Adaptive Markets - Financial Evolution at the Speed of Thought Lo Andrew W.Paperback
Adaptive Markets - Financial Evolution at the Speed of Thought Lo Andrew W.Paperback A new, evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock…
Specifikacia Adaptive Markets - Financial Evolution at the Speed of Thought Lo Andrew W.Paperback
Adaptive Markets - Financial Evolution at the Speed of Thought Lo Andrew W.Paperback
A new, evolutionary explanation of markets and investor behaviorHalf 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. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist--the Adaptive Markets Hypothesis. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer.
When markets are unstable, investors react instinctively, creating Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete.
Living at the Speed of Light