ERROR LOADING HTML FROM SOURCE (http://ncf.sobek.ufl.edu//design/skins/UFDC/html/header_item.html)

A Critical Review of the Efficient Market Hypothesis

Permanent Link: http://ncf.sobek.ufl.edu/NCFE003434/00001

Material Information

Title: A Critical Review of the Efficient Market Hypothesis
Physical Description: Book
Language: English
Creator: Reynolds, Paul M.
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2004
Publication Date: 2004

Subjects

Subjects / Keywords: EMH
Efficient Market Hypothesis
Reynolds, Paul M.
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: This thesis endeavors to examine selected research concerning the Efficient Market Hypothesis (EMH) and was written for the purpose of educating the average investor and assumed they had little knowledge of the concepts discussed herein. The EMH states that the market correctly prices securities based on the available information and, therefore, concludes that no one can consistently earn a rate of return that is greater than that of the market. The fundamental idea proposed within this thesis is that the published research validating the EMH actually fails to do so because the authors generally included concepts outside the realm of the EMH such as risk and diversification as well as constructing test portfolios that are subject to the exemptions assumed by the hypothesis. These exemptions include zero transaction cost, free dissemination of information, a complete understanding of that information by the market, and the swift price adjustment to new information.
Statement of Responsibility: by Paul M. Reynolds
Thesis: Thesis (B.A.) -- New College of Florida, 2004
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Strobel, Frederick

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2004 R4
System ID: NCFE003434:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE003434/00001

Material Information

Title: A Critical Review of the Efficient Market Hypothesis
Physical Description: Book
Language: English
Creator: Reynolds, Paul M.
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2004
Publication Date: 2004

Subjects

Subjects / Keywords: EMH
Efficient Market Hypothesis
Reynolds, Paul M.
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: This thesis endeavors to examine selected research concerning the Efficient Market Hypothesis (EMH) and was written for the purpose of educating the average investor and assumed they had little knowledge of the concepts discussed herein. The EMH states that the market correctly prices securities based on the available information and, therefore, concludes that no one can consistently earn a rate of return that is greater than that of the market. The fundamental idea proposed within this thesis is that the published research validating the EMH actually fails to do so because the authors generally included concepts outside the realm of the EMH such as risk and diversification as well as constructing test portfolios that are subject to the exemptions assumed by the hypothesis. These exemptions include zero transaction cost, free dissemination of information, a complete understanding of that information by the market, and the swift price adjustment to new information.
Statement of Responsibility: by Paul M. Reynolds
Thesis: Thesis (B.A.) -- New College of Florida, 2004
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Strobel, Frederick

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2004 R4
System ID: NCFE003434:00001

ERROR LOADING HTML FROM SOURCE (http://ncf.sobek.ufl.edu//design/skins/UFDC/html/footer_item.html)