From Financial Times
The adaptive markets theory is a “reframing of our view of financial markets”, says Andrew Lo, author of Adaptive Markets: Financial Evolution at the Speed of Thought.
In the fifth episode of the Business Books podcast, hear Lo, shortlisted for the Financial Times & McKinsey Business Book of the Year Award, in conversation with John Authers, the FT’s senior investment commentator.
Rather than looking at markets as a mechanical system with laws of motion, Lo’s hypothesis takes the view that markets “are a human endeavour and as a result are subject more to laws of biology than physics”. What is the future for markets?
— FT Work & Careers (@ftworkcareers) October 26, 2017
Read the full post and listen to the entire podcast at Financial Times.
Andrew W. Lo is the Charles E. and Susan T. Harris Professor, a Professor of Finance, and the Director of the Laboratory for Financial Engineering at the MIT Sloan School of Management.