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Efficient Market Hypothesis

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Artificial Intelligence and Economic Theory: Skynet in the Market

Part of the book series: Advanced Information and Knowledge Processing ((AI&KP))

Abstract

The efficient market hypothesis (in its varying forms) has allowed for the creation of financial models based on share price movements ever since its inception. This chapter explores the impact of artificial intelligence (AI) on the efficient market hypothesis. Furthermore, it studies theories that influence market efficiency and how they are changed by the advances in AI and how they impact on market efficiency. It surmises that advances in AI and its applications in financial markets make markets more efficient.

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Author information

Authors and Affiliations

  1. Faculty of Engineering and the Built Environment​, University of Johannesburg, Auckland Park, South Africa

    Tshilidzi Marwala

  2. Department of Electrical and Electronic Engineering Science, Faculty of Engineering and the Built Environment​, University of Johannesburg, Auckland Park, South Africa

    Evan Hurwitz

Authors
  1. Tshilidzi Marwala
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  2. Evan Hurwitz
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Correspondence to Tshilidzi Marwala .

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Marwala, T., Hurwitz, E. (2017). Efficient Market Hypothesis. In: Artificial Intelligence and Economic Theory: Skynet in the Market. Advanced Information and Knowledge Processing. Springer, Cham. https://doi.org/10.1007/978-3-319-66104-9_9

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  • DOI: https://doi.org/10.1007/978-3-319-66104-9_9

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-66103-2

  • Online ISBN: 978-3-319-66104-9

  • eBook Packages: Computer ScienceComputer Science (R0)

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