Study On Security Analyst From The View Of Behavioral Finance

The traditional finance theory stands on the hypothesis that human are rational and the market is efficient, which construct the theory of capital asset pricing. However, the real market behaves far away from this theory which behavioral finance best supplies with. Security analysts are easiest to research on. This paper try to introduce the fundamental things about security analysts which include the characteristics of analysts in China. Then I will try to study their ability of forecasting the market and try to give some illustration.