本文着眼于中国的特殊背景，在简单实证分析的基础上总结中国股票价格泡沫的成因和风险防范。
This article focuses on China's special background, on the basis of simple empirical analysis to sum the causes of China's stock price bubble and risk prevention.
课程将主要讲授资产定价中一些重要问题，如股票估价，股票价格泡沫，共同基金的表现，以及贝叶斯理论在金融中的应用。
This course will mainly focus on some important issues in asset pricing, such as valuation, stock price bubbles, mutual fund performance, and Bayesian theory in finance.
在日本近年来的记忆中没有哪件事能如1990年后的信用膨胀泡沫的爆破和股票价格的暴跌那样来的更令人印象深刻。
NO EVENT is seared upon Japan’s recent memory like the bursting of the country’s credit-inflated bubble in land and share prices after 1990.
一个我俩共同的朋友警告他说：小心股市泡沫，但我的室友只是指出股票价格在不断地上升。
A mutual friend warned him of a stock bubble, but my roommate just pointed to the way the stock kept rising and rising.
经济学人？的“泡沫导向”(见曲线图)，与历史上的股票几次大幅度的增长相比较，中国近期股票价格的增长相对还是适度的。
For according to the Economist's "Bubble guide" (see chart), China's recent share-price boom is still relatively modest compared with the giants of history.
股票价格上升是因为美联储不是挤泡沫，而是吹泡沫。
Stocks rose because the Federal Reserve, rather than acting to let air out of the bubble, was pumping it in.
股市泡沫是股票价格持续上涨导致其市场价格高于基础价值的经济现象。
Stock bubble refers to the economic phenomenon that the market price of a stock gets higher than its basic value after continual rises of prices.
股市泡沫是股票价格持续上涨导致其市场价格高于内在价值的经济现象。
Stock bubble refers to the economic phenomenon that the market price of a stock gets higher than its fundamental value after continual rises of prices.
我能想像到它所产生的重大问题，例如，政策是否加大了房地产和股票价格的泡沫，或者爆发范围更广的通货膨胀。
I could imagine this producing significant problems, for example, if the policy has helped fuel a bubble in real estate or stock prices that later collapses, or if inflation breaks out more broadly.
借助信号滤波器原理，我们甚至可以利用该模型估计出股票价格中泡沫的含量。
Resorting to signal filter principle, the model even could estimate how much bubble exist in the price. The main academic contributions are provided as follows.
股票价值直接或间接表现为股票价格，股票市场价格偏离内在价值一般呈现两种动态演变过程，即价格泡沫和均值回复。
Stock value is represented by stock price directly or indirectly. After market price deviates from its intrinsic value, it will follows a dynamic moving process, either bubble or mean reversion.
股票价值直接或间接表现为股票价格，股票市场价格偏离内在价值一般呈现两种动态演变过程，即价格泡沫和均值回复。
Stock value is represented by stock price directly or indirectly. After market price deviates from its intrinsic value, it will follows a dynamic moving process, either bubble or mean reversion.
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