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Adaptive Markets : Financial Evolution at the Speed of Thought by Lo, Andrew Wen-Chuan is a business book available to read on EtoBox.

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A New, Evolutionary Explanation Of Markets And Investor Behavior Half Of All Americans Have Money In The Stock Market, Yet Economists Can't Agree On Whether Investors And Markets Are Rational And Efficient, As Modern Financial Theory Assumes, Or Irrational And Inefficient, As Behavioral Economists Believe—and As Financial Bubbles, Crashes, And Crises Suggest. This Is One Of The Biggest Debates In Economics And The Value Or Futility Of Investment Management And Financial Regulation Hang On The Outcome. In This Groundbreaking Book, Andrew Lo Cuts Through This Debate With A New Framework, The Adaptive Markets Hypothesis, In Which Rationality And Irrationality Coexist. Drawing On Psychology, Evolutionary Biology, Neuroscience, Artificial Intelligence, And Other Fields, Adaptive Markets Shows That The Theory Of Market Efficiency Isn't Wrong But Merely Incomplete. When Markets Are Unstable, Investors React Instinctively, Creating Inefficiencies For Others To Exploit. Lo's New Paradigm Explains How Financial Evolution Shapes Behavior And Markets At The Speed Of Thought—a Fact Revealed By Swings Between Stability And Crisis, Profit And Loss, And Innovation And Regulation. A Fascinating Int

Who reads Adaptive Markets : Financial Evolution at the Speed of Thought?

Author

Lo, Andrew Wen-Chuan

Publisher

Princeton University Press

Published

2017

Language

EN

ISBN

9780691196800

Category

business

Subjects

Finance, Economics, Business

Rating

4.4 / 5 (468 ratings)

Updated

2026-03-14