计算实验金融理论及其在我国的应用前景

Computational Experiment Financial Theory and Its Application in Chinese Capital Market

计算实验金融理论是指在既定的市场结构下,应用计算机技术模拟资本市场投资者的行为来揭示市场宏观特性形成原因的一门金融学分支。基于Agent的计算实验金融理论的建模中主要考虑的因素有Agent、交易、证券、进化、基准和时间因素等六个方面。目前计算实验金融理论研究领域主要集中于股票市场与外汇市场。中国资本市场的独特发展阶段和结构特征决定了它具有为计算实验金融理论的发展做出特别贡献的广阔前景。

Computational experiment financial theory is a branch of finance which aims to reveal the macro-characteristics under the given market structure by applying computer technology to simulate investors＇ behavior. Agent-based model of this theory should takes into account such factors as agent, trading, securities, evolution, benchmarks and time. At present, its research scope is restricted in the stock markets and the foreign exchange markets. China capital market has the broad prospects for the development of computational experiment financial theory because of its special development stage and structure character.