Adaptive Markets Financial Evolution at the Speed of Thought
Télécharger Adaptive Markets Financial Evolution at the Speed of Thought PDF eBook - pbA new evolutionary explanation of markets and investor behaviorbppHalf of all Americans have money in the stock market yet economists cant agree on whether investors and markets are rational and efficient as modern financial theory assumes or irrational and inefficient as behavioral economists believeand 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 coexistppDrawing on psychology evolutionary biology neuroscience artificial intelligence and other fields iAdaptive Marketsi shows that the theory of market efficiency isnt wrong but merely incomplete When markets are unstable investors react instinctively creating inefficiencies for others to exploit Los new paradigm explains how financial evolution shapes behavior and markets at the speed of thoughta fact revealed by swings between stability and crisis profit and loss and innovation and regulationppA fascinating intellectual journey filled with compelling stories iAdaptive Marketsi starts with the origins of market efficiency and its failures turns to the foundations of investor behavior and concludes with practical implicationsincluding how hedge funds have become the Galápagos Islands of finance what really happened in the 2008 meltdown and how we might avoid future crisesppAn ambitious new answer to fundamental questions in economics iAdaptive Marketsi is essential reading for anyone who wants to know how markets really workp
Details of Adaptive Markets Financial Evolution at the Speed of Thought
Book's Title | Adaptive Markets Financial Evolution at the Speed of Thought |
Author | Andrew W Lo |
Publication's Date | 20170424 |
Category | Business & Investing |
Tags | Adaptive, Markets, Financial, Evolution, Thought |
Customer's Rating | 3 stars of 5 from 200 Readers |
Filename | adaptive-markets-financial-evolution-at-the-speed-of-thought.pdf |
Filesize | 28.26 MB (current server's speed is 22.77 Mbps |
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