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The Resource Adaptive markets : financial evolution at the speed of thought, Andrew W. Lo

Adaptive markets : financial evolution at the speed of thought, Andrew W. 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 W. Lo
Creator
Author
Subject
Language
eng
Summary
"Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration 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 marked 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."--Inside flap
Cataloging source
EZS
Dewey number
332
Illustrations
  • illustrations
  • portraits
  • charts
  • plates
Index
index present
Language note
English
LC call number
HG4538
LC item number
.L6 2017
Literary form
non fiction
Nature of contents
bibliography
Label
Adaptive markets : financial evolution at the speed of thought, Andrew W. Lo
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 439-462) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Are we all 'homo economicus' now? -- If you're so smart, why aren't you rich? -- If you're so rich, why aren't you smart? -- The power of narrative -- The evolution revolution -- The adaptive markets hypothesis -- The Galapagos Islands of finance -- Adaptive markets in action -- Fear, greed, and financial crisis -- Finance behaving badly -- Fixing finance -- To boldly go where no financier has gone before
Dimensions
25 cm
Extent
483 pages, 8 unnumbered pages of plates
Isbn
9780691135144
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations (some color), charts (some color)
System control number
(OCoLC)983461859
Label
Adaptive markets : financial evolution at the speed of thought, Andrew W. Lo
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 439-462) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Are we all 'homo economicus' now? -- If you're so smart, why aren't you rich? -- If you're so rich, why aren't you smart? -- The power of narrative -- The evolution revolution -- The adaptive markets hypothesis -- The Galapagos Islands of finance -- Adaptive markets in action -- Fear, greed, and financial crisis -- Finance behaving badly -- Fixing finance -- To boldly go where no financier has gone before
Dimensions
25 cm
Extent
483 pages, 8 unnumbered pages of plates
Isbn
9780691135144
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations (some color), charts (some color)
System control number
(OCoLC)983461859

Library Locations

    • Harold B. Lee Library Brigham Young University, Provo, UT, 84602, US
      40.249156 -111.649242
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