Masters In Business: Andrew Lo Of MIT

1
Masters In Business: Andrew Lo Of MIT

Masters in Business rad Andrew Lo. Author of  A Non-Random Walk Down Wall Street; and  most recent book is Adaptive Markets: Financial Evolution at the Speed of Thought.

Play Quizzes 4

Podcast and more on the book below

London Value Investor Conference 2022: Chris Hohn On Making Money And Saving The World

business activist 1653311320Chris Hohn the founder and manager of TCI Fund Management was the star speaker at this year's London Value Investor Conference, which took place on May 19th. The investor has earned himself a reputation for being one of the world's most successful hedge fund managers over the past few decades. TCI, which stands for The Read More

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

 

Andrew Lo Of MIT

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–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.

Adaptive Markets: Financial Evolution at the Speed of Thought

 

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com
Previous article Samsung Galaxy Note 8: What We Know So Far
Next article Xbox Head Spencer Reveals Key Details Of Project Scorpio

No posts to display

1 COMMENT

  1. I make in the range of 6,000-8,000 dollars /every month working from home online. Everyone prepared to complete simple online work for 2h-5h every day from comfort of your home and make decent payment while doing it… Try this gigRead more here> DELICIOUSURL.COM//2q

    gdgdgfg

Comments are closed.