.png){kind=logo}
21%OFF
Stock image for illustration purposes only - book cover, edition or condition may vary.
A Non-Random Walk Down Wall Street
Andrew W. Lo
€ 53.24
€ 42.32
FREE Delivery in Ireland
Description for A Non-Random Walk Down Wall Street
Paperback. Financial experts have regarded the movements of markets as a random walk - unpredictable meanderings akin to a drunkard's unsteady gait - and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. This work puts the Random Walk Hypothesis to the test. Num Pages: 448 pages, 64 tables 2 line illus. BIC Classification: KFFM2. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 234 x 155 x 30. Weight in Grams: 624.
For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities ... Read more
For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
450
Format
Paperback
Publication date
2002
Condition
New
Weight
623g
Number of Pages
448
Place of Publication
New Jersey, United States
ISBN
9780691092560
SKU
V9780691092560
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Andrew W. Lo
Andrew W. Lo is the Harris & Harris Group Professor of Finance at the Sloan School of Management, Massachusetts Institute of Technology. A. Craig MacKinlay is Joseph P.Wargrove Professor of Finance at the Wharton School, University of Pennsylvania. With John Y. Campbell, they are the authors of The Econometrics of Financial Markets (Princeton), which received the Paul A. Samuelson Award ... Read more
Reviews for A Non-Random Walk Down Wall Street
"What Andrew W. Lo and A. Craig MacKinlay impressively do ... [is look] for hard statistical evidence of predictable patterns in stock prices... Here they marshal the most sophisticated techniques of financial theory to show that the market is not completely random after all."
Jim Holt, Wall Street Journal "With all its equations, this book is going to turn out to ... Read more
Jim Holt, Wall Street Journal "With all its equations, this book is going to turn out to ... Read more