herding behavior 中文意思是什麼
herding behavior
解釋
羊群效應-
The analysis of chinese open - end funds herding behavior
我國證券市場開放式基金羊群效應研究 -
Empirical study on herding behavior of chinese securities investment funds
中國證券投資基金羊群行為的實證研究 -
The naissance of behavioral finance points out anther approach for herding behavior study so that it has become one of important branches of modern behavioral finance
行為金融學的誕生為羊群行為的研究另闢了蹊徑，羊群行為研究也就成為現代行為金融學的一個重要分支。 -
Herding behavior is one of baffling phenomenon that is called “ market anomaly ” on financial market. the traditional financial theories which base on “ rational investor ” hypothesis can ’ t give it a reasonable explanation
羊群行為是金融市場中「市場異象」之一，它難以用建立在「理性人」假設基礎之上的傳統金融理論進行合理解釋。 -
Herding is one of behavior finance ' s foci. many scholars show strong interest in it, make some concrete study of it and present several practical theories
羊群效應是行為金融學的一個重要研究方向，同時它也引起了國內外許多學者的興趣和研究，產生了許多有用的理論結果。 -
This article applies the across - sectional absolute deviation of return ( csad ), proves that there exists herding behavior on chinese stock market
採用橫截面收益的絕對差（ csad ）的方法，對我國股票市場是否存在「羊群行為」進行了實證研究，得到我國的股票市場中確實存在著羊群行為。 -
Afterwards, on the above foundation, the thesis empirically studies the influence of herding behavior on the volatility of stock price
並且在此基礎上，實證研究證券投資基金「羊群行為」對股價波動性的影響。 -
Herding behavior on the financial market is a non - rational action, it can bring negative effect on investors ' utility and stabilization on all markets
摘要金融市場中的羊群行為是一種非理性的行為，對于投資者的效用和整個市場的穩定都產生消極的影響。 -
Because of the information asymmetry between fundholders and fund managers, and on the premise of limited rationality and opportunism of each sides, fund managers ( agent ) ' s behavior will in many situations conflicts with the utility of fundholders, thus producing the agency problems under the structure of investment funds. the specific agency problems of investment funds may include : inefficient investing allocation arising from the adverse selection, and self - dealing, expense - shifting, related transactions, unreasonable risks, and herding behavior deriving from the moral hazard of fund managers
基金代理問題的主要類型有：由逆向選擇而引起的投資資源的分配無效率以及由基金管理人道德風險而產生的自易行為（ self - dealing ） 、費用轉移（ expense - shifting ） 、關聯交易（ relatedtransactions ） 、投資風險扭曲（ unreasonablerisks ）與從眾行為（ herding ） 。 -
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。 -
Fifthly, with the financial econometrics, especially the duration analyses and lsv testing technology, it systematically and empirically analyses the speculative bubbles and herding behavior in china ' s securities market, which makes it different from other qualitative and quantitative home researches
第五，採用金融計量經濟學工具，尤其是近年來發展起來的持續期分析和lsv檢驗技術，對中國證券市場投機泡沫和羊群行為進行實證分析和系統研究，有別于國內其它定性和定量研究的文獻。
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