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Adaptive Markets: Financial Evolution at the Speed of Thought by Andrew W. Lo (Hardcover, 2017)

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Adaptive Markets : Financial Evolution at the Speed of Thought, Hardcover by Lo, Andrew W., ISBN 0691135142, ISBN-13 9780691135144, Like New Used, Free P&P in the UK Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence and other fields, the author, in response to recent modern financial theories, introduces a new paradigm that explains how financial evolution shapes behavior and markets at the speed of thought.

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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