Tests of the Efficient Markets Hypothesis
نویسندگان
چکیده
منابع مشابه
the washback effect of discretepoint vs. integrative tests on the retention of content in knowledge tests
در این پایان نامه تاثیر دو نوع تست جزیی نگر و کلی نگر بر به یادسپاری محتوا ارزیابی شده که نتایج نشان دهندهکارایی تستهای کلی نگر بیشتر از سایر آزمونها است
15 صفحه اولEfficient Markets Hypothesis : Developmental
Beginnings Bachelier (1900) was the earliest to correctly model Brownian motion mathematically. In 1900, he defended his thesis Théorie de la Spéculation about the use of Brownian motion in pricing stock options. He was truly before his time. In particular, he made the connection between random walk and Brownian motion in continuous time. The random walk has of course been a topic of intense in...
متن کاملNeural Networks and Financial Trading and the Efficient Markets Hypothesis
The efficient markets hypothesis asserts that the price of an asset reflects all of the information that can be obtained from past prices of the asset. A direct corollary of this hypothesis is that stock prices follow a random walk, and that any profits derived from timing the market are due entirely to chance. In the absence of any ability to predict the market, the most appropriate strategy—a...
متن کاملa review of tests on the weak form of efficient market hypothesis
the purpose of this article is to present the summary of all the research done on the weak form of efficient market hypothesis. these tests include normality test of return distribution, auto correlation test. run test and filter tests.
متن کاملInformation Aggregation in Common Value Asset Markets and the Efficient Markets Hypothesis
This paper studies information aggregation in pure common value double auctions with a continuum of traders. This trade environment captures some of the main features of prediction markets. The population includes both sophisticated and näıve traders whose bidding behavior is not influenced by opponents’ equilibrium strategies. Existence and uniqueness of monotone equilibrium prices is shown un...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Austrian Journal of Statistics
سال: 2016
ISSN: 1026-597X
DOI: 10.17713/ajs.v26i1.541