在受到因认知偏差的影响以及外界环境干扰下，投资者的行为必然发生偏差。
At the interference of environment and the influence of cognitive bias, the behavior of investors gets to be bias.
二是我国股市投资者的行为偏差是由于投资者的情感、认知、社会心理偏差等内在偏差和我国股票市场的制度缺陷等外部原因共同作用的产物；
The second, the behavior biases of our investors is outcome of the inner biases such as emotion , cognition , social psychological biases etc, and the outer system defects of our market.
投资者并不是以理性的态度做出决策，其行为不仅受到自身固有的认知偏差影响，同时还受到外界环境的干扰。
The investor does not do a decision with the rational attitude, whose behavior not only be influenced by his cognitive deviation but also be disturbed to the outside world.
行为金融的相关研究认为证券市场投资者存在各种认知偏差，从而导致对近期信息的过度反应。
Research in behavioral finance suggests that investors in stock market have many cognitive biases, thus tend to overreact to recent information.
该理论认为证券市场中的投资者属于“有限理性人”，其行为或多或少地存在着非理性，因而容易出现行为偏差。
In behavioral finance theory the investors in the security market are "Bounded rational People", whose irrational behaviors can, less or more, easily to cause behavioral deflections.
行为金融理论把经济学与心理学相结合，研究在不确定环境下，投资者在决策过程中的心理因素及其偏差行为对金融市场交易的影响。
Combining economics with psychology, behavioral finance theory studies the influence of psychological factors and behavior deviation to stock transaction on the uncertain environment.
此外，我国的机构投资者存在着“坐庄行为”偏差，个人投资者“盲目跟庄”严重。
More importantly, the Chinese institution investors have the special bias of "Being the banker" and the individual investors usually follow the banker.
处置效应是一种典型的投资者行为偏差，目前国外学者对其进行了广泛的研究，形成了很多观点和结论。
The disposition effect is a kind of investor's typical behavior bias. At present, a lot of scholars have studied on it extensively, and come to many standpoints and conclusions.
处置效应是一种典型的投资者行为偏差，目前国外学者对其进行了广泛的研究，形成了很多观点和结论。
The disposition effect is a kind of investor's typical behavior bias. At present, a lot of scholars have studied on it extensively, and come to many standpoints and conclusions.
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