[1]彭旺明,汪霞云.投资心理偏差干预在证券投资学教学中的实证研究[J].金融教育研究,2017,(02):85.
　PENG Wangming,WANG Xiayun.The Empirical Research on the Investment Psychological Deviation Intervention in Securities Investment Teaching[J].,2017,(02):85.
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投资心理偏差干预在证券投资学教学中的实证研究()
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《金融教育研究》[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2017年02期
页码:
85
栏目:
出版日期:
2017-03-01

文章信息/Info

Title:
The Empirical Research on the Investment Psychological Deviation Intervention in Securities Investment Teaching
作者:
彭旺明;  汪霞云
九江学院 经济与管理学院,江西 九江 332005
Author(s):
PENG Wangming; WANG Xiayun
School of Economics and Management,Jiujiang University,Jiujiang,Jiangxi 332005,China
关键词:
投资心理偏差;  干预;  证券投资学;  教学研究
Keywords:
investment psychological deviation;  intervention;  securities investment teaching;  teaching research
分类号:
G712
文献标志码:
A
摘要:
行为金融学认为投资者有锚定效应、心理账户、侥幸心理、羊群效应、过度自信、后悔厌恶等心理偏差,它们都会影响投资者对证券内在价值的理性判断。根据证券投资学教学的特点,文章设计了投资心理偏差干预应用于证券投资学教学的实施方案,并组织了投资心理偏差干预的对比实验,结果显示:进行投资心理偏差干预后,实验组学生账户值标准差(2.39)远小于对比组学生账户值标准差(4.23),P值=0.000<0.05,证实经过行为金融学教学和投资心理偏差干预后,学生的理性投资行为有明显提高。
Abstract:
Behavioral finance considers investors have such psychological deviation as anchoring effect,mental accounts,fluky psychology,herd behavior,overconfidence and regret aversion,which will affect investors rationally judge on the intrinsic value of securities.According to the characteristics of securities investment teaching,the paper designed the implementation program which can help the investment psychological deviation intervention apply in securities investment teaching,and we organized the contrast experiments for investment psychological deviation intervention.The results showed that:after the psychological deviation intervention,the experimental group students’ account value standard deviation(2.39)was far less than the control group students’ account value standard deviation(4.23),and P=0.000<0.05.It confirmed that:after the behavioral finance teaching and investment psychological deviation intervention,the students’ rational investment behavior had improved obviously.

参考文献/References:

[1]陆剑清.行为金融学[M].北京:清华大学出版社,2013:25.
[2]Kahneman,D.,Tversky,A.Prospect Theory:An Analysis of Decision Under Risk[J].Econometrica,1979(1):263-291.
[3]Kahneman,D.,Slovic,D.,Tversky A.Judgment Under Uncertainty:Heuristics and Biases[M].New York:Cambridge University Press,1982.
[4]黄浩.中小投资者投资行为偏差的心理分析及对策思考[J].南通工学院学报(社会科学版),2003(2).
[5]许玲艳.基于情绪心理偏差的证券投资组合行为风险溢价模型[J].统计与决策,2011(6).

备注/Memo

备注/Memo:
收稿日期:2016-12-23基金项目:江西省教育科学“十二五”规划课题“心理偏差干预对证券投资实践教学效果的实证研究”(14YB110); 九江学院教改项目“投资心理偏差干预在《证券投资学》教学中的应用研究”(8500167)作者简介:彭旺明(1974-),男,安徽安庆人,讲师,研究方向为证券投资、行为金融学; 汪霞云(1985-),女,江西九江人,讲师,研究方向为资本市场投资。
更新日期/Last Update: 1900-01-01