A new, evolutionary explanation of markets and investor behavior
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. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hangs on the answer. 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 is 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 thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.
Автор: Campbell, John W. Название: The econometrics of financial markets ISBN: 0691043019 ISBN-13(EAN): 9780691043012 Издательство: Wiley Рейтинг: Цена: 11088.00 р. Наличие на складе: Ожидается поступление.
Описание: Covers the spectrum of empirical finance, including the predictability of asset returns, tests of the Random Walk Hypothesis, the microstructure of securities markets, event analysis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, and the term structure of interest rates, dynamic models of economic equilibrium.
Автор: L. Liebenberg Название: The Electronic Financial Markets of the Future ISBN: 033399860X ISBN-13(EAN): 9780333998601 Издательство: Springer Рейтинг: Цена: 27931.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The Electronic Financial Markets of the Future is concerned with e-business as it applies to financial institutions who operate within these markets. The model identifies two primary inter-related technological causes of change and the elegance and simplicity of the model and format provide a means to evaluate devlopments in the financial markets.
Описание: Submerging Markets is a valuable resource asset to the world academic community, government agencies, global business organizations and anyone interested in the impact of the new financial regulations and reforms implemented after the 2008 crisis, relative to the possible and probable future economic growth rates of the emerging markets (BRICS).
Автор: Marino Rich Название: Submerging Markets ISBN: 0230362737 ISBN-13(EAN): 9780230362734 Издательство: Springer Рейтинг: Цена: 10976.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Submerging Markets is a valuable resource asset to the world academic community, government agencies, global business organizations and anyone interested in the impact of the new financial regulations and reforms implemented after the 2008 crisis, relative to the possible and probable future economic growth rates of the emerging markets (BRICS).
Автор: Bouchaud, Jean-philippe Bonart, Julius (university Название: Trades, quotes and prices ISBN: 110715605X ISBN-13(EAN): 9781107156050 Издательство: Cambridge Academ Рейтинг: Цена: 11563.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: For decades, discussions of financial markets have primarily centred on prices. In this book for practitioners, researchers and advanced students, the authors present an alternative approach - the microstructure approach - by considering the micro-scale actions of individual traders, and addressing many long-standing questions regarding market fairness, stability, and optimal trading.
Описание: Provides what you need to get started on the right foot in the increasingly popular options market. This book helps you learn what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements.
Автор: D. Gregory Название: Unmasking Financial Psychopaths ISBN: 1349475394 ISBN-13(EAN): 9781349475391 Издательство: Springer Рейтинг: Цена: 6097.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Unmasking Financial Psychopaths suggests that an increasing number of financiers labeled "financial psychopaths" are not truly psychopathic, but instead are by-products of a rapidly changing personal and professional environment.
Автор: Morecroft Название: The Origins of Asset Management from 1700 to 1960 ISBN: 3319847589 ISBN-13(EAN): 9783319847580 Издательство: Springer Рейтинг: Цена: 6097.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers.
Описание: Some may never be able to retire.Investors and savers of every age and stripe will want to pay careful attention to the concentrated wisdom in this book and take proactive steps to protect themselves while there`s still time.
Автор: Gregory Название: Unmasking Financial Psychopaths ISBN: 1137370750 ISBN-13(EAN): 9781137370754 Издательство: Springer Рейтинг: Цена: 7317.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Unmasking Financial Psychopaths suggests that an increasing number of financiers labeled "financial psychopaths" are not truly psychopathic, but instead are by-products of a rapidly changing personal and professional environment.
Автор: Carlisle Tobias E Название: Deep Value ISBN: 1118747968 ISBN-13(EAN): 9781118747964 Издательство: Wiley Рейтинг: Цена: 10771.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The economic climate is ripe for another golden age of shareholder activism. This book offers an exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond.
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