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A Computational View of Market Efficiency
- yannis 17y ago>In this paper we suggest that a reinterpretation of market efficiency in computational terms might be the key to reconciling this theory with the possibility of making profits based on past prices alone. Is there some longer research accessible over the internet that describes these computational terms in a way that one can turn them in an application? (I found the methodology fascinating, worth delving deeper into it!)
- TriinT 17y agoIs this news? Didn't Ariel Rubinstein work on the nexus between bounded rationality and the complexity of computing Nash equilibria in the 1980s?
- khafra 17y agoSounds like some fascinating stuff that might have provided the inspiration and foundation for this work. Got any links or titles?
- TriinT 17y agoModeling bounded rationality (by Ariel Rubinstein) http://books.google.com/books?id=Za3JLEIHu8YC http://books.google.com/books?id=Za3JLEIHu8YC