Maurice Kendall - London School of Economics

London School of Economics

In 1949 he accepted the second chair of statistics at the London School of Economics, University of London. Here he worked part-time as the director of the new Research Techniques Division. From 1952 to 1957 he edited a two-volume work on Statistical Sources in the United Kingdom, which was a standard reference until the mid-1970s. In the fifities he also worked on multivariate analysis, and developed the text Multivariate Analysis in 1957. In the same year he also developed, along with W. R. Buckland, a Dictionary of Statistical Terms, aimed at helping making the tools of statistics more available to potential users in industry and government.

In 1953 he published " The Analytics of Economic Time Series, Part 1: Prices" in which he suggested that the movement of shares on the stock market was random i.e. they were as likely to go up on a certain day as they were to go down. These results were disturbing to some financial economists and further debate and research then followed. This ultimately led to the creation of the Random Walk Hypothesis, and the closely related efficient-market hypothesis which states that random price movements indicate a well-functioning or efficient market.

Read more about this topic:  Maurice Kendall

Other articles related to "london school of economics, school of economics, school, of economics":

London School Of Economics - In Fiction and Popular Culture
... The LSE features in the book, Liar's Poker by Michael Lewis ... The autobiographical book, charts how Lewis's career in investment banking was begun while enrolled at the university ...
Stockholm School Of Economics
... The Stockholm School of Economics (SSE) or Handelshögskolan i Stockholm (HHS) is a European business school ... QS ranks SSE no.26 among in the field of economics worldwide ... SSE is a private business school that receives 85% of its financing from private sources ...
Stockholm School Of Economics - History
... The Stockholm School of Economics was founded in 1909 on private initiative as a response to rapid industrialization and a growing need for well ... While founded as a business school, the subject of economics featured prominently in the research and curriculum of the school from the beginning ... The most well known scholars of the Stockholm School of Economics are arguably the economists Eli Heckscher (professor of economics and statistics 1909–1929 ...
Shami Chakrabarti - Liberty - London School of Economics
... When the London School of Economics accepted a £1.5 million donation from Saif al-Islam Gaddafi, the son of former Libyan leader Muammar Gaddafi, Chakrabarti was on ... that she did not "attend the 2009 Council meeting which approved a donation to the school from Saif Gaddafi's Foundation" and that she "only subsequently raised ...
Xuzhou - Education - Schools
... Xuzhou No.1 Middle School (徐州市第一中学) Xuzhou No.3 Middle School (徐州市第三中学) Xuzhou Senior High School (徐州市高级中学) Xuzhou No.5 ...

Famous quotes containing the words economics, london and/or school:

    There is no such thing as a free lunch.
    —Anonymous.

    An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)

    I think this be the most villainous house in all London road for fleas.
    William Shakespeare (1564–1616)

    A school is not a factory. Its raison d’être is to provide opportunity for experience.
    —J.L. (James Lloyd)