'Semi strong' presentation slideshows

Alternative View of Risk and Return

547 views • 42 slides

Week Six - Market Efficiency

Week Six - Market Efficiency. News and Returns. All news, and announcements contain anticipated and unexpected components The market prices assets based on what is expected to happen (Anticipated news) Changes in expectations will cause the price to move

415 views • 33 slides

Market Efficiency

Market Efficiency. What is an efficient market?. A market is efficient when it uses all available information to price assets. Information is quickly incorporated into prices Efficiency is the degree to which prices reflect available information. News, Surprises, and Returns.

371 views • 28 slides

Chapter 12

Chapter 12. The Efficient Market Hypothesis. Random Walk and the EMH. Random Walk - stock prices are random Actually submartingale Expected price is positive over time Positive trend and random about the trend. Random Walk with Positive Trend. Security Prices. Time.

363 views • 21 slides

Behavioral Finance

337 views • 17 slides

MN50324

MN50324. Lecture 8: Corporate Financing Decisions and Efficient Markets. Efficient Markets. All new information rapidly incorporated into share prices. Investors are fully rational But: Evidence of excessive volatility (in excess of volatility of news). Stock Market Bubbles.

172 views • 17 slides

Behavioral Finance

193 views • 12 slides

Behavioral Finance

Behavioral Finance. Economics 437. Review of EMH. Four Different Articles addressing what EMH means and the history of Behavioral Finance Shleifer (Chapter 1) Schiller (on Collab at course website) Malkiel (on Collab at course website) Fama (on Collab at course website).

108 views • 10 slides