Noreen, Umara; Shafique, Attayah; Ayub, Usman; Saeed, … - In: Risks : open access journal 10 (2022) 9, pp. 1-14
This study aims to test the adaptive market hypothesis by using the myopic behavior of investors as a new proxy. The … that the US market is both efficient and inefficient at various points in time, following the adaptive market hypothesis …