Proof that Properly Anticipated Prices Fluctuate Randomly

• 23 August 2015
• book chapter
• Published by World Scientific Pub Co Pte Ltd in World Scientific Handbook in Financial Economics Series
• p. 25-38
• https://doi.org/10.1142/9789814566926_0002

Abstract

Keywords

• MARTINGALE PROPERTY
• STOCHASTIC BEHAVIOR OF PRICES