Adaptive Markets presents Andrew S. Lo's idea about markets: they're neither rational nor irrational, rather both characteristics live together. The debate between financial theory and behavioural economics, therefore, would be solved.
Lo's book, published by Princeton University Press, has a subtitle that is revealing about his approach: Financial Evolution at the Speed of Thought. Biology, genetics and other disciplines, in fact, come into play when talking about his economical approach. So much so that a big chunk of the first part of the book is devoted to biology and various episodes in its history.
Lo's way of explaining his approach is very informal, relating not only to episodes regarding the economy but also his personal life, such as the first when he challenged the world of economical academics or a day at the zoo with his son.
Psychology, too, has a very important park in his book. The explanation of how and why crises happen is in fact partly psychological. Evolution has shaped human minds to react in a fight or flight mode, but facing markets this can just be the wrong reaction.
Lo goes on explaining why the 2008 crisis happened and how another big one could be avoided.
Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th
Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della
Within the framework of this presentation, Viktor Pershikov, MFTA, (a leading technical analyst in R
One of the biggest conferences in Switzerland, which brings together the private equity, venture cap
Within the framework of this presentation, Viktor Pershikov, MFTA (a leading technical analyst in Ru
Updates and news from MarketPlus
|SMI® PR||9032.89||-0,20 %|
|LYXOR DAX INAV||121.555||-0,48 %|
|FTSE MIB Index||20833.88||-0,46 %|
|FTSE 100||7424.13||-0,20 %|
|CAC 40||5266.12||-0,30 %|
|S&P 500||2438.30||0,16 %|
|NASDAQ Composite||6265.2495||0,46 %|
|HANG SENG INDEX||25670.05||-0,02 %|
|Powered by Yahoo Finance|