First edition of The Random Character of Stock Market Prices
The Random Character of Stock Market Prices.
Cootner, Paul H.$425.00
Item Number: 95129
Cambridge, Massachusetts: The M.I.T. Press, 1964.
First edition of this collection of papers on the random walk theory as applied to stock market trends. Octavo, original cloth. Near fine in a very good dust jacket with light rubbing to the extremities.
Nearly all of the widely scattered, fundamental studies applying probability theory and a modern statistical approach to the problem of the predictability of stock prices are gathered in this volume: they report researches on cases of random walk with increments that are independent Pareto-Levy variables, non-linear random processes, and statistical estimation of Markov processes.