語系:
繁體中文
English
說明(常見問題)
回圖書館首頁
手機版館藏查詢
登入
回首頁
到查詢結果
[ subject:"Efficient market theory- Mathematical models." ]
切換:
標籤
|
MARC模式
|
ISBD
A random walk to nowhere = how the p...
~
Williams, Edward E.
FindBook
Google Book
Amazon
博客來
A random walk to nowhere = how the professors caused a real "fraud-on-the-market" /
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
A random walk to nowhere/ Edward E. Williams, John A. Dobelman.
其他題名:
how the professors caused a real "fraud-on-the-market" /
作者:
Williams, Edward E.
其他作者:
Dobelman, John A.
出版者:
Singapore ;World Scientific, : c2020.,
面頁冊數:
1 online resource (196 p.)
內容註:
Preface -- Fraud, lies, and statistics -- The early history of modern financial economics -- The birth of the efficient market hypothesis -- Earlier views of market efficiency -- The impact of information and regulation on market efficiency -- Tests of the EMH -- Anomalies -- The capital asset pricing model -- Beyond the CAPM -- Conclusions -- References.
標題:
Efficient market theory - Statistical methods. -
電子資源:
https://www.worldscientific.com/worldscibooks/10.1142/11484#t=toc
ISBN:
9789811207792
A random walk to nowhere = how the professors caused a real "fraud-on-the-market" /
Williams, Edward E.
A random walk to nowhere
how the professors caused a real "fraud-on-the-market" /[electronic resource] :Edward E. Williams, John A. Dobelman. - 1st ed. - Singapore ;World Scientific,c2020. - 1 online resource (196 p.)
Includes bibliographical references and index.
Preface -- Fraud, lies, and statistics -- The early history of modern financial economics -- The birth of the efficient market hypothesis -- Earlier views of market efficiency -- The impact of information and regulation on market efficiency -- Tests of the EMH -- Anomalies -- The capital asset pricing model -- Beyond the CAPM -- Conclusions -- References.
"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 into, or risk professional crucifixion. The EMH began over a half century ago. It posits that share prices reflect all available market information, and that it is impossible to consistently outperform the market. This theory dominated research in the academic financial community from the outset, and has continued to do so for decades. Meanwhile, the evidence for above-average profit-making opportunities in the markets has been unfairly suppressed. Written for practitioners in the business, finance and legal industries, this book outlines the major issues that gave rise to the fraud, focusing on the role of statistics in the rise of what the authors call the "New Finance." It details the developments and results of the exclusion of other theories from efficient markets research and highlights the problems arising from a dogmatic adherence to EMH"--Publisher's website.
Mode of access: World Wide Web.
ISBN: 9789811207792Subjects--Topical Terms:
738611
Efficient market theory
--Statistical methods.
LC Class. No.: HG4915 / .W55 2020
Dewey Class. No.: 332.01/5195
A random walk to nowhere = how the professors caused a real "fraud-on-the-market" /
LDR
:02810cmm a2200337 a 4500
001
2247989
003
WSP
006
m o d
007
cr cnu---unuuu
008
211227s2020 si ob 001 0 eng d
010
$z
2019042755
020
$a
9789811207792
$q
(ebook)
020
$a
9811207798
$q
(ebook)
020
$z
9789811207785
$q
(hbk.)
020
$z
981120778X
$q
(hbk.)
020
$z
9789811208355
$q
(pbk.)
020
$z
9811208352
$q
(pbk.)
035
$a
00011484
040
$a
WSPC
$b
eng
$c
WSPC
050
0 0
$a
HG4915
$b
.W55 2020
082
0 0
$a
332.01/5195
$2
23
100
1
$a
Williams, Edward E.
$3
773732
245
1 2
$a
A random walk to nowhere
$h
[electronic resource] :
$b
how the professors caused a real "fraud-on-the-market" /
$c
Edward E. Williams, John A. Dobelman.
250
$a
1st ed.
260
$a
Singapore ;
$a
Hackensack, NJ :
$b
World Scientific,
$c
c2020.
300
$a
1 online resource (196 p.)
504
$a
Includes bibliographical references and index.
505
0
$a
Preface -- Fraud, lies, and statistics -- The early history of modern financial economics -- The birth of the efficient market hypothesis -- Earlier views of market efficiency -- The impact of information and regulation on market efficiency -- Tests of the EMH -- Anomalies -- The capital asset pricing model -- Beyond the CAPM -- Conclusions -- References.
520
$a
"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 into, or risk professional crucifixion. The EMH began over a half century ago. It posits that share prices reflect all available market information, and that it is impossible to consistently outperform the market. This theory dominated research in the academic financial community from the outset, and has continued to do so for decades. Meanwhile, the evidence for above-average profit-making opportunities in the markets has been unfairly suppressed. Written for practitioners in the business, finance and legal industries, this book outlines the major issues that gave rise to the fraud, focusing on the role of statistics in the rise of what the authors call the "New Finance." It details the developments and results of the exclusion of other theories from efficient markets research and highlights the problems arising from a dogmatic adherence to EMH"--Publisher's website.
538
$a
Mode of access: World Wide Web.
538
$a
System requirements: Adobe Acrobat reader.
588
$a
Description based on print version record.
650
0
$a
Efficient market theory
$x
Statistical methods.
$3
738611
650
0
$a
Efficient market theory
$x
Mathematical models.
$3
705742
650
0
$a
Random walks (Mathematics)
$3
532102
700
1
$a
Dobelman, John A.
$3
3512632
856
4 0
$u
https://www.worldscientific.com/worldscibooks/10.1142/11484#t=toc
筆 0 讀者評論
館藏地:
全部
電子資源
出版年:
卷號:
館藏
1 筆 • 頁數 1 •
1
條碼號
典藏地名稱
館藏流通類別
資料類型
索書號
使用類型
借閱狀態
預約狀態
備註欄
附件
W9407924
電子資源
11.線上閱覽_V
電子書
EB HG4915 .W55 2020
一般使用(Normal)
在架
0
1 筆 • 頁數 1 •
1
多媒體
評論
新增評論
分享你的心得
Export
取書館
處理中
...
變更密碼
登入