投资者偏好与政策是形成证券脆弱性的主要原因,在分析其成因的基础上,建立了证券市场投资者偏好与政策博弈模型,通过对投资者偏好和政策策略的博弈分析,推导出高风险方程和低风险方程,也就是投资者偏好与政策博弈的结果,在此基础上对博弈结果进行实证研究,并得出结论。 Investor preference and policy are the main reasons for the formation of the securities vulnerability. Based on the analysis of the causes, this paper establishes a game model of investor preference and policy in the securities market. Through the game analysis of investor preferences and policy strategies, Equations and low-risk equations, that is, the outcome of the game between investor preferences and the policy, on the basis of which an empirical study of the game results and draw conclusions.