中国股票市场经济学实验分析_英文_精选.docx

文章编号:100621037(2004)AnEconomicsExperimentAnalysesonChineseStockMarketLing1 , GAO Hong2wei2 ,QIAOHan2CHENG(1.Collegeofeconomics,QingdaoUniversity,Qingdao266071,China;2. Departmentofmathematics,Collegeofscience,QingdaoUniversity,Qingdao266071,China)Abstract:Theanalysestoeconomicsystemswereextendedtofields ofcooperativegames. Aprocessandmainresultsofaneconomicsexperimentincooperativegameswereintroducedby usingthemethodofeconomics experiments. Therewasdeviationbetweenparticipants’be2 haviorandtheoreticalanticipation. Themainreasontocausethedeviationwasplayers’de2 mandsforfairness. Comparedexperimental data with weight Banzhaf2coleman value and Shapleyvalue,itshowedthattherewasperfectconsistencybetweenexperimentaloutcomes andtheoreticalsolutionsby introducingconceptofweightBanzhaf2Colemanvalue.Keywords:cooperativegames;economicsexperiments;weightBanzhaf2colemanvalue;Chi2nesestockmarketCLCnumber:O225Documentcode:A1TheanalysesandintroductiononChinesestockmarket1.1TheshortcomingsanalysesonChinesestockmarketChinesesecuritymarkets,mainlyrefertostockmarket,wasestablishedin1990’s. TheestablishmentofShanghaisecurityexchangesofficewasasymbolof Chinesesecuritymarketcomingintoexistence. Comparedwithdevelopmentofsecuritymarketsindevelopedcountries,historyofChinesesecuritymarketisveryshort.Tosomeextent,Chinesestockmarketisamarketwhichdevelopedincompletelyanddeficiently. For exam2ple,listedcompaniescheatedthepublicon financialinformation,bankersmanipulatedstockpricesinthesecond market,listedcompaniescollaboratedwitheachothertocheatthepublicincompany’s profitandsoon. Author hadeverresearchedsomeofproblemsmentionedabove1 . Manipulatingstockspricesandtheirexchangeswas phenomenathat existedonlarge scale because supervisingstrengthandexperiencesare not enough. Thein2vestorsand investmentinstitutionsthathadpowerfulcapitalscaninfluence pricesofoneorsomestocksandtheir exchangesanddamagebenefitofothersmallinvestors.Asa”weatherglass”ofacountry’seconomicdevelopment,stockmarkets