Adaptive Markets: Financial Evolution at the Speed of Thought

Andrew W. Lo

Adaptive Markets: Financial Evolution at the Speed of Thought
Format
Paperback
Publisher
Princeton University Press
Country
United States
Published
22 July 2019
Pages
504
ISBN
9780691191362

Adaptive Markets: Financial Evolution at the Speed of Thought

Andrew W. Lo

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. The debate is one of the biggest in eco

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