Andrew W.Lo

Adaptive Markets: Financial Evolution at the Speed of Thought

Notify me when the book’s added
To read this book, upload an EPUB or FB2 file to Bookmate. How do I upload a book?
This book is currently unavailable
756 printed pages
Have you already read it? How did you like it?
👍👎

Quotes

  • Dilobar Kasymovahas quoted6 years ago
    behavioral economists agree that sustained emotional stress impairs our ability to make rational decisions.
  • Зауреhas quoted7 years ago
    An “efficient” market is defined as a market where there are large numbers of rational, profit-maximizers actively competing, with each trying to predict future market values of individual securities, and where important current information is almost freely available to all participants.… In an efficient market, on the average, competition will cause the full effects of new information on intrinsic values to be reflected “instantaneously” in actual price
  • Зауреhas quoted7 years ago
    Samuelson reasoned as follows. If investors were able to incorporate all the potential impact of future events on an asset’s price today, then future price changes could not be predicted based on any of today’s information.

On the bookshelves

fb2epub
Drag & drop your files (not more than 5 at once)