The Resource Adaptive Markets : Financial Evolution at the Speed of Thought, Andrew Lo

Adaptive Markets : Financial Evolution at the Speed of Thought, Andrew Lo

Label
Adaptive Markets : Financial Evolution at the Speed of Thought
Title
Adaptive Markets
Title remainder
Financial Evolution at the Speed of Thought
Statement of responsibility
Andrew Lo
Creator
Contributor
Author
Provider
Subject
Language
  • eng
  • eng
Summary
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—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. 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 intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isn't wrong but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation.A fascinating intellectual journey filled with compelling stories, Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications—including how hedge funds have become the Galápagos Islands of finance, what really happened in the 2008 meltdown, and how we might avoid future crises.An ambitious new answer to fundamental questions in economics, Adaptive Markets is essential reading for anyone who wants to know how markets really work
Cataloging source
DE-B1597
http://library.link/vocab/creatorName
Lo, Andrew
Government publication
other
LC call number
HG4515.15
LC item number
.L63 2017eb
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
De Gruyter
http://library.link/vocab/subjectName
  • Finance
  • Finance
  • Investments
  • Investments
Target audience
specialized
Label
Adaptive Markets : Financial Evolution at the Speed of Thought, Andrew Lo
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Chapter 6. The Adaptive Markets Hypothesis
  • Chapter 7. The Galapagos Islands of Finance
  • Chapter 8. Adaptive Markets in Action
  • Chapter 9. Fear, Greed, and Financial Crisis
  • Chapter 10. Finance Behaving Badly
  • Chapter 11. Fixing Finance
  • Chapter 12. To Boldly Go Where No Financier Has Gone Before
  • Notes
  • References
  • Acknowledgments
  • Frontmatter
  • Index
  • Contents
  • Introduction
  • Chapter 1. Are We All Homo economicus Now?
  • Chapter 2. If You’re So Smart, Why Aren’t You Rich?
  • Chapter 3. If You’re So Rich, Why Aren’t You Smart?
  • Chapter 4. The Power of Narrative
  • Chapter 5. The Evolution Revolution
Extent
1 online resource
Form of item
online
Isbn
9781400887767
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1515/9781400887767
Other physical details
13 color illustrations, 28 line illustrations, 9 tables
Specific material designation
remote
System control number
  • (DE-B1597)501077
  • (DE-B1597)9781400887767
Label
Adaptive Markets : Financial Evolution at the Speed of Thought, Andrew Lo
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Chapter 6. The Adaptive Markets Hypothesis
  • Chapter 7. The Galapagos Islands of Finance
  • Chapter 8. Adaptive Markets in Action
  • Chapter 9. Fear, Greed, and Financial Crisis
  • Chapter 10. Finance Behaving Badly
  • Chapter 11. Fixing Finance
  • Chapter 12. To Boldly Go Where No Financier Has Gone Before
  • Notes
  • References
  • Acknowledgments
  • Frontmatter
  • Index
  • Contents
  • Introduction
  • Chapter 1. Are We All Homo economicus Now?
  • Chapter 2. If You’re So Smart, Why Aren’t You Rich?
  • Chapter 3. If You’re So Rich, Why Aren’t You Smart?
  • Chapter 4. The Power of Narrative
  • Chapter 5. The Evolution Revolution
Extent
1 online resource
Form of item
online
Isbn
9781400887767
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1515/9781400887767
Other physical details
13 color illustrations, 28 line illustrations, 9 tables
Specific material designation
remote
System control number
  • (DE-B1597)501077
  • (DE-B1597)9781400887767

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