CAJ | 학술논문

均值回归现象对理性经济人和有效市场假说提出了巨大的挑战,现有研究主要集中于均值回归现象的存在性及特征、行为解释与资产配置决策三个方面。通过对这一领域研究成果的总结和综述,发现在均值回归研究方法的科学性、均值回归现象的存在性以及涵盖范围等方面尚未形成统一意见,应进一步扩展均值回归现象的研究深度和广度。
균치회귀현상대이성경제인화유효시장가설제출료거대적도전,현유연구주요집중우균치회귀현상적존재성급특정、행위해석여자산배치결책삼개방면。통과대저일영역연구성과적총결화종술,발현재균치회귀연구방법적과학성、균치회귀현상적존재성이급함개범위등방면상미형성통일의견,응진일보확전균치회귀현상적연구심도화엄도。
Mean regression has put forward a great challenge to the rational economic people and efficient market hypothesis. Current research mainly focuses on three aspects of the existence of mean regression and its characteristics, behavior interpretation and asset allocation decision. Based on the research results reviewed and summarized, we can find that consensuses can not be formed, such as scientific of research method, existence and covers areas of mean regression. We should further expand the research depth and width of mean regression phenomena.