Preferences, Beliefs, Information, and Security Prices (Contemporary Economics)

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 the effectiveness of information. It analyzes the important roles played by traders' preferences, beliefs, information, and uncertainty in phenomena such as speculation, manipulation, herd behavior, and price bubbles. With an academic research attitude, the book 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.