Richard Arnold Epstein Quotes

Richard Arnold Epstein Quotes: Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that its practical value is likely to be limited. An additional complication, not encompassed by most stock market models, arises from the manifestation of the market as a nonzero sum game.
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Richard Arnold Epstein Quote: A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its
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Quotes about Richard Arnold Epstein: Coin matching and finger flashing were among the first formal games to arise in the history of gambling. The class of Morra games extends back to the pre-Christian era, although not until comparatively recent times have game-theoretic solutions been derived.
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