TETRA TRAITS FOR EFFICIENT HUMAN RECOGNITION ABSTRACT This paper proposes the multimodal biometrics system for identity verification using four traits i.e.‚ face‚ fingerprint‚ iris and signature. The proposed system is designed for applications where the training database contains a face‚ iris‚ is developed through fusion of face‚ fingerprint‚ iris and signature recognition. finally combined into a total score‚ which is passed to the decision module. Multimodal system then compared
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Efficient market hypothesis and Behavioral finance Fall 2011 Teacher: Guðrún Johnsen V-780-BFIM Student: Rúnar Guðnason SSN:1804784939 Table of Contents Introduction ................................................................................................................................ 3 1.1 Efficient market hypothesis .................................................................................................. 3 1.2 A criticism on the efficient market hypothesis ........
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step by step build up its own financial system. With the continuous improvement of the financial markets‚ people are started to question about whether China’s financial market can perform efficiently. According to Eugene Fama’s efficient market hypothesis (EMH)‚ at a efficient market‚ the asset prices should reflect all publicly available information about the value of an asset. In other words‚ investors cannot forecast future stock prices using current available information (Mankiw‚ 2007). This
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a great impact on individual behaviour in managing organisational behaviour‚ because if any of these elements are not clear or vague the communication process will be interrupted. The elements of communication play a vital role for effective and efficient communication and for the sole purpose of this assignment‚ the pages that follow discuss the
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The efficient market hypothesis (EMH) is an important assumption in finance. What are the various forms of the EMH? Does the EMH in any of its forms make sense given the current economic circumstances? The efficient market hypothesis (EMH) is an important assumption in finance. What are the various forms of the EMH? Does the EMH in any of its forms make sense given the current economic circumstances? Hariem Haladni Hariem Haladni September 2012 September 2012 In modern financial
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<b>Abstract</b> <br>According to the Efficient Market Theory‚ it should be extremely difficult for an investor to develop a "system" that consistently selects stocks that exhibit higher than normal returns over a period of time. It should also not be possible for a company to "cook the books" to misrepresent the value of stocks and bonds. An analysis of current literature‚ however‚ indicates that companies can and do "beat the system" and manipulate information to make stocks appear to perform above
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International Journal of Statistics and Probability; Vol. 1‚ No. 2; 2012 ISSN 1927-7032 E-ISSN 1927-7040 Published by Canadian Center of Science and Education The Efficient Market Hypothesis: Empirical Evidence Martin Sewell1 1 Faculty of Economics‚ University of Cambridge‚ Cambridge‚ United Kingdom Correspondence: Martin Sewell‚ Faculty of Economics‚ University of Cambridge‚ Sidgwick Avenue‚ Cambridge CB3 9DD‚ United Kingdom. Tel: 44-797-414-5461. E-mail: mvs25@cam.ac.uk Received: June
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introduced. The efficient market hypothesis was introduced by Eugene Fama in 1970 and is one of the most important topics that is covered in financial accounting theory. There have been many papers and studies that have backed the efficiency market hypothesis. There have also been many others that have tried to show that the markets are inefficient. Are securities markets efficient or not? I believe that they are‚ and because they are efficient‚ there are multiple implications of efficient securities
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economics and quantitative analysis use many of the same tools of technical analysis‚ which‚ being an aspect of active management‚ stands in contradiction to much of modern portfolio theory. The efficacy of both technical and analysis is disputed by efficient-market hypothesis which states that stock market prices are essentially unpredictable. HISTORICAL VIEW The principles of technical analysis are derived from hundreds of years of financial markets data. Some aspects of technical analysis began
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Read and study thoroughly. For a contrary view on market efficiency‚ see Robert A. Haugen‚ The New Finance‚ Overreaction‚ Complexity and Uniqueness‚ 3rd Edition‚ Pearson Prentice Hall‚ 2004. Topic 10.1: Introduction - The Efficient Market Hypothesis [A] An Efficient Market Defined The primary role of the capital market is the allocation of ownership of the economy’s capital stock. The ideal is a market in which prices
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