Analysis Of The Behavior Of Individual Investors In Securities Game | Posted on:2009-12-31 | Degree:Master | Type:Thesis | Country:China | Candidate:J Li | Full Text:PDF | GTID:2199360272459044 | Subject:National Economics | Abstract/Summary: | PDF Full Text Request | Traditional game theory and economic analysis methods have set a theory basic of rational person for a long period of time, but traditional economic "rational people" hypothesis is an idealization that can't accord for the practice and reflect security business.Differ with traditional game theory, behavioral Economics disclose irrational factors that influence selections with people's psychology and behavior character. Behavioral Economist put forward Behavioral Game Theory in order to meet with the short of rational people hypothesis of traditional game theory. Behavioral Game Theory takes people's irrational factors into account and research that people do or will do in practice.Penman explain individual investor's emotionality and irrational decision based on Behavioral Economics, Game Theory and research of Behavioral Game Theory to exposure the difference from individual investor and institutional investor and analyze individual investor's behavior.The structure of the thesis is as following:In the first chapter, the background and meaning of the research of individual securities investors will be brought forward as well as the main content, structure, creativity and problems need to improve.In the second chapter, the main relative theories and research results will be concluded, including the system of Behavioral Economics and Game Theory.In the third chapter, penman will analyze the trade character of Chinese securities investor with the actuality of Chinese market and cognitive biases.The fourth chapter is the practical application. The models of Behavioral Game Theory will deeply take apart trade behavior of individual investor.The last chapter will focus on some rational consideration to change the game rules and efficiency as well as some thinking about how to construct fair market and sostenuto healthily develop our finance market. | Keywords/Search Tags: | Behavioral Economics, Prospect Theory, Game Theory, rational people, individual investor | PDF Full Text Request | Related items |
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