国际等级机构标准普尔将美国长期信用等级由AAA降至AA+后，投资者对受此冲击的全球经济复苏仍然自信。
Investor confidence in a global economic recovery took a hit after international rating agency Standard &Poor's downgraded the US long-term credit rating from AAA to AA+.
繁荣期间，投资者过度自信，以致押注太大，过后才发现，自己根本无力偿付。
In a boom, overconfident investors take on bets that they later find themselves unable to discharge.
如果投资者在这方面更加努力一些，他们可能就更少的面对这些过度自信的连续企业家们。
If more potential investors did this due diligence, they might face less exposure to the overconfidence of serial entrepreneurs.
同时，利用DHS模型，进一步阐释了由于投资者的过度自信而导致最终IPO股票出现价格反转。
Moreover, we use the DHS model to demonstrate that it is investors 'overconfidence that leads to the price reversal of IPO stocks 'prices.
本文研究了过度自信的投资者在一个多阶段金融市场中是如何影响均衡价格和投资者要求的期望收益的。
The paper analyses how the overconfident investors can produce impacts on the equilibrium asset price and the expect return they asked for in a multi-period trade setting.
模型的分析结果表明，投资者的过度自信会限制套利者的套利行为。
Results show that the existence of risk for rational arbitragers and the investors' psychology overconfidence could limit the rational arbitrageur's behavior.
当存在模型不确定性且有限市场参与内生时，过度自信的投资者和理性投资者参与股票市场的程度有着不同的行为模式。
Limited participation can arise endogenously in the presence of model uncertainty, and overconfident investors enter the market differently from the rational investors.
当存在模型不确定性且有限市场参与内生时，过度自信的投资者和理性投资者参与股票市场的程度有着不同的行为模式。
Limited participation can arise endogenously in the presence of model uncertainty, and overconfident investors enter the market differently from the rational investors.
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