Moral risk management of open-ended fund based on dynamic game

Based on the perspective of dynamic game, an analysis on the main performance of moral risks of open-ended fund is made and a multi-stage dynamic co-operation game model of open-ended fund is given as well. Then deep-seated reasons that have hindered cooperative game of several parties and caused moral hazards to the open-ended funds are listed. In the end, countermeasures and suggestions to reduce the moral risks of open-ended fund are put forward.