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The Adaptive Markets Hypothesis - Scribd
It’s also contrary to the findings of Paul Calluzzo, Fabio Moneta and Selim Topaloglu, who contributed to our understanding of how markets work and become more efficient over time (in other words, the adaptive markets hypothesis) with their 2015 study, “”
The Adaptive Markets Hypothesis - CFA Institute
Returning to Kim, Li and Perry’s study, stocks in the S&P 500 Index are not costly to arbitrage. Thus, the anomaly should have disappeared. Yet it persisted long after publication. With the adaptive markets hypothesis in mind, the authors extended the research to include the period from 2010 through 2013.
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