Original title: Heterogeneous agent model with memory and asset price behaviour
Authors: Vošvrda, Miloslav ; Vácha, Lukáš
Document type: Papers
Conference/Event: Mathematical Methods in Economics, Ostrava (CZ), 2002-09-03 / 2002-09-05
Year: 2002
Language: eng
Abstract: The Efficient Markets Hypothesis provides a theoretical basis on which technical trading rules are rejected as a viable trading strategy. Technical trading rules, providing a signal of when to buy or sell asset based on such price patterns to the user, should not be useful for generating excess returns. Technical traders and chartists tend to put little faith in strict efficient markets.
Keywords: efficient markets hypothesis; heterogeneous agent model with memory technical trading rules
Project no.: CEZ:AV0Z1075907 (CEP), GA402/00/0439 (CEP), GA402/01/0034 (CEP), IAA7075202 (CEP)
Funding provider: GA ČR, GA ČR, GA AV ČR
Host item entry: Proceedings of the 20th International Conference Mathematical Methods in Economics 2002

Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0130964

Permalink: http://www.nusl.cz/ntk/nusl-34931


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Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers