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Adaptive markets financial evolution at the speed of thought

By: Material type: TextPublication details: Princeton, NJ Princeton University Press 2017Description: x, 483 p.: ill. ; 25 cmISBN:
  • 9780691135144
Subject(s): DDC classification:
  • 332.64LO
Summary: 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. 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.
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Item type Current library Call number Status Barcode
Book UONGOZI Institute Resources Centre - Dodoma 332.64LO (Browse shelf(Opens below)) Available 006014

includes Bibliographic reference and Index

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. 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.

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