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在外汇市场的参与者当中,个体心理因素对投资或投机者的买卖决策行为产生着重要的影响,某些时候心里因素甚至可以左右参与者买卖决策。行为金融学的兴起为个体决策模型提供了有益的补充和完善。本文通过对行为金融学里的心理偏差和处置效应、过度自信、信息幻觉在外汇市场的作用三个方面进行阐述并得出的一些结论是一种积极和有益的尝试和探索。
Among the participants in the foreign exchange market, individual psychological factors have an important influence on the buying and selling decision-making behavior of investors or speculators. In some cases, the psychological factors may even affect the participants’ trading decisions. The rise of behavioral finance provides a useful supplement and improvement for the individual decision-making model. In this paper, some conclusions drawn from the three aspects of psychological deviation and disposition effect in behavioral finance, overconfidence, and information illusion in the foreign exchange market are positive and useful attempts and explorations.