The nature of the mispricing was easy to see, yet it persisted for months 尽管这一现象显而易见,却一直持续了数月。
If they bail out banks that have mispriced risk, the mispricing will continue 如果决策者不让风险估价失误的银行破产,这个问题就会继续存在。
If they bail out banks that have mispriced risk, the mispricing will continue 如果它们对错估风险的银行挹注资金,那么这种错误就会延续下去。
Uncovering that mispricing may require specialised knowledge that few investors possess, creating profitable barriers to entry 但不是每个人都能在这里捞上一笔:发现这些定价偏差得靠专业知识,而掌握这些知识的投资者凤毛麟角。
This research tries to analyse and explore behavioral finance theory and its power to expain mispricing, and to study investment strategy 本文试图系统归纳、阐述、挖掘行为金融理论及其解释资产价格异常现象的能力并据此进行相关投资策略分析。
This implies that market forces act to correct the mispricing, but do so slowly, reflecting the sluggish functioning of the market for lending stocks 这表明市场力量趋向于修正不合理的定价,但这种修正是缓慢的,说明市场的作用在时间上有滞后性。
Chapter3 : shortcomings of standard finance and behavioral finance " s challenge . chapter4 : main theories and models of behavioral finance . chapter5 : behavioral finance " s explanations to asser mispricing 行为金融理论对作为主流金融学理论基石的有效市场假说进行了批驳与质疑;第四章行为金融的主要理论与模型。
During the recent boom in technology stocks, several cases emerged where the law of one price was violated, and high transaction costs limited arbitrage, allowing the mispricing to persist 最近在高科技股票大涨的过程中,出现过几个违反了单一定价的例子,而且由于高昂的交易成本限制了套利行为,因而导致不合理定价的现象持续存在。