Bibliografie
Journal Article
Heterogeneous Agent Model with Memory and Asset Price Behaviour
,
: Prague Economic Papers vol.12, 2 (2003), p. 155-168
: CEZ:AV0Z1075907
: GA402/00/0439, GA ČR, GA402/01/0034, GA ČR
: efficient markets hypothesis, technical trading rules, heterogeneous agent model with memory and learning
(eng): The efficient markets hypothesis provides a theoretical basis on which technical trading rules (TTRs) are rejected as a viable trading strategy. TTs, providing a signal to the user when to buy or sell asset based on such price patterns, should not be useful for generating excess returns. Technical traders tend to put little faith in strict efficient markets hypothesis.
: 05D
: AH