摘要
传统金融理论与实证研究的结果存在着差异 ,引发人们对传统金融理论一系列假设的思考 ,导致行为金融理论的出现。行为金融是研究人们如何解释信息和采取行动的科学 ,它的研究表明投资者并不都是象数量模型中描述的那样以一种理性的、可预知的、无偏见的方式作出投资决策。行为金融理论是一个全新的金融学领域 ,本文综合已有的文献 ,总结行为金融理论研究的最新进展。
There are some discrepancies between the traditional finance (standard finance) theory and the results of the empirical evidence. The fact induces people to think a lot about the series of the assumptions of the traditional finance theory, resulting in the presence of the behavioral finance theory. Behavioral finance is a kind of science which studies how people explain information and take actions. It shows that the investors don't always act as a rational being, making their investment strategies in a predictable and unbiased manner. Behavioral finance theory is a relatively new field in economics that has become a 'hot topics' for investment professionals, so the paper centers on integrating the present documents, summing up the production of research.
出处
《财经理论与实践》
CSSCI
北大核心
2003年第1期48-52,共5页
The Theory and Practice of Finance and Economics
