Adaptive Markets

Author: Andrew W. Lo
Publisher: Princeton University Press
ISBN: 1400887763
Size: 75.28 MB
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In this groundbreaking book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist.

D Rtme

Author: Richard H. Thaler
ISBN: 9786053430421
Size: 70.18 MB
Format: PDF, Kindle
View: 7219
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Author: Robert G Hagstrom
Publisher: Columbia University Press
ISBN: 023153101X
Size: 41.70 MB
Format: PDF, ePub, Mobi
View: 3828
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Andrew Lo's The Adaptive Markets Hypothesis: Market Efficiency from an
Evolutionary Perspective is heading in the same direction. Lo admits he
struggled with the conflict between the two schools of thought for many years until
it dawned on him that there was no conflict at all. Lo reminds us of ... One of them,
according to Farmer, concerns the question of speed: innovation in financial
markets is rapid, compared to the slow, r andom-variation process in biological
systems. Because of ...