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对市场噪声的研究是行为金融学的一个重要课题,噪声在现实的资本市场中是不可避免的。有效市场假说是现代金融学的开端,但它并不能很好的处理噪声问题,从而引起了人们对噪声交易理论的研究。噪声这一概念的引入对我国资本市场发展至差重要,由于我国资本市场处在快速发展的过程中,对噪声交易理论的研究能深入了解我国资本市场发展中遇到的问题。
The study of market noise is an important topic in behavioral finance. Noise is inevitable in the real capital market. Efficient market hypothesis is the beginning of modern finance, but it can not deal with the noise problem very well, which has caused people to study the theory of noise trading. The introduction of the concept of noise is very important for the development of China’s capital market. Because of the rapid development of China’s capital market, the study of the theory of noise trading can deeply understand the problems encountered in the development of China’s capital market.