Non-Random Walk Theory: Difference between revisions

From Dickinson College Wiki
Jump to navigationJump to search
No edit summary
Line 2: Line 2:


===Criticisms===
===Criticisms===
:'''Short Term Momentum, Including Underreaction to New Information'''

Revision as of 21:59, 30 April 2007

  • Economists Andrew W. Lo and A. Craig MacKinlay criticized Malkiel's Random Walk theory in their book, A Non-Random Walk Down Wall Street

Criticisms

Short Term Momentum, Including Underreaction to New Information