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A PhD student from the University of Macau (UM) Faculty of
Business Administration received a first prize of the Best Paper Award at the 2016
annual conference of the Global Chinese Real Estate Congress (GCREC) held in
Hangzhou. Xu Ruihui’s paper, titled ‘Decisions of Real Estate Developers under
Uncertainty and Heterogeneous Beliefs’, stood out from nearly 400 papers
presented at the conference and received a first prize of the Best Paper Award.
Xu’s supervisor is Prof Rose Lai, associate dean for research and development of
the FBA. Co-organised by
the GCREC and Zhejiang University of Technology, the conference attracted over
800 experts and scholars from around the world. The Nobel laureate in
economics, Robert Merton, was one of the keynote speakers at the conference.
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