Kendall’s random-walk findings sparked Samuelson’s turn to financial markets

Evidence

For Samuelson, in contrast, Kendall’s findings suggested that it might be worthwhile devoting at least part of his professional attention to the financial markets. — Donald MacKenzie, An Engine, Not a Camera, 283

Categorization

• XREF: connects to: Random-walk prices and market efficiency transformed US finance in the 1950s-60s — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 256