Non-Random Walk Theory: Difference between revisions
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===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