{"width":"100%","published":"2026-03-06 10:51:12","blog_title":"\u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33","categories":[],"description":"\u2015\u2015\u306a\u305c\u5408\u7406\u7684\u6295\u8cc7\u5bb6\u306f\u5e02\u5834\u306e\u8aa4\u308a\u3092\u4fee\u6b63\u3067\u304d\u306a\u3044\u306e\u304b\u2015\u2015 1. \u554f\u984c\u306e\u51fa\u767a\u70b9 \u52b9\u7387\u7684\u5e02\u5834\u4eee\u8aac\u306e\u6839\u62e0\u306e\u4e00\u3064\u306f\u3001\u300c\u975e\u5408\u7406\u306a\u6295\u8cc7\u5bb6\u304c\u5b58\u5728\u3057\u3066\u3082\u3001\u5408\u7406\u7684\u306a\u88c1\u5b9a\u53d6\u5f15\u8005\u304c\u3059\u3050\u306b\u4fa1\u683c\u3092\u4fee\u6b63\u3059\u308b\u300d\u3068\u3044\u3046\u8ad6\u7406\u306b\u3042\u308b\u3002\u5272\u5b89\u306a\u3089\u8cb7\u3044\u3001\u5272\u9ad8\u306a\u3089\u58f2\u308b\u30d7\u30ec\u30a4\u30e4\u30fc\u304c\u5341\u5206\u3044\u308c\u3070\u3001\u4fa1\u683c\u306f\u5185\u5728\u4fa1\u5024\u306b\u53ce\u675f\u3059\u308b\u306f\u305a\u3060\u3002 De Long\u3001Shleifer\u3001Summers\u3001Waldmann\uff081990\uff09\u306e\u8ad6\u6587\u300cNoise Trader Risk in Financial Markets\u300d\u306f\u3001\u3053\u306e\u524d\u63d0\u306b\u6b63\u9762\u304b\u3089\u7591\u554f\u3092\u6295\u3052\u305f\u3002\u88c1\u5b9a\u53d6\u5f15\u306f\u672c\u5f53\u306b\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u306a\u306e\u304b\u3001\u3068\u3002 2. \u30ce\u30a4\u30ba\u30c8\u30ec\u30fc\u30c0\u30fc\u3068\u306f\u4f55\u304b \u30ce\u30a4\u30ba\u30c8\u30ec\u30fc\u30c0\u30fc\u3068\u306f\u3001\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3067\u306f\u306a\u2026","type":"rich","html":"<iframe src=\"https://hatenablog-parts.com/embed?url=https%3A%2F%2Fkyorosukeke.hatenablog.com%2Fentry%2F2026%2F03%2F06%2F105112\" title=\"\u30ce\u30a4\u30ba\u30c8\u30ec\u30fc\u30c0\u30fc\u30ea\u30b9\u30af\u3068\u88c1\u5b9a\u306e\u9650\u754c - \u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33\" class=\"embed-card embed-blogcard\" scrolling=\"no\" frameborder=\"0\" style=\"display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;\"></iframe>","version":"1.0","url":"https://kyorosukeke.hatenablog.com/entry/2026/03/06/105112","provider_url":"https://hatena.blog","provider_name":"Hatena Blog","author_url":"https://blog.hatena.ne.jp/kyorosukeke/","image_url":null,"height":"190","blog_url":"https://kyorosukeke.hatenablog.com/","author_name":"kyorosukeke","title":"\u30ce\u30a4\u30ba\u30c8\u30ec\u30fc\u30c0\u30fc\u30ea\u30b9\u30af\u3068\u88c1\u5b9a\u306e\u9650\u754c"}