Adaptive Markets: Financial Evolution at the Speed of Thought, Paperback/Andrew W. Lo

Descriere YEO:

Adaptive Markets: Financial Evolution at - Disponibil la elefant.ro

Pe YEO găsești Adaptive Markets: Financial Evolution at de la Princeton University Press, în categoria Foreign Books.

Indiferent de nevoile tale, Adaptive Markets: Financial Evolution at the Speed of Thought, Paperback/Andrew W. Lo din categoria Foreign Books îți poate aduce un echilibru perfect între calitate și preț, cu avantaje practice și moderne.

Preț: 139.99 Lei

Caracteristicile produsului Adaptive Markets: Financial Evolution at

• Brand: Princeton University Press
• Categoria: Foreign Books
• Magazin: elefant.ro
• Ultima actualizare: 21-12-2024 01:38:29

Comandă Adaptive Markets: Financial Evolution at Online, Simplu și Rapid

Prin intermediul platformei YEO, poți comanda Adaptive Markets: Financial Evolution at de la elefant.ro rapid și în siguranță. Bucură-te de o experiență de cumpărături online optimizată și descoperă cele mai bune oferte actualizate constant.

Descriere magazin:
Description A new, evolutionary explanation of markets and investor behavior 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. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist--the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is 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. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work. About the Author Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He is the author of Hedge Funds and the coauthor of A Non-Random Walk Down Wall Street (both Princeton), among other books.