Adaptive Markets: Financial Evolution at the Speed of Thought

ISBN-13: 9780691191362 / Angielski / Miękka / 2019 / 504 str.

Andrew W. Lo

Opis

A new, evolutionary explanation of markets and investor behaviorHalf 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 eco