Random Walk To Nowhere, A : How The Professors Caused A Real "Fraud-on-the-market" - Edward E Williams

Instant online reading.
Don't wait for delivery!
Go digital and save!

Random Walk To Nowhere, A

How The Professors Caused A Real "Fraud-on-the-market"

By: Edward E Williams, John A Dobelman

Write A Review

Paperback | 5 February 2020

At a Glance

Paperback
196 Pages

Dimensions(cm)
12.9 x 19.7 x 2.1

Paperback

RRP $50.99

$45.99

10%OFF

or 4 interest-free payments of $11.50 with

Ships in 15 to 25 business days

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.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.