Non-Random Walk Theory: Difference between revisions
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:'''Short Term Momentum, Including Underreaction to New Information''' | :'''Short Term Momentum, Including Underreaction to New Information''' | ||
:::Lo and MacKinley point to the presence of some "momentum" in short-run stock prices. | |||
Revision as of 22:00, 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
- Lo and MacKinley point to the presence of some "momentum" in short-run stock prices.
