TY  - BOOK
AU  - Lo, Andrew W.
TI  - Adaptive markets: financial evolution at the speed of thought
SN  - 9780691135144
U1  - 332.64LO 
PY  - 2017///
CY  - Princeton, NJ
PB  - Princeton University Press
KW  - Finance; Stock exchanges; Economics
N1  - includes Bibliographic reference and Index
N2  - 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
ER  -