证券市场“异象”的行为金融学解释及评介  

An Explanation and Appraisement of"Anomaly"in Securities Business by Behavioral Finance

作　　者：梁冰[1] 顾海英[1] 

机构地区：[1]上海交通大学,上海200030

出　　处：《东北林业大学学报》2004年第2期94-96,共3页Journal of Northeast Forestry University

摘　　要：通过对行为金融学领域有关过度反应和反应不足的四大理论模型 ,即BSV ,DHS ,HS和BHS的分析和评介 ,从投资者的认知偏差和投资行为的非理性角度诠释了证券市场异常行为产生的原因 ,并从投资者的角度提出基于上述异象的投资策略和建议。By analyzing and appraising the four theoretical models of BSV, DHS, HS and BHS on over-reaction and under-reaction in behavioral finance field, the reason that cause the appearance of'Anomaly'was interpreted from such aspects as mental bias and irrationalness of investment behavior. Some investment strategy and suggestions for investors were also put forward.

关 键 词：行为金融学 证券市场 异常现象 过度反应现象 反应不足现象 BSV模型 DHS模型 HS模型 BHS模型 中国 投资者 管理层 

分 类 号：F830.91[经济管理—金融学] F832.5