本文讨论了投资者心理和证券价格围绕期望事件发生波动的关系。我们集金融学、心理学和神经科学为一体,采用了一种多学科的研究方法,从金融学方面的事件研究阐明了围绕预期事件证券价格的异常运动现象;从神经科学方面论证了赢利预期和情感唤起的相关性;从认知心理学的角度为情感在投资者行为中的中心作用提供了证据。最后简要地介绍了基于BRSN模型的投资策略。 This article discusses the relationship between investor psychology and the volatility of security prices around expected events. Using a combination of finance, psychology and neuroscience, we have adopted a multidisciplinary approach that illustrates the anomalous movement around the price of the expected event from the financial aspects of incident studies. We have demonstrated the profit expectations from neuroscience And emotional arousal; from the perspective of cognitive psychology, it provides evidence for the central role of emotion in investor behavior. Finally, it briefly introduces the investment strategy based on BRSN model.