The Bounded Rationality Of Investors And The Risk Control In Our Stock Market

The study of behavioral finance is just beginning, but through the organic integration of psychology and the finance to analysis psychology of investor how to affect their decision-making and how to affect the trend of stock market supply new theoretical visual angle. This dissertation discusses the perspective of behavioral finance investor perception of limited rationality and decision rationality that explain the traditional financial theories can not explain some of the"vision".The current development of our stock market is still immature, compared other developed financial markets the irrational behavior of our investors are more severe. Whether individual investors or institutional investors, non-rational behavior performance is very serious. Therefore, in this case, it is very important that concentrate on behavioral finance analysis, to standard behavior of our investors, improve market efficiency. Compared with the general commodity market, the stock market is very risky, therefore, enhance risk awareness of investment in the implementation of effective risk control strategy to protect of investors, especially small and medium investors are very important. This dissertation through the behavioral finance theory, discusses the characteristics bounded rationality of our stock market investors, in order to discuss the risk of our stock market on the basis of the actual behavior of investors, and put forward appropriate risk control measures.