资本市场复杂性理论研究现状及应用分析  

Analysis on the Research and Application of Capital Market Complexity Theories

作　　者：张大勇[1] 姜振寰[1] 高巍[1] 

机构地区：[1]哈尔滨工业大学管理学院,黑龙江哈尔滨150001

出　　处：《中国软科学》2005年第5期149-155,共7页China Soft Science

摘　　要：本文分析了以EMH为基础的经典资本市场理论的不足,揭示了资本市场的复杂性本质。以复杂性科学方法来研究资本市场的运作规律,分析了耗散、混沌、分形、协同、突变和标度理论对资本市场的研究领域和侧重点以及彼此间的相互联系,对各理论所取得的成果及存在问题进行了论述,并对复杂性科学在资本市场的发展方向进行了展望。The paper analyzes the shortcomings of classic capital market theories based on EMH and discloses the complexity essence of capital market. It studies the operation regulation of capital market with the complexity science method, and analyzes the applied realm, focal point and interrelationship of such theories as dissipative structure theory, chaos theory, fractal theory, synergistic theory, catastrophe theory and scale theory. It discusses the achievements and problems in each theory, and foretells the development direction of complexity science in capital market.

关 键 词：资本市场 复杂性 分形 混沌 标度理论 

分 类 号：F832.5[经济管理—金融学]