Title
Adaptive Markets: Financial Evolution At The Speed Of Thought
Delivery time: 8-12 business days (International)
A New, Evolutionary Explanation Of Markets And Investor Behaviorhalf 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 Believeand 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 Market 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 Thoughta Fact Revealed By Swings Between Stability And Crisis, Profit And Loss, And Innovation And Regulation.A Fascinating Intellectual Journey Filled With Compelling Stories, Adaptive Markets Starts With The Origins Of Market Efficiency And Its Failures, Turns To The Foundations Of Investor Behavior, And Concludes With Practical Implicationsincluding How Hedge Funds Have Become The Galpagos Islands Of Finance, What Really Happened In The 2008 Meltdown, And How We Might Avoid Future Crises.An Ambitious New Answer To Fundamental Questions In Economics, Adaptive Markets Is Essential Reading For Anyone Who Wants To Know How Markets Really Work.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.