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The Efficient Market Hypothesists

Bachelier, Samuelson, Fama, Ross, Tobin and Shiller

  • Authors
  • Colin Read

Part of the Great Minds in Finance book series (GMF)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Introduction

    1. Colin Read
      Pages 1-4
  3. Louis Bachelier: The First Physicist Financial Theorist

    1. Front Matter
      Pages 5-5
    2. Colin Read
      Pages 7-13
    3. Colin Read
      Pages 14-23
    4. Colin Read
      Pages 24-32
    5. Colin Read
      Pages 44-51
  4. Paul Samuelson’s Random Walk

    1. Front Matter
      Pages 53-54
    2. Colin Read
      Pages 55-64
    3. Colin Read
      Pages 65-74
    4. Colin Read
      Pages 75-81
    5. Colin Read
      Pages 82-86
    6. Colin Read
      Pages 87-90
  5. Eugene Fama’s Efficient Market Hypothesis

    1. Front Matter
      Pages 91-91
    2. Colin Read
      Pages 93-97
    3. Colin Read
      Pages 98-101
    4. Colin Read
      Pages 102-106
    5. Colin Read
      Pages 107-115
    6. Colin Read
      Pages 116-118
  6. Stephen Ross and Arbitrage Pricing Theory

    1. Front Matter
      Pages 119-119
    2. Colin Read
      Pages 121-127
    3. Colin Read
      Pages 128-129
    4. Colin Read
      Pages 130-133
    5. Colin Read
      Pages 134-138
    6. Colin Read
      Pages 139-143
  7. James Tobin and a New Policy

    1. Front Matter
      Pages 145-145
    2. Colin Read
      Pages 147-152
    3. Colin Read
      Pages 153-157
    4. Colin Read
      Pages 158-162
    5. Colin Read
      Pages 163-169
    6. Colin Read
      Pages 170-173
  8. Robert Shiller and Irrational Exuberance

    1. Front Matter
      Pages 175-175
    2. Colin Read
      Pages 177-183
    3. Colin Read
      Pages 184-188
    4. Colin Read
      Pages 189-192
    5. Colin Read
      Pages 193-194
    6. Colin Read
      Pages 195-197
  9. What We Have Learned

    1. Front Matter
      Pages 199-199
    2. Colin Read
      Pages 201-204
    3. Colin Read
      Pages 205-206
  10. Back Matter
    Pages 207-222

About this book

Introduction

Describes the lives, theories, and legacies of six great minds in finance who changed the way we look at financial markets and equilibrium. Bachelier, Samuelson, Fama, Ross, Tobin, and Shiller; proponents and critics of the market efficiency theories who redefined modern finance, creating the foundation on which all financial analysis rests.

Keywords

foundation Glossar pricing

Bibliographic information