加拿大项目管理学代写论文
通过上述讨论和文献回顾，发现在认识到投资收益的机会时，股票市场泡沫基本形成。这个机会可以是基于新技术或新市场，而大多数投资者追随最初的投资者，比如行为。以下投资者在没有对股票进行个人分析的情况下进行投资，只是在成本上升的基础上购买。人们发现，股票价格的上涨提供了投资者继续购买股票和其他投资者以利用不断上涨的价格的动机。然而，在试图实现利润最大化的过程中，投资者的认同往往忽略了估值过高的问题。由于股票市场是动态运作的，它们与积极和消极的反馈有关。
因此，投资的积累形成了一个积极的反馈回路，并将投资对象纳入到价格波动中。然而，股票市场的自我调整或调整发生在价格的增加吸引投资者卖出股票并限制投资者以更高的价格买入股票的时候。由于市场上出现了积极的反馈，市场上出现了不均衡状态，投资者的恐慌导致了股票的卖出数量的增加，这种波动是有限的。这种经济价值高估导致价格降低到股票的内在价值。这可以从本文讨论的股市泡沫中得出结论。
It is established through the above discussion and review of the literature that the stock market bubbles are essentially formed when the opportunity for the investment profitability is recognised. The opportunity can be either based on new technologies or new markets and majority of the investors follow the initial investors in a herd like behaviour. The following investors make their investment without conducting their personal analysis on the stock and simply buy it on the basis of the rising cost. It is found that the rising prices of the stock provides with the motivation to the investors to keep buying the stock and other investors to capitalise on the growing prices. However, in the attempt to maximise the profits, the concern of the overvaluation is often ignored after identification by the investors.
Since the stock markets operate dynamically, they are related to the positive and negative feedback. Therefore, the accumulation of the investments creates a positive feedback loop and subjects the investments to the price volatility. Nevertheless, the self-adjustment or correction of the stock market takes place when the increment of the prices attracts the investors to sell the stocks and limits the investors to buy stocks at increased prices. The volatility is limited due to which when the positive feedback takes place in market, the state of disequilibrium is reached and the panic among the investors causes increased number of stocks to be sold. This economic value overvaluation causes the prices to reduce to the intrinsic value of the stock. This can be concluded for the stock market bubbles discussed in the paper.
