Search results for "Adaptive market hypothesis"

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Long-term ecology of investors in a financial market

2018

AbstractThe cornerstone of modern finance is the efficient market hypothesis. Under this hypothesis all information available about a financial asset is immediately incorporated into its price dynamics by fully rational investors. In contrast to this hypothesis many studies have pointed out behavioral biases in investors. Recently it has become possible to access databases that track the trading decisions of investors. Studies of such databases have shown that investors acting in a financial market are highly heterogeneous among them, and that heterogeneity is a common characteristic of many financial markets. The article describes an empirical study of the daily trading decisions of all Fi…

Ecology Financial market.050208 financeEcologyInvestment strategyFinancial assetGeneral Arts and Humanities05 social sciencesFinancial marketGeneral Social SciencesBehavioral economicsSettore FIS/07 - Fisica Applicata(Beni Culturali Ambientali Biol.e Medicin)Efficient-market hypothesislcsh:Social Scienceslcsh:HAdaptive market hypothesis0502 economics and businessInvestment styleBusiness050207 economicsEmpirical evidenceGeneral Economics Econometrics and FinanceGeneral Psychology

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PEPhysical Sciences and Engineering
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LSLife Sciences
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  - LS4_3Physiology of ageing
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  - LS4_5Non-hormonal mechanisms of inter-organ and tissue communication
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SHSocial Sciences and Humanities
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