SKU: 485383488

Adaptive Markets: Financial Evolution at the Speed of Thought

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Adaptive Markets: Financial Evolution at the Speed of ThoughtA 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. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In

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. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist--the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.



Binding Type: Paperback
Publisher: Princeton University Press
Published: 05/14/2019
ISBN: 9780691191362
Pages: 504
Weight: 1.85lbs
Size: 9.25h x 6.10w x 1.20d
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SKU: 485383488

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4.9 ★★★★★
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Carl P Marshall
Lexington, US
★★★★★ 5
Valuable resource
Format: Spiral-bound
Excellent book for NCLEX prepping.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on May 6, 2025
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Beeeduhh4
Dallas, US
★★★★★ 5
Definitely worth the purchase!!!
Format: Paperback
I am in my first semester of med surg and it's extremely helpful. Make sure to utilize the access code too with all the extra practice questions!!!! Love it.
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Reviewed in the United States on May 21, 2022
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Carina A. Luciano
Waukegan, US
★★★★★ 5
Must have for NCLEX
Format: Paperback
This book is a must have for NCLEX review. It has beautiful pictures, concise and straight to the point information. Highly recommend it.
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Reviewed in the United States on March 27, 2022
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Nathalie
Massapequa, US
★★★★★ 4
It’s okay
Format: Paperback
I’m a veteran RN who left nursing to raise my family. I let my license expire because I did not have to work, nor did I want to. I was burnt out. Anyway, I decided to get my license reinstated and instead of doing expensive refresher courses, I’m taking the NCLEX. Again. After 18 years. I just wanted to brush up on some of the topics and procedures. I don’t know… this book was okay. It was nice to have access to all the practice questions, but I did notice that a lot of times, the “correct” answers went directly against what it says in the book. I feel like that’s confusing, especially for a new grad nurse who doesn’t have much time in the field. Anyway, I wouldn’t buy this again, but I’m testing tomorrow, so we will see how it goes!
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Reviewed in the United States on August 10, 2022
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Quadasia Edmonds
Port Orchard, US
★★★★★ 5
YOU NEED THIS
Format: Paperback
This helped me pass my NCLEX-RN after failing 3x. You have to buy it !
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Reviewed in the United States on October 13, 2022

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