serial: Bulletin of the Czech Econometric Society vol.9, 17 (2002), p. 15-22
project(s): GA402/01/0034, GA ČR, GA402/01/0539, GA ČR, IAA7075202, GA AV ČR
keywords: efficient markets hypothesis, technical trading rules, numerical analysis of learning
The efficient markets hypothesis provides a theoretical basis for trading rules. The traders determine whether current conditions call for the acquisition of fundamental information in a forward looking manner rather than relying on past performance. This paper shows an influence of the learning agents process on a level of agent pattern profitability with numerical analysis.