这是因为基于动因的模型包含了可以放大微小影响的反馈机制,例如导致泡沫和崩溃的羊群效应与恐慌。
That is because ABMs contain feedback mechanisms that can amplify small effects, such as the herding and panic that generate bubbles and crashes.
该结论在很大程度上支持了基于羊群行为的有限理性资产定价模型。
This conclusion lies in line with the assets pricing model of bounded rationality based on herding behaviors.
商业银行信息羊群行为部分,首先建立了两参与人博弈模型。
In the discussion of informational herding, a model of two managers is set up.
采用一种利用资产定价模型因子载荷截面离散度指标测度羊群行为的新方法来检验上海股票市场是否存在以市场指数为领头羊的羊群行为。
A new approach is employed to test herding towards the market portfolio, which is based on the cross-sectional dispersion of the factor loading of asset pricing model within Shanghai stock market.
结合最新的资产定价模型和股票市场羊群行为检验思路,提出了股票市场理性与非理性羊群行为检验方法,并将股票市场羊群行为实证研究扩展到不同市场之间的比较。
This paper put forwards the measures of rational and irrational herding of stock market, which are used to compare the herding difference between different stock markets.
结合最新的资产定价模型和股票市场羊群行为检验思路,提出了股票市场理性与非理性羊群行为检验方法,并将股票市场羊群行为实证研究扩展到不同市场之间的比较。
This paper put forwards the measures of rational and irrational herding of stock market, which are used to compare the herding difference between different stock markets.
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