CAJ | 학술논문

金融市场上的金融异象对传统金融理论的挑战，促进了行为金融学的兴起。行为金融学主要源自心理学，而在心理学领域有关个人判断的研究成果中，最重要的结论之一就是人的过度自信。本文在综合国内外学术文献的基础上，阐述了过度自信理论的产生背景和理论基础，并通过对国内外专家学者研究成果的梳理，揭示了过度自信情绪产生的原因和表现出的特征，以及过度自信对金融市场的主要影响。
금융시장상적금융이상대전통금융이론적도전，촉진료행위금융학적흥기。행위금융학주요원자심이학，이재심이학영역유관개인판단적연구성과중，최중요적결론지일취시인적과도자신。본문재종합국내외학술문헌적기출상，천술료과도자신이론적산생배경화이론기출，병통과대국내외전가학자연구성과적소리，게시료과도자신정서산생적원인화표현출적특정，이급과도자신대금융시장적주요영향。
The challenge of abnormal financial phenomenon on traditional financial theories in financial market promotes the rise of behavioral finance. It mainly arises from psychology. In the achievements of individual judgments in the field of psychology, one of the most important conclusions is man＇s overconfidence. Based on the review of the literatures home and abroad, this article expounds the background and theoretical foundations of the theory of overconfidence, and through combing the achievements of domestic and overseas experts and scholars, this article reveals the causes and features of overconfidence and its main influence on financial market as well.