The Life Cycle Hypothesis - Tony Plummer

The Life Cycle Hypothesis provides evidence of an ordered process behind the apparent randomness of financial asset price movements, economic fluctuations, and social trends. It shows how genuine information will have a dramatic effect on any system into which it is inserted, and will generate reactions that are essentially pre-programmed.These reactions involve the processes of advance and decline, and therefore embrace a set of specific lower-order fluctuations. Financial and economic analysts... Zobrazit více