Hidden Bibliographic Details
| Other authors / contributors: | MacKinlay, Archie Craig, 1955- author.
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| ISBN: | 9781400829095
1400829097
9780691092560
0691092567
0691057745
9780691057743
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| Notes: | Appendix A6: Proof of Theorems.
Includes bibliographical references (pages 395-415) and index.
Print version record.
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| Summary: | For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a sta.
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| Other form: | Print version: Lo, Andrew W. (Andrew Wen-Chuan). Non-random walk down Wall Street. Princeton, N.J. : Princeton University Press, 2002 0691092567
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