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English

A Non-Random Walk Down Wall Street

Paperback • 2001 • English

A Non-Random Walk Down Wall Street

By Andrew W. Lo

0 Ratings • 0.0 of 5

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About the book

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, ...Show more

Book details

ISBN

9780691092560

Publisher

Princeton University Press

Published year

2001

Language

English

Original title

A Non-Random Walk Down Wall Street

Format

Paperback

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