Financial behaviour of investors and its impact on the efficiency of financial markets: Explain the proposal in that sense and to state the data to be collected in Australia.

Financial behaviour of investors and its impact on the efficiency of financial markets.

The Structure of the proposal (please note that the study will be made in Australia so make sure that you explain the proposal in that sense and to state the data to be collected in Australia)

Introduction (you need to state what? Why? And how? Which will include the research questions)

Literature Review ( again how and why? and you will also have to literature on topic, literature on method, theoretical approach, find a hole and look for debates please be critical). The following are some suggestion of the headings and subheadings you should look for to explain the literature review.

• Financial liaison
  • brokers in the stock exchange
    • Realtor
    • Realtor agent
    • Lounge dealers
    • E-Brokers
  • Stock orders
  • Exchange pricing
  • The theories of the efficiency of financial marketing

Methodology (how? You will need to define the research design to be used, research procedures, kind of data, collection procedures, selection and access, ethic statement and hypothesis will be tested in this project (it has to be novel according to the gap in the literature). The following is in a equations it might be helpful for you to define the methodology and how you measure the data. You can use more than one equation.

E ( Pj,t+1|t)= Pj,t[ 1+E(Rj,t+1|t ]

E(r j,t+1 )= E(Pj,t +1|)- pjt

Preliminary Data (what? in this section you will need to define evidence of importance, informs methodology, important categories and relationships and limitations.

Conclusion ( a sum up of the proposal).

Sources might be helpful;

Bachelier, L. (2000). “Theory of Speculation“, In Cootner (1964) pp. 17-78  Encyclopedia,p294.

Cowles, A.(1933). “Can Stock Market Forecasters Forecast?”.Econometrica, 1, pp. 309-.423

Cowles, A. (1944). “Stock Market Forecasting”, Econometrica, 12, pp. 206-.412

Kendall, M. 1953. “The Analysis of Economic Time-Series-Part I: Prices”. Journal of the Royal

Statistical Society, Vol. 116, No.1, pp. 11–.43  , No. 2, pp.145-173

Osborne, M.F. 1959. “Brownian motion in the stock market”, Operations Research, Vol. suggestions”. Journal of Finance, Vol. 14, No.1, pp. 1-

Roberts, H.V. 1959. “Stock-market patterns and financial analysis: methodological

Fama, E. (1965). “The Behavior of Stock Market Prices”, Journal of Business, 38, pp. 34-105.

Samuelson, P.A. 1965. “Proof that properly anticipated prices fluctuate randomly.” Industrial Management Review, Vol. 6, No. 2, pp. 41-.94

Fama, E. (1970). “Efficient Capital Markets: A Review of Theory and Empirical Work”, Journal of Finance, 25, pp. 383-417

Cootner, P. (ed.) (1964). The Random Character of Stock Market Prices, MIT Press. Copeland, Thomas and Dan Galai (1983). “Information Effects on the Bid- Ask Spread”, Journal of Finance, 38, pp. 1457-.9641

Shleifer.A, 2000 “inefficient markets :an introduction to behavioral finance”clarendon lecturesnin

economics,oxford.p2.

J¨urgen Huber, Michael Kirchler, Matthias Sutter “Is more information always better?Experimental financial marketswith cumulative information” Journal of Economic Behavior & Organization Vol. 65 (2008) 86–104,p88