Adaptive Markets

Adaptive Markets

Author: Andrew W. Lo

Publisher: Princeton University Press

ISBN: 9780691191362

Category: Business & Economics

Page: 504

View: 753

Download Now
"Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration 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 marked 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."--Inside flap.
Adaptive Markets
Language: en
Pages: 504
Authors: Andrew W. Lo
Categories: Business & Economics
Type: BOOK - Published: 2019-05-14 - Publisher: Princeton University Press

"Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration 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
Emerging Markets
Language: en
Pages: 226
Authors: Vito Bobek, Chee-Heong Quah
Categories: Business & Economics
Type: BOOK - Published: 2021-07-07 - Publisher: BoD – Books on Demand

The rapid growth and development of emerging economies offer both opportunities and threats for international businesses. Understanding the economic development of emerging markets, combined with a knowledge of the increasingly complex international business market, enables better exploitation of opportunities in increasingly competitive world markets. The BRIC countries, the most prominent
Risk-Return Relationship and Portfolio Management
Language: en
Pages: 323
Authors: Raj S. Dhankar
Categories: Business & Economics
Type: BOOK - Published: 2019-10-24 - Publisher: Springer Nature

This book covers all aspects of modern finance relating to portfolio theory and risk–return relationship, offering a comprehensive guide to the importance, measurement and application of the risk–return hypothesis in portfolio management. It is divided into five parts: Part I discusses the valuation of capital assets and presents various techniques
Entrepreneurial Finance at the Dawn of Industry 4.0
Language: en
Pages: 110
Authors: Quan-Hoang Vuong
Categories: Business & Economics
Type: BOOK - Published: 2020-12-04 - Publisher: MDPI

The advent of the fourth industrial revolution, Industry 4.0, brings about both opportunities and challenges that are likely to set developed economies even farther apart from emerging economies. This book, through the perspective of researchers in the emerging markets, presents analyses on a number of issues important to entrepreneurial finance,
CMT Level II 2017
Language: en
Pages: 768
Authors: Mkt Tech Assoc
Categories: Business & Economics
Type: BOOK - Published: 2017-01-10 - Publisher: John Wiley & Sons

Everything you need to pass Level II of the CMT Program CMT Level II 2017: Theory and Analysis fully prepares you to demonstrate competency applying the principles covered in Level I, as well as the ability to apply more complex analytical techniques. Covered topics address theory and history, market indicators,