상세정보
Export to Refworks부가기능
Adaptive markets : financial evolution at the speed of thought
상세 프로파일
| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Adaptive markets : financial evolution at the speed of thought/ Andrew W. Lo. |
| 개인저자 | Lo, Andrew W.(Andrew Wen-Chuan), author. |
| 발행사항 | Princeton, New Jersey: Princeton University Press, [2017]. |
| 형태사항 | 1 online resource (x, 483 pages): illustrations. |
| ISBN | 1400887763 9781400887767 |
| 서지주기 | Includes bibliographical references and index. |
| 내용주기 | Are we all 'homo economicus' now? -- If you're so smart, why aren't you rich? -- If you're so rich, why aren't you smart? -- The power of narrative -- The evolution revolution -- The adaptive markets hypothesis -- The Galapagos Islands of finance -- Adaptive markets in action -- Fear, greed, and financial crisis -- Finance behaving badly -- Fixing finance -- To boldly go where no financier has gone before. |
| 요약 | "Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration 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 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 marked 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."--Provided by publisher. |
| 일반주제명 | Investments --Psychological aspects. Investments --Decision making. Finance --Psychological aspects. Finance --Decision making. Securities. Stock exchanges. BUSINESS & ECONOMICS / Finance Investments --Psychological aspects. Securities. Stock exchanges. Rational Choice Investitionsverhalten Ineffizienz Regulierung |
| 언어 | 영어 |
| 바로가기 |  |
