The DHS Model of Investor Confidence Based on Behavioral Consequent
Xu Yun · Journal of Shanxi Normal University · 2010
DHS Model describe two kinds of investor who have private information and open information,and their correlation between confidence psychology and behavior result.This model containes investor's overconfidence psychology and biased self-attribution psychology in the process of invest,and it explaines lots of abnormity phenomenon.In this paper we analyse investor's confidence level which affected by biased self-attribution in different phase and put forward loss probability of dynamic DHS model.