期货市场价格操纵行为与监管——基于演化博弈理论

Price Manipulation Behavior and Supervision in Futures Market: Based on Evolutionary Game Theory

从演化博弈理论的视角,基于微分方程的稳定性理论,通过分析中间参数的变化对博弈系统的最终演化均衡的影响,论证了期货市场联合操纵行为演化的方向和路径,并结合"有限理性"个体的假设进行模拟。最后,对期货市场价格操纵行为的监管提出了相关建议。

From the perspective of the evolutionary game theory,this paper analyzes the influences of variation of parameters on the ultimate evolution equilibrium of the game system,and demonstrates the evolution direction and path of price manipulation behavior in futures market.Then based on the assumption of individual with bounded rationality,it makes a simulation analysis.Finally,it puts forward relevant suggestions for the supervise of price manipulation behavior in futures market.