When Can Price be Arbitraged Efficiently? A Limit to the Validity of the Random Walk and Martingale Models
The Review of Economics and Statistics
1971
Benoit B. Mandelbrot, When Can Price be Arbitraged Efficiently? A Limit to the Validity of the Random Walk and Martingale Models, The Review of Economics and Statistics, Vol. 53, No. 3 (Aug., 1971), pp. 225-236
- DOI
- 10.2307/1937966
- Volume
- 53 (3)
- Pages
- 225
- Export
- BibTeX
- Sources
- openalex crossref