by Andrew W . Lo (Author), A . Craig Mac Kinlay (Author), Andrew W. Lo (Author), A. Craig MacKinlay (Contributor)
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.
Format: Paperback
Pages: 448
Edition: New edition
Publisher: Princeton University Press
Published: 26 Dec 2001
ISBN 10: 0691092567
ISBN 13: 9780691092560