【摘要】 将投资者的情绪纳入到证券投资的风险度量,提出了两种基于行为金融的认知风险度量方法,并建立了基于投资者情绪的认知收益模型,研究了认知风险和认知收益之间的关系。研究结果表明:投资者的认知风险和认知收益都与投资者的情绪有关并且两者呈现负相关关系,与标准金融理论中风险和收益的正相关关系相反。更多还原

【Abstract】 Two methods to measure perceived risk prosed and a model of perceived return based on investor sentiment is established,and the relationship between perceived risk and perceived return are studied in details.The results show that perceived risk and perceived return are related to investor sentiment.Moreover,there is a negative correlation between perceived risk and perceived return,which is contrary to the results of the standard finance theory.更多还原