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- W3123804568 abstract "The paper investigates capital market efficiency on basis of an evolutionary model of asset pricing. Participants of capital markets are considered as organizations in the sense of Nelson and Winter (1982). Behavior of these organizations is described by routines. Routines are regular and predictable behavioral patterns, which determine how individuals gather information, form expectations, and order assets. The participants change their behavior by innovating new routines or by imitating routines of other participants." @default.
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- W3123804568 date "1999-02-19" @default.
- W3123804568 modified "2023-09-23" @default.
- W3123804568 title "An Evolutionary Approach to the Examination of Capital Market Efficiency" @default.
- W3123804568 hasPublicationYear "1999" @default.
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