预期信念中含一般函数参数资本资产定价模型研究.pdfVIP

Advances in Applied Mathematics 应用数学进展, 2017, 6(3), 327-337 Published Online May 2017 in Hans. /journal/aam /10.12677/aam.2017.63038 A Pricing Model Research with the General Function Parameters in Expected Belief Yanping Bu, Ke Shi* College of Mathematics and System Sciences, Xinjiang University, Urumqi Xinjiang th st th Received: May 6 , 2017; accepted: May 21 , 2017; published: May 27 , 2017 Abstract In the classic asset pricing model theory, it is assumed that fundamental analysts’ expected belief prices will deviate from the long-term benchmark price but will eventually return to the bench- mark price in a certain period of time, and considering only the variance is a constant, in this pa- per the fundamental traders’ price volatility is not only affected by the current price of its influ- ence will from the current price but also the benchmark price of the deviation, and the chart ana- lysts believe the learning process of the future price forecast from the current price and the price of the price history, the historical process is a geometric decay process, historical information memory parameters as a constant, therefore, in this paper, we expect the memory parameter se- lection as a general belief function, which constructs the asset pricing model with general function parameters in the expected beliefs. Keywords Function Parameter, Local Asymptotic Stability, Historical Information Memory Parameter, Statistical Test 预期信念中含一般函数参数的资本资产定价模 型研究 卜燕平，师 恪* 新疆大学 数学与系统科学学院，新疆 乌鲁木齐 收稿日期：2017年5月6 日；录用日期：2017年5月21 日；发布日期：2017年5月27 日 *通讯作者。 文章引用: 卜燕平, 师恪. 预期信念中含一般函数参数的资本资产定价模型研究[J]. 应用数学进展, 2017, 6(3): 327-33