Adaptive Markets by Andrew W. Lo audiobook

Adaptive Markets: Financial Evolution at the Speed of Thought

By Andrew W. Lo
Read by Jonathan Yen

Tantor Audio 9780691135144

Unabridged

Format : Retail CD (In Stock)
  • $55.99

    ISBN: 9781665245371

  • $99.99

    ISBN: 9781665245364

  • $55.99

    ISBN: 9781665245388

Runtime: 20.36 Hours
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English

Summary

Summary

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—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 W. 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.

Reviews

Reviews

You're reviewing: Adaptive Markets

How do you rate this product? *

 
1 1 star
2 2 star
3 3 star
4 4 star
5 5 star
Quality
Price
Value

Author

Author Bio: Andrew W. Lo

Author Bio: Andrew W. Lo

Titles by Author

Details

Details

Available Formats : Retail CD, Library CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 20.36
Audience: Adult
Language: English