A Non-Random Walk Down Wall Street
For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. C...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Princeton :
Princeton University Press
2008.
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| Colección: | EBSCO Academic eBook Collection Complete.
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| Acceso en línea: | Conectar con la versión electrónica |
| Ver en Universidad de Navarra: | https://innopac.unav.es/record=b31064218*spi |
| Sumario: | For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a sta. |
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| Notas: | Description based upon print version of record. Appendix A6: Proof of Theorems. |
| Descripción Física: | 449 p. |
| Formato: | Forma de acceso: World Wide Web. |
| ISBN: | 9781400829095 |
