投资者情绪与中国股市价格互动关系分析-analysis of the interaction between investor sentiment and chinese stock market price.docxVIP

II II ABSTRACT According to the Behavioral Finance Theory : financial markets are inefficient thanks to the limited ration of investor. By introducing social behavior and cognitive psychology into financial research, the assumption of rational man in classical finance theroy is questioned. In fact, a lot of evidence shows that the decision by many investors are influenced by mental and emotional bias. Therefore, we urgently need a theory to explain the formation of this phenomenon. It is necessary to study this issue in depth. This paper selects the closed-end fund discount rate, number of new