ESCP Europe

Item type

Ebook

Language

English

Publication year

2019

ISBN

978-0-691-19680-0

Note

• 1 user licence

Subjects

MARKET THEORY - ECONOMIC THEORY - CAPITAL MOVEMENT - ECONOMIC FORECAST

Geographical area

GENERAL

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 thoughta fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation.@EBSCO