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Item Details
Title:
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MARKET EFFICIENCY
STOCK MARKET BEHAVIOUR IN THEORY AND PRACTICE |
By: |
Andrew W. Lo (Editor) |
Format: |
Hardback |

List price:
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£543.00 |
We currently do not stock this item, please contact the publisher directly for
further information.
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ISBN 10: |
1858981611 |
ISBN 13: |
9781858981611 |
Publisher: |
EDWARD ELGAR PUBLISHING LTD |
Pub. date: |
1 January, 1997 |
Series: |
The International Library of Critical Writings in Financial Economics Series 3 |
Pages: |
1224 |
Description: |
These two volumes bring together some influential articles surrounding the Efficient Markets Hypothesis debate, one of the most contested ideas in all the social sciences. |
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. |
Publication: |
UK |
Imprint: |
Edward Elgar Publishing Ltd |
Returns: |
Returnable |
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