Adaptive Markets: Financial Evolution at the Speed of Thought [Audiobook] download free by Andrew W. Lo

Adaptive Markets: Financial Evolution at the Speed of Thought Audiobook download free by Andrew W. Lo
  • Listen audiobook: Adaptive Markets: Financial Evolution at the Speed of Thought
  • Author: Andrew W. Lo
  • Release date: 2017/9/24
  • Publisher: PRINCETON UNIVERSITY PRESS
  • Language: English
  • Genre or Collection: Business, Finance and Law
  • ISBN: 9780691135144
  • Rating: 8.66 of 10
  • Votes: 313
  • Review by: Ramona Fairchild
  • Review rating: 7.14 of 10
  • Review Date: 2018/9/9
  • Duration: 6H10M59S in 256 kbps (100.8 MB)
  • Date of creation of the audiobook: 2018-09-29
  • You can listen to this audiobook in formats: WAV, WMA Lossless, WMA, Vorbis, MPEG4, MP3, FLAC (compression ZIP, ALZ, BZ2, BZ, TAR.Z, CAB, RAR)
  • Total pages original book: 504
  • Includes a PDF summary of 42 pages
  • Duration of the summary (audio): 31M7S (8.4 MB)
  • Description or summary of the audiobook: 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-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. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isn't wrong but merely 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.A fascinating intellectual journey filled with compelling stories, Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications-including how hedge funds have become the Galapagos Islands of finance, what really happened in the 2008 meltdown, and how we might avoid future crises. An ambitious new answer to fundamental questions in economics, Adaptive Markets is essential reading for anyone who wants to know how markets really work.
  • Other categories, genre or collection: Finance, Economic Theory & Philosophy, Economics, Behavioural Economics, Investment & Securities, Economic Forecasting
  • Download servers: Google Drive, MEGA, Dropbox, FileWhopper, 4Shared. Compressed in ZIP, ALZ, BZ2, BZ, TAR.Z, CAB, RAR
  • Format: Hardback
  • Approximate value: 40.16 USD
  • Dimensions: 162.56x238.76x40.64mm
  • Weight: 822g
  • Printed by: Not Available
  • Published in: New Jersey, United States

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