Half of all Americans have money in the stock market, yet economists cant 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 his new book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist.
Drawing on evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isnt wrong, but merely incomplete. Taking several examples from his book, Prof. Lo will provide an overview of his new theory of financial markets and what it means for financial crises, how we invest, and the future of financial technology.
When autoplay is enabled, a suggested video will automatically play next.
Think Fast, Talk Smart: Communication Techniques
Frank Abagnale: Catch Me If You Can Talks at Google
In Pursuit of the Perfect Portfolio: John C. Bogle
William Thorndike: The Outsiders Talks at Google
Oaktrees Marks Sees U.S. Pension Crisis Looming
CNBCs Becky Quick interviews Warren Buffett (2/25/19)
In Pursuit of the Perfect Portfolio: Robert J. Shiller
Brian Cox Lecture – GCSE Science brought down to Earth
Dissociative Identity Disorders and Trauma: GRCC Psychology Lecture
Mohnish Pabrai: Intensive Stock Research Can Be Injurious to Financial Health Talks at Google
The Upcoming Financial Crisis That Will Dwarf That of 2008 – Expect Civil Unrest
Tulku Lobsang: Freeing Yourself from Burnout Syndrome Talks at Google
Daniel Kahneman: Thinking, Fast and Slow Talks at Google
Friederike Fabritius: Fun, Fear, and Focus: The Neurochemical Recipe for […] Talks at Google
The Howard Marks Investor Series at The Wharton School: A Conversation with Howard Marks