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非有效市场的心理学解释 被引量:1

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摘要 在证券市场上,由于投资者在做决策时存在着典型性偏差、易获得性偏差、锚定和参照系偏差,使得投资者不可能像传统金融理论认为的那样完全理性地做出反应。投资者在反应时往往不是反应不足就是反应过度,所以面对的是一个非有效的市场。
作者 李小华
机构地区 武汉大学商学院
出处 《商业研究》 北大核心 2005年第19期19-22,共4页 Commercial Research
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