging of Discrete Dynamic Guaranteed Funds,” Journal of Risk and Insurance. Vol. 75, number 1, 167-192.
Huiwen Wang, Qiang Liu, Henry M.K. Mok, Linghui Fu, and W.M. Tse, 2007, “A Hyperspherical –Transformation Forecasting Model for Compositional Data,” European Journal of Operational Research. Vol. 179, 459-468.
Jin Peng, Henry M.K. Mok, W.M. Tse, 2005, “Fuzzy Dominance Based on Credibility Distributions,” Lecture Notes in Computer Science, Springer-Verlag GmbH, Vol. 3613 / 2005.
Tse, W.M., L.K. Li and K.W. Ng, 2001, “Pricing Discrete Barrier and Hindsight Options with the Tridiagonal Probability Algorithm,” Management Science, Vol. 47, Number 3, 383-393.
Tse, W.M., 1996, “Policy Implications in an Adaptive Financial Economy,” Journal of Economic Dynamics and Control, Vol. 20, 1339-1366.
Tse, W.M. and K.F. Cheung, 1996, “A Best-Fit Based Fuzzy Forecasting Algorithm: Principle and Formulation,” Control and Cybernetics, Vol. 25, Number 2, 234-252.
Lin, T.Y., W.M. Tse and R.H. Day, 1992, “A Real Growth Cycle with Adaptive Expectations,” in Dimitri B. Papadimitriou (ed.), Profits, Deficits and Instability, Macmillan, 349-367.
Tse, W.M., W.K. Leung, and Henry M.K. Mok, “Fixed-strike European Arithmetic Asian Options.”
Tse, W.M., Eric C. Chang, and Mark Schroder, “An Analytic Solution for Pricing American Options.”
Trained as a macro-economist, I started my career in investment banks working as analyst, portfolio manager and risk manager. When taking up the academic career in Hong Kong universities in the second stage of my career, I taught finance instead. That became my lifelong pursuit in my teaching and research interests. In 2006, I joined the Chu Hai College of Higher Education to spearhead the newly formed four-year honours undergraduate program in finance.