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  • Adaptive Markets

  • Financial Evolution at the Speed of Thought
  • By: Andrew W. Lo
  • Narrated by: Jonathan Yen
  • Length: 20 hrs and 21 mins
  • Unabridged
  • Overall
    4.5 out of 5 stars 18
  • Performance
    4 out of 5 stars 17
  • Story
    4.5 out of 5 stars 16

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 - 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 W. Lo cuts through this debate with a new framework.

  • 5 out of 5 stars
  • Interesting hypothesis

  • By Fishforreal on 15-06-18

Great book

Overall
5 out of 5 stars
Performance
5 out of 5 stars
Story
5 out of 5 stars

Reviewed: 10-06-18

This book brings together different thoughts and various ideas from different fields to help us understand how financial markets work. The ending of the book gives us hope for the future.