Evolutionary Game Theory and the Stock Market Investment Behavior

Abstract

From the perspective of evolutionary game theory, this paper studies the behavior of individual investors in the stock market and its influencing factors. On the basis of the traditional stimulus-reaction dynamic model, multiple linear regression analysis was introduced, and the OLS model was constructed, and the data of Chinese family financial survey (CHFS) was returned. The results show that in the numerous factors that affect individual investors return on investment, level of education has significant positive effect on stock returns, risk attitude and occupational factors are relatively weak, and the investment strategy, there is no significant impact on investment returns.