Adaptive markets : financial evolution at the speed of thought / Andrew W. Lo.
Lo, Andrew W. (Andrew Wen-Chuan), author.
2017
HG4551
Available Online

Linked e-resources

Linked Resource Online Access

Details

Title Adaptive markets : financial evolution at the speed of thought / Andrew W. Lo.
Author Lo, Andrew W. (Andrew Wen-Chuan), author.
ISBN 9781400887767 (electronic book)
1400887763 (electronic book)
0691135142
Published Princeton, New Jersey : Princeton University Press, [2017]
Language English
Description 1 online resource (x, 483 pages) : illustrations
Call Number HG4551
Dewey Decimal Classification 332.642 2 23
Summary "Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration 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 marked 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."--Provided by publisher.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
Available in Other Form Adaptive markets.
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
All Resources
Are we all 'homo economicus' now?
If you're so smart, why aren't you rich?
If you're so rich, why aren't you smart?
The power of narrative
The evolution revolution
The adaptive markets hypothesis
The Galapagos Islands of finance
Adaptive markets in action
Fear, greed, and financial crisis
Finance behaving badly
Fixing finance
To boldly go where no financier has gone before.

Browse Subjects

Show more subjects...

Statistics

from
to
Export