摘要
通过对我国房地产市场羊群效应与股票市场羊群效应的对比分析,从行为经济学角度探讨其中的行为心理成因,认为公众预期是这两个市场羊群行为的根本因素;同时,借助微分方程模型,对这两个市场进行均衡分析并给出了稳定性的条件针对当前我国房地产市场和股票市场的现状,提出了善用预期。
Based on the comparative analysis of the Sheep Flock Effect in China＇ s real estate market and stock market, this paper tries to explore the causes of psychology from the perspective of Behavioral Economics, and points out that public expectation is the fundamental factor that causes the Sheep Flock Effect in the two markets ; at the same time, it makes a balanced analysis of the stability of the conditions with the aid of the differential equation model. According to the present situations of China＇ s real estate market and stock market, policy suggestions are presented for making good use of public expectation and stabilizing the markets.
出处
《广东商学院学报》
2008年第2期34-39,46,共7页
Journal of Guangdong University of Business Studies
关键词
房地产市场
股票市场
羊群效应
预期
real estate market
stock market
the sheep flock effect
expectation
