One Simple Test of Samuelson's Dictum for the Stock Market
收藏NBER2002-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9348
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资源简介：
Samuelson (1998) offered the dictum that the stock market is 'micro efficient' but 'macro inefficient.' That is, the efficient markets hypothesis works much better for individual stocks than it does for the aggregate stock market. In this paper, we present one simple test, based both on regressions
提供机构：
美国国家经济研究局
创建时间：
2002-11-01
