Results 261 to 270 of about 347,806 (306)

The Efficient Markets Hypothesis

1985
The importance of expectations in economic theory has been emphasised in chapters 1 and 2, and this importance is reflected in the empirical literature in economics involving expectations variables. In this chapter and the next we consider single-equation studies while macroeconomic models as a whole are examined in chapter 6.
K. Holden, D. A. Peel, J. L. Thompson
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Efficient Market Hypothesis and Polish Electricity Market

2018 15th International Conference on the European Energy Market (EEM), 2018
Since the Electricity Act from 1997, Polish energy sector has been liberalized. The introduction of an efficient electricity market was supposed to increase energy security and decrease the electricity price for final consumers. The article tests the Efficient Market Hypothesis developed by Eugene Fama to verify the development of the Polish ...
Izabela Filipiak, Piotr Filipiak
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The Efficient Markets Hypothesis

2007
Abstract The efficient markets hypothesis is ”the simple statement that security prices fully reflect all available information”1. Empirical tests of this hypothesis require a precise definition of the term fully reflect. A security is a saleable right to receive a sequence of payments.
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Rethinking the Efficient Markets Hypothesis

SSRN Electronic Journal, 2012
We develop an adaptive learning game to rethink the efficient markets hypothesis using the stochastically stable state of this game to characterize a richer set of market states than those suggested by the hypothesis. In particular, the model predicts that the economy may follow a path leading to bubbles.
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Infrastructure: The Efficient Market Hypothesis

2014
During the past several decades, the efficient market hypothesis (EMH) has been recognized as one of the basic building blocks of modern financial economics. Due to the profound effect of EMH on financial thought, researchers and practitioners nowadays perceive the rationale behind it as intuitive.
Doron Kliger, Gregory Gurevich
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Market Pricing Beyond the Efficient Market Hypothesis

SSRN Electronic Journal, 2006
The first part of this paper derives the Market Pricing Maxim (MPM): market transaction prices fully reflect available information. This is not the same as the efficient market hypothesis (EMH). The MPM holds whether prices are unbiased estimates of fundamental value, as the EMH hypothesizes, or whether prices depart from fundamental values, as ...
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EFFICIENT MARKET HYPOTHESIS

2016
Bu çalışmada Etkin Piyasalar Hipotezi teorik bazda incelenerek genel bir değerlendirme yapılmıştır. Borsalarda fiyat hareketlerinin rastgele oluştuğu ve tesadüfi dağılım gösterdiği için önceden tahmin edilemeyeceği düşüncesi Etkin Piyasalar Hipotezi olarak nitelendirilmektedir.
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Efficient Market Hypothesis: Limiti della Teoria Classica (Efficient Market Hypothesis: Limits of the Classical Theory)

SSRN Electronic Journal, 2005
Il principio della diversificazione rappresenta uno dei concetti fondamentali di cui si avvale la teoria della finanza. La sua applicazione in materia di gestione professionale di un portafoglio titoli costituisce una scelta obbligata. Il problema della ottimizzazione della struttura di portafoglio e collegato a quello della efficienza del mercato: l ...
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Efficient Market Hypothesis for Islamic Capital Markets

2019
This study has two important findings firstly, the theoretical results related to the efficient market hypothesis; and secondly, the results of application. The theoretical results show that if the market price of an asset includes all the information that influences its price, then that market is an efficient market.
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Efficient market hypothesis and the Stockholm exchange market

2018
Ο σκοπός αυτής της διατριβής αναπτύσσεται σε δύο μέρη. Αρχικά, εξοικειώνει τον αναγνώστη με την έννοια της υπόθεσης της αποτελεσματικής αγοράς μέσω της παρουσίασης του θεωρητικού υπόβαθρου της θεωρίας. Στη συνέχεια, παρουσιάζει ένα εμπειρικό παράδειγμα του τρόπου με τον οποίο η υπόθεση αποτελεσματικής αγοράς δοκιμάζεται έναντι της Χρηματιστηριακής ...
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