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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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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Frequently Asked Questions
- Q: What is the main premise of 'Adaptive Markets' by Andrew Lo? A: 'Adaptive Markets' presents the Adaptive Markets Hypothesis, which suggests that rationality and irrationality coexist in financial markets, challenging traditional views on market efficiency.
- Q: Who is the author of 'Adaptive Markets' and what is his background? A: The author, Andrew W. Lo, is a professor of finance at MIT and has expertise in economics, finance, and behavioral finance.
- Q: How many pages does 'Adaptive Markets' have? A: 'Adaptive Markets' has a total of 504 pages.
- Q: When was 'Adaptive Markets' published? A: 'Adaptive Markets' was published on May 2, 2017.
- Q: What is the binding type of 'Adaptive Markets'? A: 'Adaptive Markets' is available in hardcover binding.
- Q: What topics does 'Adaptive Markets' cover? A: 'Adaptive Markets' covers topics such as market efficiency, investor behavior, financial regulation, and the psychological aspects of financial decision-making.
- Q: Is 'Adaptive Markets' suitable for someone with no background in finance? A: Yes, 'Adaptive Markets' is written for a broad audience and provides insights into finance without requiring extensive prior knowledge.
- Q: What are the practical implications discussed in 'Adaptive Markets'? A: 'Adaptive Markets' discusses how understanding financial evolution can help prevent future financial crises and improve investment strategies.
- Q: Is 'Adaptive Markets' a first edition? A: Yes, the 'Adaptive Markets' book is a first edition.
- Q: What can readers expect from the writing style of 'Adaptive Markets'? A: Readers can expect a compelling narrative that combines storytelling with academic research, making complex concepts accessible.