SKU: 485383488

Adaptive Markets: Financial Evolution at the Speed of Thought

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Adaptive Markets: Financial Evolution at the Speed of ThoughtA 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

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.



Binding Type: Paperback
Publisher: Princeton University Press
Published: 05/14/2019
ISBN: 9780691191362
Pages: 504
Weight: 1.85lbs
Size: 9.25h x 6.10w x 1.20d
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SKU: 485383488

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anna emery
Chelsea, US
★★★★★ 3
Missing answers to even number questions
Format: Hardcover
Great info but there are no answers for the even number questions. Only for the odd numbers. I would like to all answers to questions.
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Reviewed in the United States on April 7, 2025
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Morgen Senior
San Leandro, US
★★★★★ 1
No access code
Format: Hardcover, Format: Hardcover
Cannot use access code. Silver part is extremely hard to scratch off I can see that part of the code is missing.
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Reviewed in the United States on March 19, 2024
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DoogieDog
New York, US
★★★★★ 5
The Only Resource You'll Need to Pass the RHIA
Format: Hardcover
What did I like? This textbook is fully comprehensive of all that you'll need in order to take and pass the RHIA examination. I lost my credentials when I didn't renew my professional dues and needed to take it again after 26 years. Granted I have experience in the field, but this book covered it all. What did I use this for? I used this text to prepare for my RHIA exam administered by AHIMA.
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Reviewed in the United States on February 28, 2023
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Em
Fort Morgan, US
★★★★★ 5
Excellent
Excellent reflections on the most important subject. This book provides and intermediate Christology. It brings the Biblical text and conciliar theology to help illuminate current discussions and debates on the person and work of Christ. Highly recommended.
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Reviewed in the United States on February 11, 2024
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D. Morgan
Fort Morgan, US
★★★★★ 5
Exactly what my sink needed!!
Color: Black, Color: Black
Okay, this thing turned out to be way more useful than I expected. It’s big enough to actually hold everything — sponge, scrub brush, even the soap dispenser — without looking cluttered or crammed together. Plus everything dries faster, so my sink area finally doesn’t look like a wet chaotic mess all the time. 😅 The quality is really solid too. Feels sturdy, doesn’t rust, and was super easy to install. It stays put and keeps water from collecting around the sink, which honestly makes cleanup so much easier. Such a simple little product, but it really does make the kitchen look cleaner and more organized. Definitely recommend.
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Reviewed in the United States on May 26, 2026

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