基于信息生态环境的期货市场多主体动态博弈研究

发布时间：2018-03-03 10:34

本文选题：期货市场　切入点：信息生态环境　出处：《长春工业大学》2015年硕士论文　论文类型：学位论文

【摘要】：我国期货市场成立于上个世纪90年代,自我国期货市场成立之日开始,期货市场就成为我国博弈论的重要研究领域之一,由于期货市场的信息不对称性、信息重要性与信息的集中性等特征都成为经济领域主要的研究内容,因此期货市场被视为最具博弈特征的交易场所。信息生态环境的期货市场多主体动态博弈是指在期货市场的投资主体、投资信息和投资环境三者处于均衡状态下,期货市场的监管层、期货公司、交易所、期货投资主体之间可视为理性经济人,三者为了各自的利益最大化,围绕着信息的真实性、完整性、及时性和有效性进行的动态博弈。本文主要以博弈论为重要的分析工具,结合国内外对期货市场多主体动态博弈的研究成果着重对期货市场组织者、市场中介、市场投资者、市场监管者之间的动态博弈进行着重研究,首先根据期货市场不同的参与主体间特点、性质、功能的不同,分析信息生态环境对不同参与主体所产生的不同影响。然后通过分析期货市场参与主体之间的动态博弈机理并结合相关理论进而构建出期货市场多主体动态博弈模型,进而更加深入、全面地了解信息生态环境下的期货市场多主体动态博弈,并且通过对动态博弈模型的分析得出相应结论。最后为使我国的期货市场能够更加健康、稳定的发展,对期货市场信息生态环境的不断优化提出现实有效的意见。
[Abstract]:China's futures market was founded in -10s. Since the establishment of China's futures market, futures market has become one of the important research fields of game theory in China, because of the information asymmetry of futures market. The importance of information and the centralization of information have become the main research contents in the economic field. Therefore, the futures market is regarded as the most characteristic trading place. The multi-agent dynamic game in the information ecological environment means that the investment subject, the investment information and the investment environment are in equilibrium in the futures market. The regulatory level of the futures market, futures companies, exchanges, futures investment subjects can be regarded as rational economic person, the three for their own benefit maximization, around the authenticity and integrity of the information, This paper mainly takes game theory as an important analysis tool, combined with the research results of multi-agent dynamic game in futures market at home and abroad, focusing on the futures market organizers, market intermediaries, market investors, The dynamic game between market regulators is studied emphatically. Firstly, according to the characteristics, nature and function of different participants in futures market, This paper analyzes the different influences of the information ecological environment on different participants, and then through analyzing the dynamic game mechanism among the participants in the futures market and combining the relevant theories, constructs the multi-agent dynamic game model of the futures market. Further deeper and more comprehensive understanding of the futures market multi-agent dynamic game under the information ecological environment, and through the analysis of the dynamic game model to draw the corresponding conclusion. Finally, in order to make the futures market of our country more healthy and stable development, This paper puts forward practical and effective opinions on the continuous optimization of the information ecological environment of futures market.
【学位授予单位】：长春工业大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F724.5

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