SKU: 485383488

Adaptive Markets: Financial Evolution at the Speed of Thought

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Adaptive Markets: Financial Evolution at the Speed of ThoughtA new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In

A new, evolutionary explanation of markets and investor behavior

Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist--the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.



Binding Type: Paperback
Publisher: Princeton University Press
Published: 05/14/2019
ISBN: 9780691191362
Pages: 504
Weight: 1.85lbs
Size: 9.25h x 6.10w x 1.20d
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SKU: 485383488

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A Primer
Houston, US
★★★★★ 5
Soft Catch Tray
Color: Black, Size: Sectional, Color: Black, Size: Sectional
Pros: 1. Soft tray. Has almost a silicon type texture. Won’t scratch items you put in the tray. The segmented sections are the perfect size for wallet, keys, sunglasses, watches, etc. Phone section is slightly angled as well. 2. Rubber feet helps it stay in place and doesn’t slide. I have mine on top of my watch winder and it has moved even when throwing items on it. 3. Build quality is great. Has a textured hard bottom and soft inner. Everything has a nice finish. 4. Price is great for the quality received. Cons: 1. The silicon inner material is a dust magnet. Makes it difficult to keep clean. Summary: This is a great option for an organized tray. I am extremely happy with the quality and functionality of what I received. Spigen is always a great brand.
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Reviewed in the United States on April 6, 2026
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Draper, US
★★★★★ 5
Quality and affordability
Color: Black
This is one of the best jewelry boxes I have ever had. It is super sleek and practically designed. It sits well on a counter or dresser and blends into the room with ease. The compartments are well designed and lined with velvet that makes your jewelry pieces feel well protected and easily accessed. You are able to organize in a way that works for you. I really liked the quality of the product and though it’s not perfect, it’s worth the price for sure.
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Reviewed in the United States on December 18, 2025
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Amazon Customer
Grantham, US
★★★★★ 5
Pretty
Color: Pink
So so so so cute. Holds more then I expected it too.
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Reviewed in the United States on May 29, 2026
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Peggy Switzer
Phoenix, US
★★★★★ 5
Perfect Jewerly Box for anyone
Color: Black
I just love it. I love how many drawers there are, how many sections there are, and how I have the option to hang up necklaces or even bracelets. I showed it to my daughter, and she loved it. It sits perfectly up in my closet on a shelf out of sight. This is exactly what i been looking for. I settled for what I thought I wanted, but this one is the perfect one
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Reviewed in the United States on March 15, 2026
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Amazon Customer
Lexington, US
★★★★★ 4
Good quality but there are better
Color: Black
Great quality, good amount of storage space. Biggest complaint is that the hooks inside don't really have hooks at all, just these little gold stick like things. Jewelry falls off easily.
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Reviewed in the United States on May 16, 2026

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