Quant Congress USA: Market efficiency is testable, claims Jarrow


The efficient market hypothesis is empirically testable, contrary to long held assumptions, according to Robert Jarrow, professor of finance and economics at Cornell University.

Speaking at Risk's Quant Congress USA conference in New York last week, Jarrow noted that traditional financial models implicitly assume a form of the efficient market hypothesis, and claimed his recent theoretical work provides a simple test to determine whether a given market is efficient - according to his definitions

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: