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Author Al Omar, Husainen_US
Author Al-Muraikhi, Husain F.en_US
Available date 2009-11-25T12:41:23Zen_US
Publication Date 2008en_US
Publication Name Studies of Business and Economics
Citation Studies of Business and Economics, 2008, Vol. 14, No. 2, Pages 65-75.en_US
URI http://hdl.handle.net/10576/6844en_US
Abstract This paper provides empirical evidence on the profitability of the alternative expectation formation mechanisms in the case of Kuwait Stock Exchange as an example of an emerging market. The results indicate that both extrapolative and adaptive expectations are profitable while regressive expectations are not. In addition, the results imply that extrapolative expectations are more profitable than adaptive. An important conclusion of this paper is that the market suffers form inefficiency since future trend of the market can be predicted from its past performance, a phenomenon shared by emerging markets.en_US
Language enen_US
Publisher Qatar Universityen_US
Subject Kuwait Stock Marketen_US
Title Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Marketen_US
Type Articleen_US
Pagination 65-75en_US
Issue Number 2en_US
Volume Number 14en_US


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