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Natural Selection and Market Efficiency in a Futures Market with Random Shocks
16 references·2 citing·41 second hop
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References

  • 1996The Use of Knowledge in Society6,434 cited
  • 1993Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality1,652 cited
  • 1976ON THE EFFICIENCY OF COMPETITIVE STOCK MARKETS WHERE TRADES HAVE DIVERSE INFORMATION1,438 cited
  • 1980On the aggregation of information in competitive markets1,247 cited
  • 1962Irrational Behavior and Economic Theory1,177 cited
  • 1986Rationality in Psychology and Economics1,102 cited
  • 1968The Random Character of Stock Market Prices926 cited
  • 1982MARKETS AS ECONOMIZERS OF INFORMATION: EXPERIMENTAL EXAMINATION OF THE “HAYEK HYPOTHESIS”250 cited
  • 1978Further results on the informational efficiency of competitive stock markets198 cited
  • 1997What Makes Markets Allocationally Efficient?188 cited
  • 1978Market "Efficiency" in a Market with Heterogeneous Information151 cited
  • 1996Rational behavior and economic theory149 cited
  • 1991The Rationality Struggle: Illustrations from Financial Markets136 cited
  • 1994Invisible-hand explanations118 cited
  • 1982Information Diversity and Market Behavior85 cited

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1998
Market Efficiency and Natural Selection in a Commodity Futures Market
67 cited

Cited by

  • 2011A computational view of market efficiency44 cited
  • 2003Evolution, efficiency and noise traders in a one-sided auction market42 cited