The Adaptive Markets Hypothesis by Andrew W. Lo, Ruixun Zhang

28/05/2024 28h 1min
The Adaptive Markets Hypothesis by Andrew W. Lo, Ruixun Zhang

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Episode Synopsis

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Title: The Adaptive Markets Hypothesis
Author: Andrew W. Lo, Ruixun Zhang
Narrator: Mike Lenz
Format: mp3
Length: 28 hrs and 1 min
Release date: 05-28-24
Ratings: Not rated yet
Genres: Banks & Banking
Publisher's Summary:
The Adaptive Markets Hypothesis (AMH) presents a formal and systematic exposition of a new narrative about financial markets that reconciles rational investor behavior 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.