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Frontiers of finance: Evolution and efficient markets

Abstract:

In this review article we explore several recent advances in the quantitative modeling of financial markets. We begin with the Efficient Markets Hypothesis and describe how this controversial idea has stimulated a number of new directions of research, some focusing on more elaborate mathematical models that are captable of rationalizing the empirical facrts, others taking a completely different different tack in rejecting rationality altogether. One of the most promising directions is to view...

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Publisher copy:
10.1073/pnas.96.18.9991

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Institution:
University of Oxford
Department:
Oxford, MPLS, Mathematical Inst
Role:
Author
Journal:
Proceedings of the National Academy of Science, Vol . 96, p. 9991-9992
Volume:
96
Issue:
18
Pages:
9991-9992
Publication date:
1999-12-08
DOI:
EISSN:
1091-6490
ISSN:
0027-8424
URN:
uuid:36eeb8fe-0fa4-4e4f-b5e7-666bb30a4da3
Source identifiers:
387655
Local pid:
pubs:387655
Keywords:

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