行为金融中的处置效应文献综述

摘要

基于行为金融的视角对处置效应现象进行梳理,从对处置效应的解释、不同投资主体的处置效应以及异常收益的原因等三个角度对处置效应的国内外文献进行综述,从而建立了处置效应证据的框架。%The paper expounds the disposition effect from the perspective of behavioral finance,and reviews the relevant literature at home and abroad from three dimensions： the explanation of disposition effect,disposition effect of difficult investors as well as cause for abnormal returns and thereby establishes a framework for the disposition effect evidence.