equity premium puzzle 中文意思是什麼
equity premium puzzle
解釋
溢價之迷-
Based on prospect effect and the idea of rational person, it develops a series of classic theories such as mpt, capm, apt, opt and so on. however, traditional financial theories ignore the analysis of investors ’ decision - making behavior, and they can ’ t explain a series of anomalous in financial market. at that time, behavioral economists and experimental economists put on a few of famous puzzled theories, such as equity premium puzzle and herding etc., which made a lot of challenge towards classic finance and economics
對典型的認知偏差? ?羊群行為、過度自信與保守和噪音交易等非理性行為進行論述,並探討相應的認知偏差產生的過程與原因,認為羊群行為會造成資產價格的偏離,投資者的過度自信會形成投資者的有限參與和保守心理,噪音交易行為具有生存空間,非理性投資者與理性投資者的博弈過程形成了動態的市場均衡。
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