The Affect that Robo-advisor to the Irrational Volatility in the Financial Market

In the background of fast progress of technology, people's research on artificial intelligence has become more and more deep, and In the area of finicial market, robo advisor has become more and more popular, and this article will base on systematic literature review method to analysis the development of robo-advisor on Chinese and foreign, the technoology that robo-advisor have in Chinese and foreign and the level of access permission openness affect on the irrational volatility in financial market, and the problem will meet if people use robo-advisor to reduce irrational volatility. Research has found, because of robo-advisor has restrict some part of people, and the level of permission access is not high as Amercia, robo-advisor in China still need investor participate in decision-making, cause some irrational volatility can't be solve by using robo-advisor, but robo-advisor in Europe and America has already have relatively mature level, with lower Thresholds for use, terms of use is more refine. Even if the information disclosure is relatively beneficial to investors, but it will cause irrational volatility if the service provider conceals the information or when a technical black box occurs. This article summarizes these viewpoints and analyzes ways to solve or reduce these problems, searching and summarizing the article since the robo-advisor made its debut, searching and draw related distribution map.