Market Efficiency: Stock Market Behaviour in Theory and Practice - Couverture rigide

Couverture rigide

ISBN 10 : 1858981611 ISBN 13 : 9781858981611

Editeur : Edward Elgar Publishing Ltd, 1997

Synopsis

The Efficient Markets Hypothesis is one of the most controversial and hotly contested ideas in all the social sciences. It is disarmingly simple to state, has far-reaching consequences for academic pursuits and business practice, and yet is surprisingly resilient to empirical proof of refutation. Even after three decades of research and literally thousands of journal articles, economists have not yet reached a consensus about whether markets - particularly financial markets - are efficient or not.

These two volumes bring together the most influential articles surrounding the Efficient Markets Hypothesis debate, from Paul Samuelson’s pathbreaking proof that properly anticipated prices fluctuate randomly to Fischer Black’s study of noise traders, from Eugene Fama’s empirical implementation of the Efficient Markets Hypothesis to Robert Merton’s analysis of stock price volatility.

A propos du livre

À propos de l'auteur

Edited by Andrew W. Lo, Charles E. and Susan T. Harris Professor, MIT Sloan School of Management and Director, MIT Laboratory for Financial Engineering, Cambridge, Massachusetts, US

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 1997
• Langue: anglais
• ISBN 10: 1858981611
• ISBN 13: 9781858981611
• Reliure: Relié
• Nombre de pages: 1224
• Éditeur: Lo Andrew W.
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible