Re:Real money, invested with algorithms
by grey-area on Wednesday February 26, 2014 @04:36AM
(#7303880)
you can drain the market of its capital based on your proven theory and your inside track on the truth
irrational != predictable ∴ markets cannot be accurately modelled
the EMH is true, but that the present equities market can't reliably demonstrate this fact because of widespread cheating
real markets != efficient and real markets != fair ∴ EMH is false for real markets
Re:Real money, invested with algorithms
by magnusjonsson on Wednesday February 26, 2014 @09:03AM
(#7304908)
Side remark: Please don't use equality and inequality like that. How can a noun and an adjective possibly be equal? They aren't even the same word class. Just use english "is" and "is not" to connect your nouns and adjectives。
Re:Real money, invested with algorithms
by bitcuration on Thursday February 27, 2014 @07:20PM
(#7316386)
true? (is == equality)
don't think so.
So cash in. Since you think the EMH is "obviously untrue", you can drain the market of its capital based on your proven theory and your inside track on the truth.
In fact, plenty of evidence suggests that the EMH is true, but that the present equities market can't reliably demonstrate this fact because of widespread cheating.
I should add that, because of the nature of equities trading and markets in general, it's very doubtful that anyone will ever prove this issue one way or another in a scientific sense.