Adaptive Markets and the New World Order
In the adaptive markets hypothesis (AMH) intelligent but fallible investors learn from and adapt to changing economic environments. This implies that markets are not always efficient but are usually competitive and adaptive, varying in their degree of efficiency as the environment and investor popul...
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| Format: | Article |
| Sprog: | en_US |
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CFA Institute
2012
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| Online adgang: | http://hdl.handle.net/1721.1/75362 https://orcid.org/0000-0003-2944-7773 |