A Non-Random Walk Down Wall Street

3,25 valoración promedio
( 28 valoraciones por Goodreads )
 
9780691092560: A Non-Random Walk Down Wall Street

For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future.


The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of "data-snooping biases" that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management.

"Sinopsis" puede pertenecer a otra edición de este libro.

From the Back Cover:

"This provocative collection of essays provides careful empirical analyses of the major anomalies that have appeared in financial markets in the thirty-five years since Paul Cootner's influential Random Character of Stock Market Prices. It provides convincing evidence against the random walk as applied to stock markets, and at the same time warns us of the dangers of finding spurious anomalies. It is a worthy successor to Cootner's classic."--Michael Brennan, University of California, Los Angeles

"This book is highly recommended to academic and private-sector economists who are interested in understanding better the behavior of financial market returns."--Lars Peter Hansen, University of Chicago

"The common feature of this work . . . is that it is guided by simple economic intuitions while simultaneously being econometrically rigorous and careful."--Bruce N. Lehmann, UC-San Diego

About the Author:

Andrew W. Lo is the Harris & Harris Group Professor of Finance at the Sloan School of Management, Massachusetts Institute of Technology. A. Craig MacKinlay is Joseph P. Wargrove Professor of Finance at the Wharton School, University of Pennsylvania. With John Y. Campbell, they are the authors of The Econometrics of Financial Markets (Princeton), which received the Paul A. Samuelson Award in 1997.

"Sobre este título" puede pertenecer a otra edición de este libro.

Los mejores resultados en AbeBooks

1.

Andrew W. Lo
Editorial: Princeton University Press (2002)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Cantidad: > 20
Impresión bajo demanda
Librería
Pbshop
(Wood Dale, IL, Estados Unidos de America)
Valoración
[?]

Descripción Princeton University Press, 2002. PAP. Estado de conservación: New. New Book.Shipped from US within 10 to 14 business days.THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. de la librería IP-9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 45,92
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 3,43
A Estados Unidos de America
Destinos, gastos y plazos de envío

2.

Lo, Andrew W.; MacKinlay, A. Craig
Editorial: Princeton University Press (2001)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Tapa blanda Cantidad: 1
Librería
Valoración
[?]

Descripción Princeton University Press, 2001. Estado de conservación: New. Financial experts have regarded the movements of markets as a random walk - unpredictable meanderings akin to a drunkard's unsteady gait - and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. This work puts the Random Walk Hypothesis to the test. Num Pages: 448 pages, 64 tables 2 line illus. BIC Classification: KFFM2. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 234 x 155 x 30. Weight in Grams: 624. . 2001. Paperback. . . . . . Nº de ref. de la librería V9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 49,65
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
De Irlanda a Estados Unidos de America
Destinos, gastos y plazos de envío

3.

Andrew W. Lo, A. Craig MacKinlay
Editorial: Princeton University Press
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Paperback Cantidad: 1
Librería
THE SAINT BOOKSTORE
(Southport, Reino Unido)
Valoración
[?]

Descripción Princeton University Press. Paperback. Estado de conservación: new. BRAND NEW, A Non-Random Walk Down Wall Street, Andrew W. Lo, A. Craig MacKinlay, For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of "data-snooping biases" that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management. Nº de ref. de la librería B9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 42,48
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 7,75
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

4.

Andrew W. Lo
Editorial: Princeton University Press (2002)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Cantidad: 4
Librería
Books2Anywhere
(Fairford, GLOS, Reino Unido)
Valoración
[?]

Descripción Princeton University Press, 2002. PAP. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería WP-9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 40,84
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 10,05
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

5.

Andrew W. Lo, A. Craig MacKinlay
Editorial: Princeton University Press, United States (2002)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Paperback Cantidad: 1
Librería
The Book Depository
(London, Reino Unido)
Valoración
[?]

Descripción Princeton University Press, United States, 2002. Paperback. Estado de conservación: New. Language: English . Brand New Book. For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard s unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay s research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices.A particular highlight is their now-famous inquiry into the pitfalls of data-snooping biases that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management. Nº de ref. de la librería AAU9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 51,79
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

6.

Andrew W. Lo, A. Craig MacKinlay
Editorial: Princeton University Press, United States (2002)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Paperback Cantidad: 1
Librería
The Book Depository US
(London, Reino Unido)
Valoración
[?]

Descripción Princeton University Press, United States, 2002. Paperback. Estado de conservación: New. Language: English . Brand New Book. For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard s unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay s research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of data-snooping biases that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management. Nº de ref. de la librería AAU9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 52,23
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

7.

Andrew W. Lo, A. Craig Mackinlay
Editorial: Princeton University Press 2002-02-26, Princeton, N.J. |Oxford (2002)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos paperback Cantidad: > 20
Librería
Blackwell's
(Oxford, OX, Reino Unido)
Valoración
[?]

Descripción Princeton University Press 2002-02-26, Princeton, N.J. |Oxford, 2002. paperback. Estado de conservación: New. Nº de ref. de la librería 9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 49,09
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 3,34
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

8.

Lo, Andrew W.; MacKinlay, A. Craig
Editorial: Princeton University Press
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Tapa blanda Cantidad: 1
Librería
Kennys Bookstore
(Olney, MD, Estados Unidos de America)
Valoración
[?]

Descripción Princeton University Press. Estado de conservación: New. Financial experts have regarded the movements of markets as a random walk - unpredictable meanderings akin to a drunkard's unsteady gait - and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. This work puts the Random Walk Hypothesis to the test. Num Pages: 448 pages, 64 tables 2 line illus. BIC Classification: KFFM2. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 234 x 155 x 30. Weight in Grams: 624. . 2001. Paperback. . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 52,47
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
A Estados Unidos de America
Destinos, gastos y plazos de envío

9.

Andrew W. Lo; A. Craig MacKinlay
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Cantidad: 1
Librería
BWB
(Valley Stream, NY, Estados Unidos de America)
Valoración
[?]

Descripción Estado de conservación: New. Depending on your location, this item may ship from the US or UK. Nº de ref. de la librería 97806910925600000000

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 56,83
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
A Estados Unidos de America
Destinos, gastos y plazos de envío

10.

Andrew W. Lo
Editorial: Princeton University Press (2002)
ISBN 10: 0691092567 ISBN 13: 9780691092560
Nuevos Cantidad: > 20
Impresión bajo demanda
Librería
Books2Anywhere
(Fairford, GLOS, Reino Unido)
Valoración
[?]

Descripción Princeton University Press, 2002. PAP. Estado de conservación: New. New Book. Delivered from our US warehouse in 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND.Established seller since 2000. Nº de ref. de la librería IP-9780691092560

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 47,24
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 10,03
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

Existen otras copia(s) de este libro

Ver todos los resultados de su búsqueda