我國證券市場個人投資者與機構(gòu)投資者的博弈研究.pdf

1、遼寧師范大學碩士學位論文我國證券市場個人投資者與機構(gòu)投資者的博弈研究姓名：耿樂申請學位級別：碩士專業(yè)：應(yīng)用數(shù)學指導(dǎo)教師：張新立201205我國證券市場個人投資者與機構(gòu)投資者的博弈研究China’sStockMarketBetweenIndividualInvestorsAndInstitutionalInvestorsGameAnalysisAbstractAccordingtotheviewpointofgametheory，thes

2、ecuritiesmarketisefficientorinefficientstateregardlessofmarketparticipants，aretheresultofthegameIntherealityofthesecuritiesmarket，boththegain。edonotknoweachotherintheamountofcapitallevel，interventiontimerange，theholdingc

3、ost，leadinvestorsonlyinvariousuncertainbackgroundgamedecisionmakingChina’ssecuritiesmarketitselfisnotacompletelysymmetricinformationgame，thegametheoryknowledgeintoChina’Ssecuritiesmarket，withthegametheoryasthemaintoolsof

4、economiCanalysis，graspthemarketparticipantscharacteristicsofthegame，respectively，inasyrrmaetricinformationcondition，fromindividualinvestorsandinstitutionalinvestorsanglethroughtheestablishmentofstaticanddynamicgamemodel，

5、studiesonbothsidesoftheinw：strnentstrategy，andthenfindtheimpactofpolicyvariablespolicySecuritiesmarketisrelativelyfairgame，canimproveyield，improveefficiencyTherefore，fromtheperspectiveofinvestors’decisionmakingbehavior，u

6、singgametheoryastheanalysismethod，referenceanddevelopmentofcurrentdomesticandforeignscholarsaboutthefinancialmm：ketresearchandsummary，revealsChina’Ssecuritiesmarketontheexistenceofeconomicplaenomena，basedonindividualinve

7、storsherdingbehaviorofinstitutionalinvestors，aswellastoavoidpower，onthebehaviorofrevealstheimportanceofinformationdisclosure，thisalsOisthemainpurposeofthispaperThispaperdrawstheconclusion：thedevelopinginstitutionalinvest

8、orsarealsothebasisofmanagementshouldbestrengthened，atthesametimeasthesecuritiesmarketinvestmentpracticeprovidesdecisionmakingbasis，toprotecttheindividualinvestorhasrealisticguidingsignificanceThepaperisdividedintofivecha

9、ptersThefirstchapteranalyzesthebackground，researchprogress，themainresearchtoolandmaincontentThesecondchapteriStheindividualinvestorsundertheperspectiveofmarketstrategyresearch，thethirdchapteristheinstitutionalinvestorsun

10、dertheper’spectiveofmarketstrategy，inthefourthchapter，undertheconditionofinformatiorlasymmetryofindividualandinstitutionalinvestorsdecisionmakingresearch，thefifthchapteristheconclusionandtheprospectKeywords：Game；Security