X
Categorii:
inchide meniul
Noutati 2021
Bestselleruri
L-V 08:00 - 20:00 0371.781.781

Adaptive Markets

4.14

117.68  Lei

sau 11768 de puncte. Detalii.

Livrare in 25 zile lucratoare

Cod: BRT9780691191362

An aparitie: 2019

Autor: Andrew W. Lo

Categoria: Economics

Categoria: Theory

Editie: Paperback

Editura: Princeton University Press

Format: 229 x 154 x 30 mm

Limba: English

Nr. pagini: 504



Adauga in wishlist

Trebuie sa fii logat

Transport Gratuit peste 90 de lei
Puncte de fidelitate
30 de Zile Drept de Retur
 

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. 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 transforms the debate with a powerful new framework in which rationality and irrationality coexist--the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is 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. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.

Livrarea se face din stoc din depozitul de carte Libris, in zilele lucratoare. Transportul este gratuit prin curier rapid, oriunde in Romania, pentru orice comanda de minimum 90 de lei. Pentru orice solicitare apelati call center-ul Libris de luni pana vineri intre orele 8-20.


sus
Feedback Wishlist
// // //