代写论文-行为金融学

代写论文 行为金融学

根据文献,市场的过度和反应是基于投资者的心理原因。这一反应被发现是投资者保守主义的结果。这是基于事实,因为投资者对先前信息的反应与目前的信息不同,因为他们认为股票将会像以前一样发挥作用。

代写论文 行为金融学

研究发现,代表性偏差是行为金融学中导致过度反应的基本人类行为之一。这是作为投资者在最近的信息相信相同的业绩将会继续在未来和过高估计安全,并与失望导致的平衡。这种公开的、受人的反应,导致股市泡沫的出现、增长和破灭。

代写论文 行为金融学

According to the literature, the over and under reaction of the market is based on the psychological reasons of investors. The under reaction is found to be the result of conservatism from the investors. This is based on fact as the reaction of the investors on previous information is different than the present information as they believe the stock will function as it performed previously.

代写论文 行为金融学

It is found that the representatives bias is one of the essential human behaviours as per the behavioural finance that results in overreaction. This is performed as the investor with recent information believes the same performance will continue in future and overestimates the security and meets with the disappointment resulted by the equilibrium. This overt and under reaction, results in the stock market bubble to emerge, grow and burst.

论文代写-互联网泡沫

论文代写 互联网泡沫

由于航空、汽车比和电网的出现以及电子商务和互联网的出现,这一泡沫是基于对新技术发展的猜测。互联网泡沫的本质是建立在更大的傻瓜理论基础之上的,因为大多数人都希望在不调查股票和只依赖价格的情况下,高估的价格会继续上涨。最近股市泡沫的另一个例子是2008年的股市崩盘。

论文代写 互联网泡沫

金融理论: 根据有效市场假说,市场是理性的,股票价格反映了可用的信息。安全的价格随后根据新的信息而变化。然而,行为金融学指出,这个有效的市场并不能解释市场上出现的各种异常现象。行为金融学认为,市场异常是在平稳的股票市场格局中出现的异常现象和异常现象。

有效市场假说认为市场的范式与大量的理性个体利润最大化常常彼此积极竞争,试图预测未来市场价值的各种证券,和这一理论表明,基本信息是免费提供给投资者。

论文代写 互联网泡沫

This bubble was based on the speculation of the new technological development due to the emergence of aviation, automobiles ratio and electrical power grids and the emergence of e-commerce and internet. The nature of the dot-com bubble is based on the greater fool theory as the majority of the people invested in the hopes that the overvalued prices will continue to rise without investigating the shares and relying only on the prices. Another recent example of such stock market bubble is the Stock market crash of 2008.

论文代写 互联网泡沫

Financial theory: As per the efficient market hypothesis, the markets are rational in nature and the stock prices reflect the information that is available. The prices of the security subsequently changes as per the new information present. However, the behavioural finance suggests that this efficient market does not explain the various anomalies observed in the market. It is suggested by behavioural finance that the anomalies of market are abnormality and unusual occurrence within the smooth stock market pattern.
The paradigm of efficient market hypothesis suggested that market with large numbers of rational individual for profit maximization often competes actively with one another and attempts to predict the future market values of the various securities, and this theory suggest that the essential information is freely available to the investors.

美国物流学论文代写

美国物流学论文代写

坏消息理论意味着股票价格完全反映了当前的信息。1987年的市场崩盘可以被看作是基于自然的坏消息理论,因为理论的支持者暗示,在泡沫破裂的周末之前收集了大量的坏消息,这解释了价格的急剧下跌。文献表明,随着周末业务的结束,信息的可用性会在证券价格中得到整合。各种各样的新闻,如美元贬值、美国预算和贸易赤字、政治美国总统问题等,以及更多的原因导致了预期的进程。因此,该理论解释了股价的下跌。

美国物流学论文代写

另一种理论是对市场失灵的恐惧,市场机制失效的恐惧导致投资者在赎回之前就开始抛售证券,从而导致了预期的失败。这一理论提供了自我修正现象的例子。第三种是过度的套期保值理论,认为投资组合保险是一种对冲策略,增加了崩溃的幅度。两种类型的信息激励和信息自由投资者持续买入和卖出股票。当股票价格快速下跌,导致股票市场崩溃时,这是为确保投资组合的头寸进行保险和再平衡而采取的措施。

美国物流学论文代写

The Bad News Theory implies that the stock prices completely reflect the information present. The market crash of 1987 can be regarded as the bad news theory based in nature as the proponents of theory imply that the vast range of bad news was collected prior to the weekend of the bubble burst that explains the sharp decline in prices. It is suggested by the literature that the availability of information gets integrated within the prices of security as the business closes on the weekend. The variety of news such as the devaluation of dollar, twin U budget and trade deficits, political US presidential problems and more resulted in the reduction of the process that were expected. Hence, the theory explains the stock price decline. Another theory is the fear of market failure herein the fear of the market mechanism failure leads to investors towards unloading of securities prior to the callable that in result induced the anticipated failure. This theory provides with the example of self-correction phenomena.

美国物流学论文代写

Excess of hedging theory: The third is the excess hedging theory suggesting that the portfolio insurance as one of the hedging strategies increased the magnitude of crash. The two types of information motivation and information free investors continuously buy as well as sell the stocks. This is done for insuring and rebalancing the positions of their portfolio when the prices of equity declines rapidly and this causes the stock market to crash.