规则偏好对合作投资的影响-金融学专业论文.docxVIP

硕士学位论文 硕士学位论文 规则偏好对合作投资的影响 摘要 本文基于社会偏好理论，并结合个体合作投资日趋增多的实际，探讨了规则偏好对 合作投资的影响。从理论及实证两个方面分析规则偏好对合作投资的影响。 理论方面，分析了合作行为的效用模型、规则偏好对合作投资的影响机制及合作投 资水平的度量等，并由此提出理论假设。实证方面，采用经济学实验验证假设，借鉴公 共物品实验考察决策人的公共投资行为，以传统博弈实验为基础，进行部分调整，并在 合作投资前，设置两种规则场景供被试选择购买，按照购买筹码数额多寡测量规则偏好。 研究结果表明：个体确实存在规则偏好，规则偏好程度的大小因人而异，大多数个 体喜好某个规则不是基于对物质利益受益的考虑，而是对此类规则的本能喜好；协商约 定规则偏好程度越强，合作投资水平越高；处于自己偏好(喜欢)的规则场景中，其合 作投资水平将高于处于自己不偏好的规则场景时的合作投资水平；在全部小组成员均处 在偏好的规则场景的条件下，偏好协商约定规则的被试，其合作水平高于偏好上级规定 规则的被试；当合作者中存在不同的规则偏好时(即所有被试不分规则偏好被随机分配 进入某个规则场景)，其合作投资水平低于纯粹处于自己偏好(喜欢)的规则场景下的合 作投资水平；协商过程和小组内每个被试的实际合作投资额的显示与否对合作投资水平 的影响差异不明确。 关键词：规则偏好 合作投资水平 协商约定 上级规定 万方数据 Abstract Abstract 硕士学位论文 Abstract This thesis focuses on the effect of role preference on cooperative investment based on the theory of social preferences in combination with the increases of individual cooperative investments．The problem was analyzed from two aspects：theory and empirical analysis． The utility model of cooperation behavior,effect mechanism of rule effect on cooperative investment and the me踟emem of cooperation level were discussed and hypotheses were put forward．Based on public goods experiments，cooperation level Was measured and by setting two rules for subjects to buy,the amount of coins subjects bought represemed for rule preference level． Conclusions Can be drawn as following：First，an individual has rule preferences，which is largely based on the instinct preference to this kind of rule imtead of material benefits．Rule preferences vary诵th different individuals．Second，the higher level of rule preferences，the higher level of cooperative investment．Third，subjects invested more in the rule scene which they preferred then in the rule scene which they didn’t．Fourth，the subjects who preferred a伊eement by consultation invested more than the subjects