股市偏置信号集对上证综合指数的影响

2021 International Conference on Management, Economics, Business and Information Technology Pub Date : 2021-06-19 DOI:10.12783/DTEM/MEBIT2021/35637

Zeyuan Liu

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引用次数: 0

摘要

在反应过度和反应不足两种现象的基础上，将信号集的特征引入到模型中，研究投资者信号集偏差导致的金融市场价格偏差。本文得出投资者对低权重信息反应过度，对高权重信息反应不足的结论，并利用截面分析和时间序列分析验证了结果的正确性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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THE INFLUENCE OF BIASED SIGNAL SET ON STOCK MARKET—BASED ON THE SHANGHAI COMPOSITE INDEX

Based on the two phenomena of over and underreaction, this paper introduces the characteristics of signal set into the model, which studies the price deviation of financial market caused by investors' signal set deviation. The text concludes that investors overreact to information of low weight and underreact to information of high weight, and uses cross-section analysis and time series analysis to verify the correctness of the results.

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来源期刊

2021 International Conference on Management, Economics, Business and Information Technology

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