Dynamical agents' strategies and the fractal market hypothesis

Abstrakt

The efficient market hypothesis (EMH) fails as a valid model of financial markets. The fractal market hypothesis (FMH) is a more general alternative way to the EMH.

The FMH is formed on the following parameter space: agents' investment horizons.

Klíčová slova

• agents' investment horizons
• agents' trading strategies
• efficient market hypothesis
• fractal market hypothesis