A Non-Random Walk Down Wall Street

A Non-Random Walk Down Wall Street

by Andrew W . Lo (Author), A . Craig Mac Kinlay (Author), A. Craig MacKinlay (Contributor), Andrew W. Lo (Author)

Synopsis

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. This work puts the Random Walk Hypothesis to the test.

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More Information

Format: Paperback
Pages: 448
Edition: New edition
Publisher: Princeton University Press
Published: 26 Dec 2001

ISBN 10: 0691092567
ISBN 13: 9780691092560