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dc.contributor.authorCunningham, Ross
dc.date2013-05-03
dc.date.accessioned2015-01-07T18:42:49Z
dc.date.available2015-01-07T18:42:49Z
dc.date.issued2013
dc.identifier65en_US
dc.identifier.urihttps://repository.tcu.edu/handle/116099117/7333
dc.description.abstractThis paper explores the efficient market hypothesis, a popular academic theory that explains movements in asset prices as a random walk. I provide empirical evidence as to why this theory fails to describe much of the behavior in financial markets, and introduce an opposing theory--chaos theory--to explain these fluctuations. I also provide systems for predicting and exploiting these market fluctuations to achieve a portfolio return that is greater than the broader stock market's return. Additionally, this paper analyzes bubbles and market crashes to show how they are inconsistent with the efficient market hypothesis, and proposes an "Accumulation-Distribution" model as a more accurate model for explaining market cycles.
dc.titleChaos on Wall Street
etd.degree.departmentEconomics
local.collegeAddRan College of Liberal Arts
local.collegeJohn V. Roach Honors College
local.departmentEconomics


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