November 2012
Intermediate to advanced
178 pages
4h 30m
English
Content preview from Econophysics
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Chapter 3
The Efficiency of Capital MarketsHypothesis or Approximation
3.1Introduction: Defining Market Efficiency
3.1.1 Criticism of the “Market Efficiency” Concept
3.1.2 Types of Market Informational Efficiency
3.2 Test of Market Efficiency
3.2.1 Weak from Tests
3.2.2 The Random Walk Model
3.3 Data and Procedure
3.4 Variability of Market Efficiency
3.5 Conclusions
Acknowledgments
References
3.1 Introduction: Defining Market Efficiency
The efficient market hypothesis (EMH) is getting new consideration in recent studies of financial markets in part due to the need for a baseline price model and in part due ...
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