代写商科论文

代写留学生论文 市场价格

代写留学生论文 :市场价格

这个图表显示了两个线图。一行代表真正的标准普尔综合股价指数和其他线的事后理性价格标普指数。这里p显示实际价格和p *使用股息贴现模型是估计的价格。首次观察到,实际价格是非常不稳定的比估计的价格。向上运动,向下运动非常强烈。这意味着,当市场开始上升之间有巨大差异的估计价格和实际价格和类似的结论可以从图时向下运动。在图1910年和1930年期间,美国经济正在经历经济大萧条。在此期间可以看出标普指数下降了大量即市场崩盘。投资者对这一消息反应很差,因此市场下跌。然而据事后合理价格的下跌的图应该非常小的危机期间。这种差异可以看到在市场的崛起1950年的时期。市场上升到新高度,但价格合理建议的理论没有表明,市场应该上升到这样的新高度。有很多影响可以解释行为金融学理论。这部分的市场心理的帮助下可以解释人性,本文旨在实现。它会看不同的行为金融学理论,他们提出什么,如何与这些理论解释这些偏差的实际资产价格的资产主要是股票。行为金融学已被用于了解投资者再保险

代写留学生论文 :市场价格

This diagram shows two line graphs. One line represents real S&P Composite stock price index and other line is the ex post rational price of S&P index. Here p shows the actual price and p* is the estimated price using a dividend discount model. First observation is that the actual price is very volatile as compared to the estimates prices. The upward movement and downward movement are very strong. This means that when the markets start to rise there is a large difference between the estimated price and the actual price and similar conclusion can be drawn from the graph when there is a downward movement. In the graph between the period of 1910 and 1930 the US economy was going through the Great Depression. During this period it can be seen that the S&P index fell by a large amount i.e. the market crashed. The investors reacted very badly to the news and thus the market fell. However according to the graph of the ex post rational price the fall should be very small during the period of crisis. This difference can be seen in the rise of the markets too after the period of 1950. The markets rose to new high levels but the price suggested by the rational theory did not suggest that the market should rise to such new high levels.There are many implications which can be explained behavioural finance theory. This part of the market psychology can be explained with the help of the human nature and this paper aims to achieve that. It will look at the different behavioural finance theories, what they propose and how these theories can be linked to explain these deviations in the actual asset price of an asset mainly stocks. Behavioural finance has been used to understand how the investors react to losses and gains in the stock market. It proposes that the investors in the market are not rational and hence the standard economic theories are unable to explain the movement in the stock market. These theories do not take into consideration the human aspects and hence are insufficient to explain the movements in market. Sometimes even small news may result into large selling of the stock while good news may not result into buying of that same stock.