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Informational Efficiency in Speculative Markets
Hans-Michael Geiger
其他書名
A Theoretical Investigation
出版
P. Lang
, 1989
主題
Business & Economics / Consumer Behavior
Business & Economics / Decision-Making & Problem Solving
Business & Economics / Economic History
Business & Economics / Finance / General
Business & Economics / Investments & Securities / General
Business & Economics / Economics / Theory
ISBN
363140803X
9783631408032
URL
http://books.google.com.hk/books?id=tvUJAQAAMAAJ&hl=&source=gbs_api
註釋
The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the other hand, in the Austrian perspective or «causal genetic approach» attention is drawn to the entrepreneurial element of human decision making related to an arbitrage theory of profit which is not traced back to anonymous market forces but rather to incessant discovery of information guided by entrepreneurial alertness.