Carregant...
Fitxers
Tipus de document
ArticleVersió
Versió publicadaData de publicació
Llicència de publicació
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/212507
Market Impact Analysis of Financial Literacy among A-Share Market Investors: An Agent-Based Model
Títol de la revista
Director/Tutor
ISSN de la revista
Títol del volum
Recurs relacionat
Resum
Financial literacy has become increasingly crucial in today’s complex financial markets. This paper explores the impact of financial literacy on the stock market by establishing an artificial financial market that aligns with the characteristics of the Chinese A-share market using agent-based modeling. The study incorporates financial literacy into investors’ mixed beliefs and simulates their behavior in the market. The results show that improving individual investors’ financial literacy can improve market quality and investor performance, as well as reduce the unequal distribution of wealth to some extent. However, the phenomenon of speculative trading and irrational behavior in the market can pose potential risks that require regulatory measures. Thus, policy recommendations to improve individual investors’ financial literacy and establish corresponding regulatory measures are proposed.
Matèries
Matèries (anglès)
Citació
Col·leccions
Citació
ZHOU, Rongtian, XIONG, Xiong, LLACAY PINTAT, Bàrbara, PEFFER, Gilbert. Market Impact Analysis of Financial Literacy among A-Share Market Investors: An Agent-Based Model. _Entropy_. 2023. Vol. 25, núm. 12. [consulta: 7 de febrer de 2026]. ISSN: 1099-4300. [Disponible a: https://hdl.handle.net/2445/212507]