A REVIEW OF STUDIES CONDUCTED ON THE WEAK FORM OF THE EFFICIENT MARKET HYPOTHESIS ON EMERGING CAPITAL MARKETS Surabhi Kothiyal (2009B3A8360P) Vishnukaant Pitty (2009A4PS340P) 1 CONTENTS PAGE NO. 1. Introduction 3 2. On Emerging Markets … 5 3. Empirical Methods 8 3.1. Non-Parametric Tests 8 3.1.1. Kolmogrov Smirnov Goodness of Fit Test 9 3.1.2. Runs Test 9 3.2. Parametric Tests 10 3.2.1. Auto-Correlation Test 10 3.2.2. ADF (Augmented
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The Sapir-Whorf hypothesis (SWH) states that there is a systematic relationship between the grammatical categories of the language a person speaks and how that person both understands the world and behaves in it. (Wikipedia) The Sapir-Whorf hypothesis was created by two American linguists‚ Edward Sapir and his student Edward Lee Whorf‚ in the early 1930s. It is considered to be a mould language theory‚ which represents language as a mould in terms of which thought categories are cast. (Bruner et
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two main approaches to learn about nature; Discovery Science and Hypothesis based science. With Discovery Science‚ scientist observe and describe objects‚ and with Hypothesis based Science‚ scientist make a hypothesis‚ make deductions and then test the predictions. In our everyday lives we use Hypothesis based science to solve many different problems. There is a criterion that is needed in order to have a hypothesis-based scientific study. To start you must have an observation and
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Step 1: Step 2: The alternative hypothesis is which indicates a one tail test. The degrees of freedom (df) = n-2=12-2=10. The t value at the significance level of .05 and df of 8 and from appendix F is 1.812. The decision rule is to reject the null hypothesis because the test statistic is greater then 1.812. Step 3: According to Appendix F‚ we can assume that P 1.744)‚ there is insufficient evidence to reject the null hypothesis. P-value Approach: Since the P-value is less
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CHAPTER 2 Moving from a Topic to a Question to a Working Hypothesis 2.1 Find a Question in Your Topic 2.1.1 Search Your Interests 2.1.2 Make Your Topic Manageable 2.1.3 Question Your Topic 2.1.4 Evaluate Your Questions 2.2 Propose Some Working Answers 2.2.1 Decide on a Working Hypothesis 2.2.2 Beware the Risks in a Working Hypothesis 2.2.3 If You Can’t Find an Answer‚ Argue for Your Question One of the most difficult steps in beginning a research
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The Semi - Strong Form of the efficient market hypothesis One of the major theories that form the basis of financial market is the efficient market hypothesis. The extreme position of those who advocate the efficient market hypothesis claims that all the market requires is basic financial information. The semi-strong form of the efficient market hypothesis states that the market incorporates all the known information about a stock‚ the current price reflects this information‚ and this information
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CHAPTER 10: TWO-SAMPLE TESTS WITH NUMERICAL DATA 1. The t test for the difference between the means of 2 independent populations assumes that the respective a) sample sizes are equal. b) sample variances are equal. c) populations are approximately normal. d) all of the above ANSWER: c TYPE: MC DIFFICULTY: Moderate KEYWORDS: pooled-variance t test‚ assumption 2. The t test for the mean difference between 2 related populations
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Facial Feedback Hypothesis: Individual Differences in Attribution of Emotion Anne Valiando Penn State Altoona Abstract Previous research concerning the facial feedback hypothesis contends that manipulation of facial expression includes emotional arousal. The aim of the study was to determine if holding a pencil in the mouth in way that resembles a certain facial expressions effect humor ratings of cartoons rated by participants under one of three conditions. A sample of 172 participants
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Efficient Market Hypothesis v’s Behavioural Finance An efficient market is one in which share prices quickly and fully reflect all available information‚ where investors are rational‚ and there are no frictions. Investors determine stock prices on the basis of expected cash flows to be received from a stock and the risk involved. Rational investors should use all the information they have available or can reasonably obtain‚ including both known information and beliefs about the future. In an efficient
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conclusion‚ the purpose of the lab Bird Adaptations was to act as a bird using different tools as a beak‚ and try to collect as many items as you can at each station in 15 seconds. Overall‚ the data collected throughout this lab supported each of my hypothesis. The data shows that certain “beaks” worked better than the other at collecting food. For example‚ the data shows that for the Seeds Station the tweezers worked best with an average of 9.3 pieces of food‚ the straw worked best for the Nectar Station
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