Abstract
AbstractIn this note, we point out a missing assumption for ‘Michael Heinrich Baumann, Beating the market? A mathematical puzzle for market efficiency, Decis Econ Finance 45: 279–325, 2022.’ In detail, we have to assume the (almost sure) survival of the controllers. Further, we discuss this assumption concerning relevance for theory and implementations and how it may alter the results and we give directions for future research.
Publisher
Springer Science and Business Media LLC
Subject
General Economics, Econometrics and Finance,Finance