Rational Characteristics of Excessive Speculation in Chinese Stock Market
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摘要: 通过利用中信风格股票,研究证实了中国股市存在的过度投机性,并以此结合经济学关于理性与非理性的观点分析了中国股市投资者的行为类型及其特征,并揭示了投资者过度投机和有限理性产生的原因及其根源。Abstract: Using CITIC stock indices, the excessive speculating behavior in Chinese stock market is studied and verified. Based on it, the behavior features of Chinese stock investors are analyzed combining with the economics views about the rational and irrational. Also, the origins of the excessive speculating and limited rational of investors are revealed.
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Keywords:
- stock market /
- style stocks /
- speculation behavior /
- rational characteristics
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