000			01144nam a2200169Ia 4500
005			20250117103818.0
008			250117s9999 xx 000 0 und d
020			_a9780691135144
082			_a332.64LO
100			_aLo, Andrew W.
245		0	_aAdaptive markets _bfinancial evolution at the speed of thought
260			_aPrinceton, NJ _bPrinceton University Press _c2017
300			_ax, 483 p.: ill. ; 25 cm
500			_aincludes Bibliographic reference and Index
520			_aHalf 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.
650			_aFinance; Stock exchanges; Economics
999			_c6324 _d6324