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The Efficient Market Hypothesis and its Application to Stock Markets

Name: The Efficient Market Hypothesis and its Application to Stock Markets
Price: 16.99 EUR
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Author: Dr.-Ing. Sebastian Harder
ISBN: 978-3-640-74377-3

Research Paper (undergraduate), 2008

28 Pages, Grade: 1.7

Dr.-Ing. Sebastian Harder (Author)

Excerpt

List of Abbreviations

1 Introduction

2 The Efficient Market Hypothesis
2.1 Definition
2.2 Tests
2.2.1 Test of weak efficiency
2.2.2 Test of semi-strong efficiency
2.2.3 Test of strong efficiency
2.3 Mathematical Description
2.3.1 Introduction to Stochastic Processes
2.3.2 General concept of the EMH
2.3.3 Martingale - model
2.3.4 Random Walk - model
2.3.5 CAP - model
2.3.6 Resume

3 Application to Stock Markets
3.1 General behavior of stock markets
3.2 Tests of weak efficiency
3.3 Test of semi-strong efficiency

4 Criticism
4.1 Rationality
4.2 Market Anomalies
4.3 Joint Hypothesis

5 Outlook

6 Conclusion

Bibliography

Excerpt out of 28 pages

Details

Title: The Efficient Market Hypothesis and its Application to Stock Markets
College: The FOM University of Applied Sciences, Hamburg
Grade: 1.7
Author: Dr.-Ing. Sebastian Harder (Author)
Year: 2008
Pages: 28
Catalog Number: V158375
ISBN (eBook): 9783640743773
ISBN (Book): 9783640743766
File size: 594 KB
Language: English
Keywords: Efficient Market Hypothesis, stock markets

Quote paper: Dr.-Ing. Sebastian Harder (Author), 2008, The Efficient Market Hypothesis and its Application to Stock Markets, Munich, GRIN Verlag, https://www.grin.com/document/158375

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