Random walk hypothesis was created in 1964.
A Random Walk Down Wall Street was created in 1973.
It is an assumption to hypothesis testing. I can not comment on the significance of a violation of these assumptions without knowing how the non-random sample was taken.
The random walk theory suggests that changes in asset prices or income are unpredictable and follow a stochastic process, meaning future price movements are independent of past movements. In the context of the Permanent Income Hypothesis (PIH), which posits that individuals base their consumption on expected long-term average income rather than current income, the random walk implies that individuals adjust their consumption patterns based on new, unexpected information about future income. Thus, both concepts emphasize the unpredictability of income and consumption decisions, affecting how individuals plan their financial futures.
RANDOM
Riemann hypothesis was created in 1859.
Wiseman hypothesis was created in 1985.
The Happiness Hypothesis was created in 2006.
Warburg hypothesis was created in 1924.
The Astonishing Hypothesis was created in 1994.
A Random Walk Down Wall Street has 456 pages.
Hypothesis - album - was created in 1971-05.
Phantom time hypothesis was created in 1991.