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In 1985, DeBondt and Thaler write the article 'Does the stock market overreact?'.

目前,行为金融学成为各国学者研究的热点,也是一个难点。

"In some ways, we behavioural economists have won by default, because we have been less arrogant," says Richard Thaler of the University of Chicago, one of the pioneers of behavioural finance.

"在某些方面,我们行为经济学家被默认赢了,因为我们没有那么嚣张。"行为金融学先锋,来自芝加哥大学的Richard Thaler说。

In their paper,"The Geography of Investment: Informed Trading and Asset Prices," Tobias J.

在题为《投资地理学:内幕交易和资产价格》的学术论文中,芝加哥大学商学院金融学助理教授Tobias J。

In view of the urgent needs in the new era, the Department of Finance was established in 1995 with the mission of training topflight finance professionals.

财务金融学系著眼于大时代对财金菁英的殷切需求,于民国八十四年成立招生,致力于培育财金专业的一流人才。

Majorities of countries adopted market orientation and privatization method designed on mainstream economy and finance theory. As a result, the reform of state-owned bank in Europe mainland is successful while the reform of state-owned bank in transition economy is unprosperous with financial crisis.

各国的国有银行改革大多采用了基于主流经济学和金融学理论所设计的市场化和私有化改革模式,不过,改革结果却喜忧参半,欧洲大陆的国有银行改革较为成功,而转轨经济国家的国有银行改革并不顺利,多数都发生了严重的金融危机。

By building the artificial finance market and using thestatistic theories and methods,it explores the reasons that cause the abnormalphenomena from the micro level.This dissertation uses the methods of theAgent-based computational finance.The stock market is viewed as complex adaptivesystem consisting of many boundedly rational and dynamic heterogeneous traders.

基于Agent的计算金融学将金融市场看成由大量发生交互作用的经济主体组成的复杂适应系统,通过构建人工金融市场进行仿真模拟,并应用统计学的理论和方法,对模拟市场的整体性质及宏观规律作出微观解释,从而揭示金融异象的形成原因。

The theory of windows of opportunity abandons traditional financial hypothesis of efficient market and rational investors. It argues that when managers have private information of price misvaluation, they would prefer to issue equities to exploit such opportunities.

机会窗口理论突破了传统金融学有效资本市场以及理性投资者的假设,从信息不对称的角度出发,认为企业有能力发行定价过高的股票以获得超额收益。

The naissance and development of behavioral finance offers some new ideas for the development of traditional microstructure theory of financial market.

行为金融学的兴起和发展为传统金融市场微观结构理论的研究提供了一种新的思路。

Ultimately the palindromic arch-speculator, lured by another chance to meld philosophy and finance, may be trying too hard to make reflexivity work.

最终,索罗斯,这个全世界最主要的投机者,又遇到一个机会将哲学和金融学联系了起来,也许正因为他太卖力地推销自己的&反身性&理论反而使它无用武之地了。

According to Paola Sapienza, a professor of finance at Northwestern University in Illinois who is one of the paper's authors, that is just what has happened.

根据伊利诺伊州西北大学金融学教授,该篇论文作者之一, Paola Sapienza 所说,这正是曾经所发生的一切的根源。

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