Adaptive markets : financial evolution at the speed of thought
Lo, Andrew W. (Andrew Wen-Chuan)2019
Books
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 behavioural 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. Here, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist.
Main title:
Adaptive markets : financial evolution at the speed of thought / Andrew W. Lo.
Author:
Lo, Andrew W. (Andrew Wen-Chuan), author
Edition:
New [edition] / with a new afterword by the author.
Imprint:
Princeton : Princeton University Press, 2019.
Collation:
x, 489 pages, 8 unnumbered pages of plates : illustrations (black and white, and colour) ; 24 cm
Notes:
Previous edition: 2017.Includes bibliographical references and index.
ISBN:
9780691191362 (pbk. :)
Dewey class:
332
Language:
English
BRN:
2514985
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