Adaptive markets : financial evolution at the speed of thought
(Book)
Author
Published
Princeton, New Jersey : Princeton University Press, [2017].
ISBN
9780691135144, 0691135142
Status
Description
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Copies
Location | Call Number | Status |
---|---|---|
Alsip-Merrionette Park Public Library District - Stacks | 332 LO | On Shelf |
Eisenhower Public Library District - Stacks | 332.6322 LO | On Shelf |
La Grange Public Library - Stacks | 332.6322 LO | On Shelf |
St. Charles Public Library District - Adult Nonfiction | 332.64 LO | On Shelf |
More Details
Published
Princeton, New Jersey : Princeton University Press, [2017].
Format
Book
Physical Desc
x, 483 pages, 8 unnumbered pages of plates : illustrations (some color), charts (some color) ; 25 cm
Language
English
ISBN
9780691135144, 0691135142
Notes
Bibliography
Includes bibliographical references (pages 421-462) and index.
Description
"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.
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Citations
APA Citation, 7th Edition (style guide)
Lo, A. W. (2017). Adaptive markets: financial evolution at the speed of thought . Princeton University Press.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Lo, Andrew W. 2017. Adaptive Markets: Financial Evolution At the Speed of Thought. Princeton University Press.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Lo, Andrew W. Adaptive Markets: Financial Evolution At the Speed of Thought Princeton University Press, 2017.
MLA Citation, 9th Edition (style guide)Lo, Andrew W. Adaptive Markets: Financial Evolution At the Speed of Thought Princeton University Press, 2017.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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