15 Minutes of Inefficiency?
February 16, 2011 - Big Ideas
Is there a window of exploitation before prices of individual stocks incorporate relevant information shocks? If so, what is its duration? In their January 2011 paper entitled “Speed of Convergence to Market Efficiency: The Role of ECNs”, Dennis Chung and Karel Hrazdil investigate the duration of stock price inefficiency based on the time interval over… Keep Reading