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About the book
A new, evolutionary explanation of markets and investor behaviorHalf of all Americans have money in the stock market, yet economists can (TM)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 transf...Show more
Book details
ISBN
9780691191362
Publisher
Princeton University Press
Published year
2019
Language
Edition
1
Original title
Adaptive Markets
Format
Paperback
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