本文選題：行為金融 + 連續(xù)滲流�。� 參考：《天津大學(xué)》2012年碩士論文

【摘要】：行為金融理論是自20世紀80年代興起的金融學(xué)說，目前是西方國家金融研究和實踐的前沿領(lǐng)域，它突破了現(xiàn)代金融理論嚴格而偏離現(xiàn)實的假設(shè)條件，吸收了現(xiàn)代心理學(xué)的研究成果，使金融學(xué)研究建立在現(xiàn)實的假設(shè)條件上，從而開辟了金融學(xué)研究的新世紀．連續(xù)滲流模型源自統(tǒng)計物理學(xué)，被引入到信息傳導(dǎo)模型的研究之中，實現(xiàn)了信息傳導(dǎo)對投資者決策影響的量化分析． 首先，論文回顧了行為金融理論的產(chǎn)生歷史與發(fā)展過程，介紹了目前行為金融和連續(xù)滲流模型的研究現(xiàn)狀．文章系統(tǒng)地闡釋了行為金融學(xué)的理論基礎(chǔ)和模型以及行為金融理論對于實際市場異常現(xiàn)象的解釋，并引入了基于行為金融學(xué)的股市信息理論． 之后，論文在分析投資者行為方式的基礎(chǔ)上，，利用連續(xù)滲流模型，構(gòu)建了股市信息傳導(dǎo)模型．在市場非完全有效和投資者有限理性的假設(shè)前提下，將行為金融分析得出的投資者反應(yīng)模式引入信息傳導(dǎo)的滲流模型，使這一模型能夠更有效的解釋市場現(xiàn)象． 最后，論文進行了數(shù)值模擬，討論了模型中參數(shù)意義與作用．將實際數(shù)據(jù)與行為金融模型與傳統(tǒng)模型的模擬結(jié)果進行對比，得出了資本市場中的異�，F(xiàn)象更加合理的解釋，以分析結(jié)果為依據(jù)得出市場發(fā)展趨勢和市場有效化的方法．
[Abstract]:Behavioral finance theory is a financial theory since 1980s. It is the frontier field of financial research and practice in western countries at present. It breaks through the strict and unrealistic hypothetical conditions of modern financial theory. It absorbs the research results of modern psychology and makes the financial research based on realistic hypothetical conditions, thus opening the new century of finance research. The continuous seepage model is derived from statistical physics and is introduced into the research of information transmission model, which realizes the quantitative analysis of the influence of information transmission on investors' decision-making. Firstly, the paper reviews the history and development of behavioral finance theory, and introduces the current research status of behavioral finance and continuous seepage model. This paper systematically explains the theoretical basis and model of behavioral finance and the explanation of the abnormal phenomenon of real market based on behavioral finance theory, and introduces the stock market information theory based on behavioral finance. Then, based on the analysis of investor behavior, a stock market information transmission model is constructed by using continuous seepage model. Based on the assumption that the market is not completely efficient and the investors are limited rational, the investor response model derived from behavioral financial analysis is introduced into the seepage model of information transmission, which can explain the market phenomenon more effectively. Finally, numerical simulation is carried out, and the significance and function of the parameters in the model are discussed. By comparing the actual data with the simulation results of the behavioral financial model and the traditional model, the abnormal phenomena in the capital market are explained more reasonably, and the trend of market development and the method of market efficiency are obtained on the basis of the analysis results.
【學(xué)位授予單位】：天津大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F224;F832.51

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相關(guān)期刊論文 前2條

1 王寧,王軍;基于連續(xù)滲流的股市指數(shù)波動模型[J];北京交通大學(xué)學(xué)報;2004年06期

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