行为金融学对股市的解释Behavioral finances interpretation of the stock market.doc

行为金融学对股市的解释（Behavioral finances interpretation of the stock market） Behavioral Finance on the stock market.Txt30 explain the beauty of life, never to show her ahead; as beautiful trees, is displayed in its negative potential to touch the sky in the vigor; as beautiful eagle, is displayed in its fight to fly the wind and the rain as God in the soul; like the beautiful rivers. It is displayed in a flowing in the roaring waves. Behavioral finances interpretation of the stock market [reprint 2008.09.11, 18:36:11] Size: large, medium and small Are we averse to risk or loss? -- behavioral finances interpretation of the stock market (Part I) Whenever the stock market crashed, I saw friends with a heavy heart and asked their current positions. When the answer was full, I asked, why dont you keep some cash positions? Some people will answer, sell and chase, or simply hold. This is what we often say dream. Sell, not only in the stock market, often appear in other product markets. For example, in 2000, the electronic components market soared, the middlemen seized the opportunity to hoard, although manufacturers to step up production, but also can not meet customer needs, so push up prices. In the spring of 2001, the situation appeared in the bear market, by middlemen to sell big sell, even if manufacturers can not stop production, prices fell. However, some friends of the answer is even more interesting, we have these people stay in the market, but not set if ta. And they are in my eyes belong to the brain sober category, or, is very rational. Also, I have observed, they generally have short experience, somehow became to Mancang dead. To explain this phenomenon, Im afraid it must be explained by behavioral finance. Behavioral finance mainly analyzes some phenomena that can not be explained by rational economic models, so sometimes it is called a theoretical patrol. Patrol, Shiyibuque also. But I think behavioral finance is very explanatory, at least in the financial markets. E