Business Books podcast: “adaptive” markets – Andrew Lo

MIT Sloan Professor Andrew Lo

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?

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.

MIT Sloan Experts Podcast: Uber, Lyft and Racial Bias

MIT Sloan Professor Christopher Knittel

We hope you enjoy the latest installment of the MIT Sloan Experts Podcast series!

The third in our series of MIT Sloan Experts podcasts features Chris Knittel, professor of applied economics at MIT Sloan, talking about his latest research on racial bias in the ride-sharing industry.

Knittel’s research focuses on how Uber and Lyft are failing black passengers and what to do about it. Listen to this brief podcast and find out how Knittel came to his conclusions, what his findings say about drivers who cancel on customers with names that generally indicate they are a person of color, and what takeaways Uber and Lyft can garner from these findings to improve.