Results 211 to 220 of about 14,906 (244)
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Adaptive market hypothesis: evidence from the REIT market
Applied Financial Economics, 2013We tests two important implications for Real Estate Investment Trust (REIT) market efficiency from the adaptive markets hypothesis (Lo, 2004): first, market efficiency is not an all-or-none condition but is a characteristic that varies continuously over time; second, market efficiency is dependent upon market conditions. By using the automatic variance
Jian Zhou, Jin Man Lee
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Predictability of precious metals and adaptive market hypothesis
International Journal of Emerging Markets, 2019Purpose The purpose of this paper is to boost the existing literature on adaptive market hypothesis (AMH) as it first time links predictability of gold, silver and metal returns with AMH which permits the predictability of returns to vary over time. Design/methodology/approach To know whether commodity (gold, silver and metal) market is efficient or
Ahsan Zubair, Muhammad Naeem Shahid
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The Adaptive Markets Hypothesis
The Journal of Portfolio Management, 2004One of the most influential ideas in the past 30 years is the efficient markets hypothesis, the idea that market prices incorporate all information rationally and instantaneously. The emerging discipline of behavioral economics and finance has challenged the EMH, arguing that markets are not rational, but rather driven by fear and greed.
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The adaptive market hypothesis in the high frequency cryptocurrency market
International Review of Financial Analysis, 2019This paper investigates the adaptive market hypothesis (AMH) with respect to the high frequency markets of the two largest cryptocurrencies — Bitcoin and Ethereum, versus the Euro and US Dollar. Our findings are consistent with the AMH and show that the efficiency of the markets varies over time.
Chu, Jeffrey +2 more
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The Adaptive Markets Hypothesis
Abstract The Adaptive Markets Hypothesis (AMH) presents a new narrative that reconciles rational behaviour with periods of temporary financial insanity, and provides a formal and systematic exposition of the theory of the AMH and its many applications. In this narrative, intelligent but fallible investors learn from and adapt to changingAndrew W. Lo, Ruixun Zhang
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2019
The purpose of the study is to critically examine the empirical evidence of Efficient Market Hypothesis (EMH) that pose challenges to the concept of perpetual informational efficiency of financial markets and to provide a context in which a better understanding of behavioural biases can be attained through the evolutionary perspective provided by ...
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The purpose of the study is to critically examine the empirical evidence of Efficient Market Hypothesis (EMH) that pose challenges to the concept of perpetual informational efficiency of financial markets and to provide a context in which a better understanding of behavioural biases can be attained through the evolutionary perspective provided by ...
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Technology, Adaptation and the Efficient Market Hypothesis
SSRN Electronic Journal, 2019Tests of the efficient market hypothesis (EMH) suffer from a known flaw that has nevertheless received insufficient attention in the literature. Just as in Zeno’s famous paradox of Achilles and the tortoise, while we are testing market efficiency the measure of efficiency has already moved on.
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Adaptive Market Hypothesis (Study of Assumptions)
SSRN Electronic Journal, 2016Adaptive Market Hypothesis (AMH) embraces Efficient Market Hypothesis (EMH) as an idealization that is economically unrealizable, but which serves as a useful benchmark for measuring relative efficiency. AMH’s adaptability to changing dynamics of the market suggests that investors are potentially capable of an optimal dynamic allocation.
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Relevance and evolution of adaptive markets hypothesis: a review
Journal of Indian Business Research, 2016Purpose The purpose of this paper is to discuss the relevance and evolution of adaptive markets hypothesis (AMH) that has gained traction in the recent years, as it provides a dynamic perspective to the concept of informational efficiency. Design/methodology/approach This paper discusses several issues related to the concept of informationally ...
Raj S. Dhankar, Devesh Shankar
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Adaptive market hypothesis and evolving predictability of bitcoin
Economics Letters, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Khuntia, Sashikanta, Pattanayak, J. K.
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