%0 Journal Article
%T Efficiency of Financial Market and Fractal Market Theory<br>金融市场的效率与分形市场理论
%A FAN Zhi
%A ZHANG Shi-ying
%A <br>樊智
%A 张世英
%J 系统工程理论与实践
%D 2002
%I 
%X This paper firstly views the efficient market theory and points out its limitation, and applies the fractal theory to the research of the efficiency of financial markets. Then we introduce the meaning of fractional dimension time series and fractal market theory, and give out the significance of the fractal market theory. At last we present the demonstration using financial data.
%K financial market
%K efficiency
%K efficient market theory
%K fractal
%K fractal market theory<br>金融市场
%K 有效性
%K 有效市场理论
%K 分形
%K 分形市场理论
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=881B9BFD32239F3D&yid=C3ACC247184A22C1&vid=BC12EA701C895178&iid=38B194292C032A66&sid=FC0714F8D2EB605D&eid=2A8D03AD8076A2E3&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=25&reference_num=12