EAN: 9783640743766

THE EFFICIENT MARKET HYPOTHESIS AND ITS APPLICA...

Research Paper (undergraduate) from the year 2008 in the subject Business economics -
Investment and Finance  grade: 1.7  The FOM University of Applied Sciences  Hamburg  language:
English  abstract: Especially after the 90ies  where the stock markets raised enormously  many
private investors joined the stock market and were blended by abnormal profits and neglected
possible losses. The same behavior could be observed before the Financial Crisis became
reality. But each endless raising stock market would finally collapse  because stock prices are
randomly and only driven by relevant news. The adjustment to the news is quickly. This is the
theoretical argumentation of the Efficient Market Hypothesis (EMH)  which will be evaluated in
this paper. The author gives an overview about the EMH by explaining the basic principles and
its mathematical formulation. The practical part evaluated the EMH on selected examples  where
the theory could only be partly approved.

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