金融市场的进化动态与投资策略和参考点的异质性
Wen-Juan Xu1, Chen-Yang Zhong2, Fei Ren3
1School of Law, Zhejiang University of Finance and Economics, Hangzhou, China.
PloS one
|July 17, 2023
概括
不同类型的投资策略和参考点通过缓和价格波动来稳定股票市场. 不同的投资者行为可以防止极端的市场波动和交易停止,促进整体市场稳定.
科学领域:
- 行为经济学是一种行为经济学.
- 计算金融是指计算金融.
- 市场动态 市场动态
背景情况:
- 自然界和人类社会中的集体行为受到特征同质性和异质性的影响.
- 了解市场动态需要分析投资者策略及其对价格波动的影响.
研究的目的:
- 通过使用基于代理的模型,研究同质和异质的投资策略和参考点对股票市场价格波动的影响.
- 确定投资者多样性如何影响市场稳定和交易活动.
主要方法:
- 开发和应用一个基于代理的模型,结合对模式和参考点策略.
- 模拟市场场景与均质和异质投资者群体的模拟.
主要成果:
- 具有同质策略或参考点的市场表现出很大的价格波动.
- 具有异质策略或参考点的市场显示了温和的价格波动.
- 投资者的多样性减轻了极端的价格波动,并防止了无交易状态.
结论:
- 不同质的投资策略和参考点的共存对于股票市场的稳定至关重要.
- 投资者群体的异质性起到稳定因素的作用,防止过度波动和交易中断.
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