Noise Trading and the Efficiency of Financial Markets

THE AMERICAN FINANCIAL SYSTEM: BETWEEN EUFORIA AND CRISIS, , p. 117, Giacomo Luciani, ed., Quaderni Della Fondazione Olivetti, 1989

24 Pages Posted: 26 Nov 2010

See all articles by Stephan Schulmeister

Stephan Schulmeister

Austrian Institute of Economic Research

Michael D. Goldberg

University of New Hampshire

Date Written: 1989

Abstract

This paper draws heavily on two previous studies on the profitability of technical trading systems in the foreign exchange market (Schulmeister, 1987) and in the stock market.

Suggested Citation

Schulmeister, Stephan and Goldberg, Michael D., Noise Trading and the Efficiency of Financial Markets (1989). THE AMERICAN FINANCIAL SYSTEM: BETWEEN EUFORIA AND CRISIS, , p. 117, Giacomo Luciani, ed., Quaderni Della Fondazione Olivetti, 1989, Available at SSRN: https://ssrn.com/abstract=1715069

Stephan Schulmeister (Contact Author)

Austrian Institute of Economic Research ( email )

P.O.Box 91
Vienna, 1103
Austria
+4317982601 242 (Phone)
+4317989386 (Fax)

HOME PAGE: http://https://stephanschulmeister.wifo-pens.at/

Michael D. Goldberg

University of New Hampshire ( email )

Durham, NH 03824
United States
603-862-3385 (Phone)
603-862-3383 (Fax)

HOME PAGE: http://pubpages.unh.edu/~michaelg/

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
107
Abstract Views
587
Rank
456,834
PlumX Metrics