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Market Efficiency, Behaviroal Finance and Creating Superior Portfolio

Market Efficiency, Behaviroal Finance and Creating Superior Portfolio

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Published by anushreego

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Published by: anushreego on Jan 09, 2010
Copyright:Attribution Non-commercial

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08/19/2010

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Market Efficiency and Behavioral Finance
01/09/101
 
Efficient Market Hypothesis(EMH)
Do security prices reflect information ?
Why look at market efficiency?
Implications for business and corporatefinance
Implications for investment
01/09/102
 
Random Walk and theEMH
Random Walk - stock prices are random
Actually submartingale
Expected price is positive over time
Positive trend and random about the trend
01/09/103

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