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Investment Dartboard Revisited, Implications for an Efficient Vietnamese Market?

Dung Phan Tran Trung and Thanh Nguyen Thi Ha
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Dung Phan Tran Trung: Faculty of Banking and Finance, Foreign Trade University
Thanh Nguyen Thi Ha: Faculty of Banking and Finance, Foreign Trade University

No 10, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: This paper examines the prediction ability of financial advisors in Vietnam by replicating the famous Investment Dartboard WSJ experiment. We found that Vietnamese investment advisors do not really have the prediction power for future market movements, however it is too early to say about Market efficiency in Vietnam

Pages: 11 pages
Date: 2011
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