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Adaptive Markets

Financial Evolution at the Speed of Thought

Andrew W. Lo

Adaptive Markets

Adaptive Markets

Financial Evolution at the Speed of Thought

Adaptive Markets

 

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.


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Beschrijving Adaptive Markets

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 cr


ISBN
9780691135144
Pagina's
504
Verschenen
NUR
780
Druk
1
Uitvoering
Hardback
Taal
Engels
Uitgever
Princeton University Press

Economie en bedrijf