政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78004
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 112721/143689 (78%)
Visitors : 49623243      Online Users : 479
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78004


    Title: Genetic programming and the efficient market hypothesis
    Authors: Chen, Shu-Heng;Yeh, Chia-Hsuan
    陳樹衡;葉佳炫
    Contributors: 經濟學系
    Date: 1996-07
    Issue Date: 2015-08-27 17:33:46 (UTC+8)
    Abstract: While search plays an important role in the efficient market hypothesis (EMH), the traditional formalization of the EMH, based on probabilistic independence, fails to capture it. Due to this failure, recent findings of nonlinear tests misled us into concluding that the EMH is rejected. Even though most economists are reluctant to make this conclusion, the traditional formalization leaves us no other choice. This paper reformalizes the EMH with a biologically-based search program, i.e., genetic programming (GP). The GP-based search enables us to model search in the EMH explicitly. Through this, serach cost as well as search intensity can be measured objectively, and the notion of predictability and profitability can then be formalized. The GP-based notion of the EMH will be exemplified by testing the EMH with a small, medium and large sample of the S&P 500 stock index.
    Relation: Proceedings of the 1st annual conference on genetic programming,45-53
    Data Type: conference
    Appears in Collections:[Department of Economics] Proceedings

    Files in This Item:

    File Description SizeFormat
    45-53.pdf806KbAdobe PDF2711View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback