Adaptive markets

In 'Adaptive Markets: Financial Evolution at the Speed of Thought', Andrew W. Lo presents a new paradigm that combines rationality and irrationality in financial markets.

Drawing on psychology, evolutionary biology, neuroscience, and artificial intelligence, Lo explains how financial markets evolve and adapt, often leading to inefficiencies that can be exploited.

The book offers insights into managing risk, understanding financial crises, and formulating policies for financial stability.