| 信号有噪声时的证券市场羊群行为模型 |
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| 引用本文： | 黄宾,杨东进. 信号有噪声时的证券市场羊群行为模型[J]. 控制工程, 2004, 11(6): 555-558 |
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| 作者姓名： | 黄宾 杨东进 |
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| 作者单位： | 浙江水利水电专科学校,经济与管理系,浙江,杭州,310018;浙江水利水电专科学校,经济与管理系,浙江,杭州,310018 |
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| 摘 要： | 针对目前中国证券市场羊群行为重、市场主力的信号不确定的实际，通过假设市场封闭、简化交易过程和对象，建立市场信号有噪声时的羊群行为模型，并进行参数假设，求解模型的解，分析跟风行为对市场价格波动的影响。得出，羊群行为的存在增加了股票价格的波动。
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| 关 键 词： | 羊群行为 主力投资者 跟风投资者 正反馈策略 |
| 文章编号： | 1671-7848(2004)06-0555-04 |
| 修稿时间： | 2003-12-24 |
Herd Behavior Model of Noise Signal in the Securities Market |
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| HUANG Bin,YANG Dong-jin. Herd Behavior Model of Noise Signal in the Securities Market[J]. Control Engineering of China, 2004, 11(6): 555-558 |
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| Authors: | HUANG Bin YANG Dong-jin |
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| Abstract: | Herd behavior is common in the Chinese securities market at present. Leading investors receive the uncertain signal. Closed market is supposed to simplify the trade process and odjects. Establishs a herding model under noise signal of market is established. Through the parameter hypothesis, the price fluctuation formed by herd behavior is discusssed. The conclude is that herd behavior increases the price fluctuation of stock. |
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| Keywords: | herd behavior leading investors following investors positive feedback trading strategy |
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