Information Arbitrage: Market Efficiency

Michael Allingham
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Michael Allingham: University of Kent

Chapter 7 in Arbitrage, 1991, pp 163-167 from Palgrave Macmillan

Abstract: Abstract This chapter explores, by way of a brief coda, one much-discussed implication of the concept of arbitrage: the hypothesis that security prices reflect all available information.

Keywords: Serial Correlation; Security Price; Efficient Market Hypothesis; Stock Market Price; Arbitrary Probability (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-21385-6_7

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DOI: 10.1007/978-1-349-21385-6_7

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