0410877 20240103182245.620060210235959.9 80-248-0153-1 Ostrava Technical University 2002 10 s. 273-282RamíkJ. efficient markets hypothesis heterogeneous agent model with memory technical trading rules cav_un_auth*0101230 Vošvrda Miloslav UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0101217 Vácha Lukáš UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. 05D GA402/00/0439 GA ČR cav_un_auth*0008931 GA402/01/0034 GA ČR cav_un_auth*0008950 IAA7075202 GA AV ČR cav_un_auth*0001803 CEZ:AV0Z1075907 The Efficient Markets Hypothesis provides a theoretical basis on which technical trading rules are rejected as a viable trading strategy. Technical trading rules, providing a signal of when to buy or sell asset based on such price patterns to the user, should not be useful for generating excess returns. Technical traders and chartists tend to put little faith in strict efficient markets. cav_un_auth*0212944 Mathematical Methods in Economics Ostrava CZ 03.09.2002-05.09.2002 AH E http://hdl.handle.net/11104/0130964 UTIA-B 20020091 2002 2002 Ostrava Technical University 80-248-0153-1 Proceedings of the 20th International Conference Mathematical Methods in Economics 2002 273 282 Ramík J. 340