publication . Article . 2012

THE FRACTAL MARKET HYPOTHESIS

FELICIA RAMONA BIRAU;
Open Access English
  • Published: 01 May 2012 Journal: Challenges of the Knowledge Society (issn: 2068-7796, Copyright policy)
  • Publisher: Nicolae Titulescu University Publishing House
Abstract
In this article, the concept of capital market is analysed using Fractal Market Hypothesis which is a modern, complex and unconventional alternative to classical finance methods. Fractal Market Hypothesis is in sharp opposition to Efficient Market Hypothesis and it explores the application of chaos theory and fractal geometry to finance. Fractal Market Hypothesis is based on certain assumption. Thus, it is emphasized that investors did not react immediately to the information they receive and of course, the manner in which they interpret that information may be different. Also, Fractal Market Hypothesis refers to the way that liquidity and investment horizons in...
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Subjects
free text keywords: Fractal Market Hypothesis, chaos theory, fractals, capital market, Efficient Market Hypothesis, Social sciences (General), H1-99
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Challenges of the Knowledge Society
Article . 2012
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