Lo, Andrew W.; MacKinlay, Archie Craig - 2002 - 5. print. and 1. paperback print.
For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A....