Study of Herding Behavior on China's Real Estate Market Price Fluctuations

摘要

In this study, the Beijing housing market is the research object. From the point of asset prices, using chang to put forward CSAD, refers to the DongZhiYong, HanXu ?s Generalized Capital Asset Pricing Model of the measurement method of the securities market behavior to the basic idea of the flock of empirical analysis. The empirical research shows that China's real estate price fluctuations exist serious herd behavior.