Characteristics Of Non-rational Volatility And Its Reasons In The Real Estate Sector Of A-share Marker

With the development of behavioral economics theory, the traditional economics of the efficient market hypothesis was challenged. The irrational stock market is the best example of the vision.Behavioral economics is a good explanation of the vision in these markets. Specific to the stock market, widespread systematic bias of individual decision- making lead to irrational stock market volatility, caused by the loss of market efficiency. The direct cause of the irrational fluctuation of the market is widespread vision, and behavioral economics to explain the theory very well the existence of a market vision.Specific real estate section of the stock market, as in the special period of real estate, In the stock market, the irrational fluctuations is reflecting of the hot real estate sector. Our study confirmed significant existence of the negative scale effect and Calendar effect, those effects led to the existence of irrational market fluctuations. In the context of empirical research, Investor decision-making from the perspective of behavioral economics analysis of its reasons for its formation, so that people can understand what the individual decision-making process of systematic bias in the prevalence of, and how these deviations lead to market vision and eventually lead to irrational market fluctuations, To make people more rational decision-making, the market more efficient.