A Random Walk to Nowhere : How the Professors Caused a Real "Fraud-on-the-Market" /
Edward E. Williams, John A. Dobelman
- xviii, 178 pages : 20 cm
Includes bibliographical references and index
"This book is about an intellectual fraud, one that has become part of legal doctrine that has greatly influenced decisions all the way up to the United States Supreme Court. The "efficient market hypothesis" (EMH), born from the Random Walk theory, started out as an honest attempt to improve insights into how financial markets work, but eventually became almost a religion that every financial economist had to buy
9789811208355 RM79.90
Efficient market theory--Statistical methods--Mathematical models Random walks (Mathematics)