Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)

Analysis on the Relationship Between Investors and Stock Market Volatility Based on Behavioral Finance

Authors
Jiehui Li, Qiangwen Zeng
Corresponding Author
Jiehui Li
Available Online August 2018.
DOI
10.2991/jahp-18.2018.35How to use a DOI?
Keywords
CSAD; rational man; behavioral finance; herd behavior
Abstract

Nowadays, securities investment has become one of the important channels for Chinese household asset allocation. However, there are still many shortcomings in China's securities market. Therefore, the traditional "rational person hypothesis" is difficult to be established in the market. At this time, behavioral finance proposes that there is a herd effect in the process of securities trading in China. This paper in 2007-2008, 2014-2015 Shanghai 180 index as the data source, return the CSAD (cross sectional absolute deviation method to empirical study to test this idea, draw the conclusion: China's a-share market and the irrational factors in the process of this factor would lead investors to trade the enormous losses. Through the analysis of retail investors, institutional investors and securities market, the reasons for the irrational sheep flock effect in China's a-share market are followed by corresponding solutions from various aspects. Finally, this paper hopes to gradually guide the whole market to adhere to the value investment concept through various means.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
10.2991/jahp-18.2018.35
ISSN
2352-5398
DOI
10.2991/jahp-18.2018.35How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Jiehui Li
AU  - Qiangwen Zeng
PY  - 2018/08
DA  - 2018/08
TI  - Analysis on the Relationship Between Investors and Stock Market Volatility Based on Behavioral Finance
BT  - Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
PB  - Atlantis Press
SP  - 170
EP  - 176
SN  - 2352-5398
UR  - https://doi.org/10.2991/jahp-18.2018.35
DO  - 10.2991/jahp-18.2018.35
ID  - Li2018/08
ER  -