Preferences, Beliefs, Information, and Security Prices

Author: Zhang Shengping
Publisher:
Publish Date: 2002-11-01
Features: The price fluctuations in the securities market are a hot topic of concern. This book takes the role of preferences, beliefs, and information in the determination of securities prices as the main thread, discussing the relationship between traders' preferences, beliefs, and information under complete and incomplete competition frameworks and the formation of equilibrium prices in the securities market as well as information efficiency. It analyzes the significant role played by the multidimensionality and richness of traders' preferences, beliefs, information, and uncertainty behind phenomena such as speculation, manipulation, herd behavior, and price bubbles. This book, with an academic research attitude, focuses on various behaviors occurring in the securities market, starting with the analysis of basic concepts and gradually clarifying the behavioral mechanisms behind the phenomena, making it highly valuable academically.
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Author: Zhang Shengping
Publisher:
Publish Date: 2002-11-01
Features: The price fluctuations in the securities market are a hot topic of concern. This book takes the role of preferences, beliefs, and information in the determination of securities prices as the main thread, discussing the relationship between traders' preferences, beliefs, and information under complete and incomplete competition frameworks and the formation of equilibrium prices in the securities market as well as information efficiency. It analyzes the significant role played by the multidimensionality and richness of traders' preferences, beliefs, information, and uncertainty behind phenomena such as speculation, manipulation, herd behavior, and price bubbles. This book, with an academic research attitude, focuses on various behaviors occurring in the securities market, starting with the analysis of basic concepts and gradually clarifying the behavioral mechanisms behind the phenomena, making it highly valuable academically.