|
Books > Business & Economics > Finance & accounting > Finance > Investment & securities
|
Buy Now
The Adaptive Markets Hypothesis - An Evolutionary Approach to Understanding Financial System Dynamics (Hardcover)
Loot Price: R886
Discovery Miles 8 860
You Save: R55
(6%)
|
|
|
The Adaptive Markets Hypothesis - An Evolutionary Approach to Understanding Financial System Dynamics (Hardcover)
Series: Clarendon Lectures in Finance
Expected to ship within 12 - 17 working days
|
The Adaptive Markets Hypothesis (AMH) presents a formal and
systematic exposition of a new narrative about financial markets
that reconciles rational investor behaviour with periods of
temporary financial insanity. In this narrative, intelligent but
fallible investors learn from and adapt to randomly shifting
environments. Financial markets may not always be efficient, but
they are highly competitive, innovative, and adaptive, varying in
their degree of efficiency as investor populations and the
financial landscape change over time. Andrew Lo and Ruixun Zhang
develop the mathematical foundations of the AMH—a simple yet
surprisingly powerful set of evolutionary models of behaviour—and
then apply these foundations to show how the most fundamental
economic behaviours that we take for granted can arise solely
through natural selection. Drawing on recent advances in cognitive
neuroscience and artificial intelligence, the book also explores
how our brain affects economic and financial decision making. The
AMH can be applied in many contexts, ranging from designing trading
strategies, to managing risk and understanding financial crises, to
formulating macroprudential policies to promote financial
stability. This volume is a must read for anyone who has ever been
puzzled and concerned by the behaviour of financial markets and the
implications for their personal wealth, and seeks to learn how best
to respond to such behaviour.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
