Interview With Andrew Lo: Masters in Business (Audio)
Masters in Business
00:00
Adaptive Markets, Financial Evolution at the Speed of Thought
While money is historically ancient, it's a novelty in comparison to the length of time the human species has been on the planet. The adaptations that are with us today were really the kind of features that were most useful for the Neolithic Ice Age. And so our decision-making capabilities are not ideally adapted to that environment.
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