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An Inherent Instability of Efficient Markets

Speculative markets are often described as “informationally efficient” such that predictable price changes are eliminated by traders exploiting them, leaving only residual unpredictable fluctuations. This classical view of markets operating close to an equilibrium is challenged by extreme price fluc...

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Detalles Bibliográficos
Autores principales: Patzelt, Felix, Pawelzik, Klaus
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Nature Publishing Group 2013
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3784944/
https://www.ncbi.nlm.nih.gov/pubmed/24071722
http://dx.doi.org/10.1038/srep02784