摘要
金融市场是一个复杂性系统,其中市场异象一直是金融界争论的焦点问题,行为金融理论从主观复杂性出发,引入了心理学、社会学的研究成果,以人的有限理性为前提,分析投资者的认知偏差,建立投资者行为模型,对现代金融理论体系形成巨大冲击。通过对金融复杂性的表现、行为金融的微观基础及理论模型的系统研究,可作出展望与评价。
Financial market is complex and heterogeneity is focused by financial academy, on which be-
havioral finance theory has great impact. Based on subjective complexity and limited rationality, behavioral
finance theory introduces psychology and sociology, analyzes cognitive bias of investors, and makes inves-
tors behavior models. This paper analyzes and evaluates financial complexity, micro foundations of behav-
ioral finance, and theoretical models.
出处
《经济理论与经济管理》
CSSCI
北大核心
2004年第9期20-26,共7页
Economic Theory and Business Management
