Extracto
Table of Contents
List of Abbreviations
1 Introduction
2 The Efficient Market Hypothesis
2.1 Definition
2.2 Tests
2.2.1 Test of weak efficiency
2.2.2 Test of semi-strong efficiency
2.2.3 Test of strong efficiency
2.3 Mathematical Description
2.3.1 Introduction to Stochastic Processes
2.3.2 General concept of the EMH
2.3.3 Martingale - model
2.3.4 Random Walk - model
2.3.5 CAP - model
2.3.6 Resume
3 Application to Stock Markets
3.1 General behavior of stock markets
3.2 Tests of weak efficiency
3.3 Test of semi-strong efficiency
4 Criticism
4.1 Rationality
4.2 Market Anomalies
4.3 Joint Hypothesis
5 Outlook
6 Conclusion
Bibliography
Final del extracto de 28 páginas
- Citar trabajo
- Dr.-Ing. Sebastian Harder (Autor), 2008, The Efficient Market Hypothesis and its Application to Stock Markets, Múnich, GRIN Verlag, https://www.grin.com/document/158375
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