行为金融理论述评

The Summary of Behavioral Financial Theory

行为金融理论是当前学术界广泛关注的一个新焦点。与传统意义上的现代金融理论的理性分析框架相比,行为金融认为非理性是人类根深蒂固的局限性,因而更注重人的实际心理和经济行为,从而为投资决策提供更现实的指导。本文拟对行为金融理论的研究成果做一梳理并对未来的研究指出方向,希望能为该领域下一步的深入研究提供参考。

Behavioral financial theory is a new focus in academic circles. Behavioral finance considers that Less-Perfect Rationality is limitation of human being forever and is different from modern financial theory. Behavioral financial theory research the actual mentality and economic behavior, it can give investors advice for investment policy. This paper is a summary of Behavioral financial research achievement. We hope provide the reference for the deep discussing.