Microcosmic Mechanism of the Influence of Investor´s Psychology and Behavior on Stock Price Volatility

Author

Chuang, Li

Author_Institution

Sch. of Econ. & Manage., Henan Polytech. Univ., Jiaozuo, China

fYear

2009

fDate

19-20 Dec. 2009

Firstpage

3

Lastpage

6

Abstract

BF (Behavioral Finance) is a branch of behavioral economics, mainly studies investor´s cognition, sentiment, attitude, and other psychological features, as well as inefficiency of securities market as a result of these psychological factors. Since BF came into the world, BF has shown wide development prospect. The paper synoptically introduced many achievements of BF, at the same time, analyzed the limitations of BF, finally, combing with the China´s securities market, the paper put forward some research direction and corresponding research method, which would provide new thoughts to better explain the complex characteristics of stock market.

Keywords

economics; investment; psychology; securities trading; China; behavioral economics; investor behavior; investor psychology; microcosmic mechanism; psychological factor; securities market; stock market; stock price volatility; Cognition; Decision making; Finance; Forward contracts; Investments; Portfolios; Pricing; Psychology; Security; Stock markets; behavioral feature; behavioral finance; complex system; continuous belief;

fLanguage

English

Publisher

ieee

Conference_Titel

Knowledge Engineering and Software Engineering, 2009. KESE '09. Pacific-Asia Conference on

Conference_Location

Shenzhen

Print_ISBN

978-0-7695-3916-4

Type

conf

DOI

10.1109/KESE.2009.8

Filename

5383636