Investigating the Empirical Validity of the Adaptive Market Hypothesis Using smooth transition autoregressive model in the Tehran Stock Exchange

The purpose of this paper is to examine the empirical validity of the Adaptive Market Hypothesis (AMH), which is suggested to resolve the controversy between proponents of the efficient market hypothesis and financial behavior school. This hypothesis is based on the principle that although inefficie...

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Bibliographic Details

Published in:	مدلسازی اقتصادسنجی
Main Authors:	Gholamhossein Asadi, Esmaeil Fadaeenezhad, Hamid Faroughi
Format:	Article
Language:	Persian
Published:	Semnan University 2021-08-01
Subjects:	adaptive market hypothesis smooth transition autoregressive models return tedpix
Online Access:	https://jem.semnan.ac.ir/article_5589_b823e124a938a11ee820463af24db96d.pdf