Adaptive Markets: Financial Evolution at the… by Andrew W. Lo · Audiobook preview

Описание: PURCHASE ON GOOGLE PLAY BOOKS ►► https://g.co/booksYT/AQAAAICNWWTZ-M

Adaptive Markets: Financial Evolution at the Speed of Thought
Authored by Andrew W. Lo
Narrated by Jonathan Yen

0:00 Intro
0:03 Title Page
0:51 Introduction
33:52 Chapter 1. Are We All Homo economicus Now?
2:02:57 Outro

#andrewwlo #adaptivemarketsfinancialevolutionatthespeedofthought

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BOOK DESCRIPTION

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 W. 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.

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ABOUT THE AUTHOR

Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He is also the author of Hedge Funds and coauthor of A Non–Random Walk Down Wall Street and The Econometrics of Financial Markets.


Jonathan Yen was inspired by the Golden Age of Radio, and while the gold was gone by the time he got there, he's carried that inspiration through to commercial work, voice acting, and stage productions. From vintage Howard Fast science fiction to naturalist Paul Rosolie's true adventures in the Amazon, Jonathan loves to tell a good story.

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AUDIOBOOK DETAILS

Purchase on Google Play Books ►► https://g.co/booksYT/AQAAAICNWWTZ-M
Language: English
Publisher: Tantor Media Inc
Published on: January 18, 2018
ISBN: 9781541485297
Duration: 20 hr, 22 min
Genres: Business & Economics / Economics / General, Business & Economics / Economics / Theory, Business & Economics / Finance / General, Business & Economics / General, Business & Economics / Investments & Securities / General, Business & Economics / Investments & Securities / Stocks