摘要
本文通过理论分析和模型分析,说明了在行为金融框架下投资者套利行为所受到的限制,并用长期资产管理公司套利行为的经验和教训,论证了实际当中投资者套利行为所受到的限制。
In the view of behavioral finance,the limited arbitrage is discussed in this article both in theory and model.At the end,the experiences and lesson of arbitrage in Long Term Capital Management (LTCM) is discussed to illustrate the limit of arbitrage in real business field.
出处
《政治经济学评论》
2004年第1期167-174,共8页
China Review of Political Economy
