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Adaptive Markets Financial Evolution at the Speed of Thought

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ISBN-10: 0691191360

ISBN-13: 9780691191362

Edition: 2nd 2019

Authors: Andrew W. Lo

List price: $18.99
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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. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hangs on the answer. 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…    
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Book details

List price: $18.99
Edition: 2nd
Copyright year: 2019
Publisher: Princeton University Press
Publication date: 4/9/2019
Binding: Paperback
Pages: 504
Size: 6.57" wide x 9.25" long x 1.28" tall
Weight: 1.892
Language: English

Andrew W. Lo is the Charles E. And Susan T. Harris Group Professor, professor of finance, and director of the Laboratory for Financial Engineering at the Massachusetts Institute of Technology. He is a research associate of the National Bureau of Economic Research.