In the academic literature dynamic portfolio theory under transaction cost literature is
restricted to a continuous time framework which results in quasi-variational Hamilton-Jacobi …

The investment decision making in stock markets across the globe has become a
cumbersome task due to the frequent fluctuations in the stock prices and trade volume that …

Compared to developed foreign capital markets, the Chinese A-share market is not always
efficient. In most cases, noise trading by investors using misinformation does not generate …

The purpose of this article is to explain the 'passive investor puzzle'. Specifically, we aim to
explain why passive investors do not always behave as predicted by the efficient market …

The neoclassical finance theory suggests that investors act rationally and even if some
investors do not act rationally, their actions tend to offset each other. Sentiment is not …

文章研究了异质噪音交易者行为及其对资产价格和市场风险的影响机理. 研究结果表明,
当异质噪音交易者对资产的有偏预期普遍高于其平均水平时, 推动价格偏离资产基本价值 …

公元618-907 年是中国与阿拉伯古代贸易往来的重要时期. 当时的中国处于唐王朝统治时期,
阿拉伯地区则从穆罕默德传布伊斯兰教开始, 历经四大哈里发时代, 伍麦叶王朝和阿拔斯王朝 …