What Does "Random Walk" Mean? According to the Efficient Markets

question 90

Essay

What does "random walk" mean? According to the efficient markets hypothesis, should stock prices follow a random walk?

---

Definitions:

Sibling Rivalry

Competition, jealousy, and conflict between siblings, which can range from mild to severe and impact family dynamics.

Superiority Complex

A psychological defense mechanism in which a person's feelings of superiority mask their feelings of inferiority.

Cognitive Simplicity

A cognitive style or way of construing the environment characterized by a relative inability to perceive differences among people.

Conditional Positive Regard

Approval, love, or acceptance granted only when a person expresses desirable behaviors and attitudes.