Title of article
Testing for market efficiency in gambling markets when the errors are non-normal and heteroskedastic an application of the wild bootstrap
Author/Authors
C. Ioannidis، نويسنده , , D.A. Peel، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
6
From page
221
To page
226
Abstract
By employing the wild bootstrap we calculate the ‘correct’ size of the relevant test statistics for the test of the null hypothesis of efficiency in betting markets. Our findings are that the overall conclusion of the rejection of the null hypothesis is still valid.
Keywords
Efficient markets , Gamble , wild bootstrap
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435660
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