Futures Trading, Rational Expectations, and the Efficient Markets Hypothesis

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

Probability theory

1963 • 6,095 citations

An Introduction to the Theory of Statistics

1911 • 4,589 citations

ON THE EFFICIENCY OF COMPETITIVE STOCK MARKETS WHERE TRADES HAVE DIVERSE INFORMATION

1976 • 1,388 citations

Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices

1979 • 609 citations

The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities

1977 • 326 citations

Proof That Properly Discounted Present Values of Assets Vibrate Randomly

1973 • 239 citations

Further results on the informational efficiency of competitive stock markets

1978 • 198 citations

The Informational Role of Futures Markets and Learning Behaviour: Some experimental evidence

1982 • 6 citations