行为金融学的研究现状与展望

由心理学家和金融学家共同发展起来的行为金融学越来越引人注目,它以前景理论和各种行为金融模型为代表性成果,能有效分析金融市场中由于心理因素引起的投资者失误偏差和市场异象,是现代金融学理论的有益补充。未来的行为金融学如想成为现代金融理论体系的中心,或作为一门单独学科而存在,必须形成统一的理论基础、严密的分析范式、明确的研究主线、研究对象和研究方法以及建立新的基于行为的核心模型。

Research Overview and Future of Behavioral Finance

The emerging background,fundamental theory,important models and sophisticated relation with the normative finance for Behavioral Finance are analyzed in the paper,and then its profound logic and realization influence on academic development and economical practices are set forth.To develop an independent discipline in the near future,an unified theory system,rigor paradigm,subjects and methods must be established for Behavioral Finance with the most privileged core behavioral models.