The Behavior of Stock-Market Prices.¶
Fama, E. F. (1965). The Behavior of Stock-Market Prices. Journal of Business, 38(1), 34-105.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Efficient Market Hypothesis (EMH)
This sourceEmpirical random-walk study establishing weak-form efficiency in U.S. equities (Fama's dissertation).
- Random Walk
- In finance and economics, the efficient-market random-walk hypothesis holds that successive price changes are independent, so the price path is a random walk and past movements cannot predict future ones; the Black–Scholes option-pricing framework models the log-price as Brownian motion, the continuum limit of that walk.
This sourceFoundational statement of the random-walk hypothesis: successive price changes are approximately independent, so past movements do not predict future ones.
- In finance and economics, the efficient-market random-walk hypothesis holds that successive price changes are independent, so the price path is a random walk and past movements cannot predict future ones; the Black–Scholes option-pricing framework models the log-price as Brownian motion, the continuum limit of that walk.
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Links previously used in the corpus¶
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Registry ID ref:538a6f1a2bed · see in the full table