| 释义 |
Coherent Market Hypothesis Coherent Market HypothesisA hypothesis that the probability density function of the market may be determined by a combination of group sentiment and fundamental bias. Depending on combinations of these two factors, the market can be in one of four states: random walk, unstable transition, chaos, or coherence.Coherent Market HypothesisA model on how markets work that purports to improve upon the efficient markets theory. It states that market movements may be predicted within certain broad limits, depending on a combination of investor sentiment and fundamental bias. The coherent market hypothesis claims that markets go through four phases: random walk, unstable transition, chaos, and coherence. The coherent markets hypothesis attempts to curb the perceived overstatements of random walk theory and the efficient markets theory. See also: Capital Market Theory. |