Andrew W. Lo
What’s inside
Adaptive Markets offers a new, evolutionary explanation of market phenomena. Andrew Lo challenges efficient market hypotheses and presents a more nuanced, adaptive model that accounts for the dynamic, ever-changing markets and investors’ behaviors.
You’ll Learn
- Understanding of market dynamics beyond traditional theories
- Insights into how human psychology affects financial decisions
- Strategies for adapting investment approaches to evolving markets
- Knowledge of policy implications from an adaptive perspective
Key Points
- Challenging the Efficient Market Hypothesis
- Introduction of the Adaptive Markets Hypothesis
- The Role of Human Behavior in Finance
- Evolutionary Dynamics in Market Behavior
- Psychological Influences on Investment Decisions
- Policy Implications of Adaptive Markets
- Future of Financial Markets
Who’s it For
- Economists
- Financial Professionals
- Investors
- Academic Scholars
- Students of Finance
About the author
Andrew W. Lo is a distinguished finance professor at MIT Sloan School of Management and a prolific writer on financial theory.