Institutional Defects of China's Stock Market : Game Theory Analysis & Suggestions for Institutionalization 我国股票市场制度性缺陷博弈论分析及制度化建议
In a word, the stock market policy game analysis tries to illustrate that influencing the market might not be a wise choice for government's utility maximization. 从证券市场政策博弈的分析不难发现,政府调控证券市场往往无法实现自身效用的最大化。
In our country, even if it has clearly stipulated under the present situation of decentralized management, there is still bank funds enter the stock market in the game through various channels. 而在我国,即使已经明确规定分业经营的现状下,仍有银行资金通过各种渠道进入股市中博弈。
The appearance of stock market results from the game between all investors, and the selection of investors is the function of their information set. 股票价格的运行是全体投资者相互博弈的结果,而投资者的策略选择是其所拥有信息的函数。
Under the circumstance of unequal information, every participant of stock market is in a game to make the max profit for itself. 在信息不对称的条件下,证券市场中各个参与人进行博弈,以寻求自身利益的最大化。