关于羊群行为的分析及在我国股市的实证检验

On the Analysis of Herding Behavior and Empiricat Test in Chinese Stock Market

本文首先对羊群行为作了一个简单的介绍,然后描述了羊群行为在金融市场上的几种模式。文章也对羊群行为给了个数字量度,在中国股票市场进行测试。

This paper first gives a brief introduction of researches on herding behavior. Then it describes some patterns of herding behavior in financial market. This paper also makes a mathematical measurement of herding behavior, and tests it on the Chinese stock market.