Disappearing evidence of chaos in security returns: a simulation.: An article from: Quarterly Journal of Business and Economics

This digital document is an article from Quarterly Journal of Business and Economics, published by University of Nebraska-Lincoln on March 22, 1996. The length of the article is 3720 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The tenets of chaos theory are now being applied to the statistical analysis of stock market returns. At present, the evidence seems to suggest that stock market returns can, in fact, be characterized by deterministic nonlinear processes as predicted by chaos theory. This view challenges the fundamental assumptions of the theory of efficient markets. One way to seek for evidence of chaos in the financial markets would be for researchers to observe the trading patterns of individual securities rather than of aggregate portfolios or market indices.

Citation Details
Title: Disappearing evidence of chaos in security returns: a simulation.
Author: Michael D. Atchison
Publication:Quarterly Journal of Business and Economics (Refereed)
Date: March 22, 1996
Publisher: University of Nebraska-Lincoln
Volume: v35 Issue: n2 Page: p21(17)

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