After keynes ’ s absolute income hypothesis , western proposed relative income hypothesis , random walking hypothesis , life cycle theory and permanent income hypothesis in succession , these theories were pervasively used in practice 繼凱恩斯的絕對收入假說之后,西方經(jīng)濟學(xué)家又提出了相對收入假說、隨機游走假說、生命周期理論和持久收入假說等一系列理論,這些成果在實踐中得到比較普遍的應(yīng)用。
The random walk hypothesis is a financial theory stating that stock market prices evolve according to a random walk and thus the prices of the stock market cannot be predicted. It is consistent with the efficient-market hypothesis.