Risk asset pricing model and its application in the Chinese stock market based on noise traders
基于噪音交易者的风险资产定价模型及其应用

Loosening the assumption conditions that dividends of the risk asset is a constant and the dividend change in the noise traders' mind is just a pure normal distribution random process in the DSSW model,this paper sets up the stock market risk asset pricing models under the circumstances that there is only the rational investor and that there exist noise traders in addition to the rational investors respectively,and discusses the effect mechanisms of noise traders on the the stock market risk asset price and...