参考点效应理论应用于巨灾债券定价的研究

现有的巨灾债券定价模型是基于标准金融理论建立的。本文认为,应综合运用标准金融理论与行为金融理论对巨灾债券定价加以研究,尤其要重视参考点效应理论的运用。本文就巨灾债券定价研究范式、参考点效应理论在巨灾债券定价研究中的运用、巨灾债券定价过程中参考价格的形成展开分析,希望本文的工作能有助于相关研究的开展。

Study on the Reference Point Effect Theory Used in Catastrophe Bond Pricing Method

The existing catastrophe bond pricing models are all based on the standard finance theory.The paper thinks that the study on pricing the catastrophe bond should be done by synthetically using standard finance theory and behav- ioral finance theory,and using of reference point effect theory should be especially paid more attentions.The paper has analyses on research paradigm of catastrophe bond pricing,effect of reference point effect theory being used in catastro- phe bond pricing method and composing of catastrophe bond' s reference price in pricing process.The author wishes that research production of the paper could accelerate progress of correlative studies.