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Adaptive Markets: Financial Evolution at the Speed of Thought Book by Andrew W. Lo
Adaptive Markets: Financial Evolution at the Speed of Thought Book by Andrew W. Lo
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It presents a groundbreaking theory that blends classical economics, behavioral finance, and evolutionary biology to explain how financial markets evolve. Lo's Adaptive Markets Hypothesis challenges the Efficient Market Hypothesis by proposing that investor behavior adapts to changing environments, much like organisms in nature.
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