推荐你几篇文章，希望能有用。上证的分析没做过。
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DeBondt, W. and Thaler, R. (1987), `Further evidence on investor overreaction and stock
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DeLong, J., Shleifer, A., Summers, L. and Waldmann, R. (1990), `Positive feedback and
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这些文章基本都看过了~~只是用EXCEL做出来的结果和这些文章的结果有较大的出入~~~Thank you for replying！！！ 你说没做过上证的实证，请问你做过别的股市的实证么？