Abstract: The existing domestic and foreign research on irrational behaviors’ impact on the development of security market is rare, especially on the correlation among regulators’ irrational behaviors’ influence on the development of Chinese securies market. Therefore, in order to further strengthen and promote China's securies market development, it is of great significance to discuss and research the irrational behaviors of securies regulators. This paper analyzed whether regulators have some kinds of irrational behavior and the correlation among illusion of control, random bias, bias between joint and isolated incidents adopting the method of psychology experiment and selecting securities market regulators and managers as subjects. Meanwhile, this paper used the method of questionnaire investigation, statistics processing, cluster analysis and the empirical research on securies regulators and enterprise managers.
Keywords: Securies Regulator, Control Illusion, Random Bias, Bias between Joint-isolated Incidents, Correlation
source:Finance & Trade Economics ,No5,2014