Investment Under Alternative Return Assumptions: Comparing Random Walks and Mean Reversion
收藏NBER1995-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0175
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资源简介：
Many recent theoretical papers have come under attack for modeling prices as Geometric Brownian Motion. This process can diverge over time, implying that firms facing this price process can earn infinite profits. We explore the significance of this attack and contrast investment under Geometric
提供机构：
美国国家经济研究局
创建时间：
1995-03-01
