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Market efficiency
C/F/212. Theory of stock market efficiency and a brief discussion on Ray Ball's paper
- WORDS:
- 1500
- DATE:
- 2007
- PRICE:
- 19.99 GBP
This paper comments and lists the major points from Ray Ball's paper 'The theory of stock market efficiency: accomplishments and limitations'. We take a closer look at how the anomalies that exist across the efficient market hypothesis can either be worked out mathematically or simply taken as they stand in theory. A suggestion of Behavioural Finance is talked out as an alternative to certain discrepancies but the main question that still remains unanswered is this ? is it possible to have a theory without any flaw?
KEYWORDS: Stock market, efficient market hypothesis, extreme events, statistical models,
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WHAT OTHERS HAVE SAID
I've got the paper. It's really good andproven to be very helpful. Thanks.Mike
