B Malkiel, S Mullainathan… - Journal of Applied …, 2005 - Wiley Online Library
Two prominent economists—one the author of A Random Walk Down Wall Street and the other a leading scholar in behavioral finance—debate the current validity of the efficient …
EF Fama - The journal of finance, 1991 - Wiley Online Library
SEQUELS ARE RARELY AS good as the originals, so I approach this review of the market efflciency literature with trepidation. The task is thornier than it was 20 years ago, when work …
The nature and extent of our knowledge of stock market efficiency are examined. The development of “efficiency”, as a way of thinking about stock markets, is traced from Roberts …
K Daniel, S Titman - Financial Analysts Journal, 1999 - Taylor & Francis
We discuss why investors are likely to be overconfident and how this behavioral bias affects investment decisions. Our analysis suggests that investor overconfidence can generate …
P Fortune - New England Economic Review, 1991 - ideas.repec.org
This article assesses the current state of the efficient market hypothesis, which was the conventional wisdom among academic economists in the 1970s and most of the 1980s. It …
J Dow, G Gorton - The Journal of Finance, 1997 - Wiley Online Library
In a capitalist economy, prices serve to equilibrate supply and demand for goods and services, continually changing to reallocate resources to their most efficient uses. However …
AW Lo - Journal of Portfolio Management, Forthcoming, 2004 - papers.ssrn.com
One 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. However …
V Manahov, R Hudson - Expert Systems with Applications, 2014 - Elsevier
We developed various artificial stock markets populated with different numbers of traders using a special adaptive form of the Strongly Typed Genetic Programming (STGP)-based …
R Ball - Journal of Applied Corporate Finance, 2009 - Wiley Online Library
The sharp economic downturn and turmoil in the financial markets, commonly referred to as the “global financial crisis,” has spawned an impressive outpouring of blame. The efficient …