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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Mad Jack
Lowell, US
★★★★★ 5
Inexpensive walls.
Color: Grey, Size: 34" - 3 Panel, Color: Grey, Size: 34" - 3 Panel
We had a hot request for a workstation in the warehouse with some privacy. These have worked great. Easy to assemble. They are lightweight and stable. This was an inexpensive solution that looks professional. Our client loved it.
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Reviewed in the United States on August 1, 2025
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Amber
Port Orchard, US
★★★★★ 1
Dont wait! Assemble right away! Just in case you need to return it.
Color: Black, Size: 22" - 4 Panel
Ok, I like the idea of this but the assembly is frustrating. One side lined up perfectly with the holes however, the small bars that connect the screen to base is not lining up. I think it's do the fabric the screen or divider is made of. It's not stretchy. I brought this months ago and just opened it today. I'm upset and don't even think returning it is possible. If the material was a bit longer or stretchy to give a little room to work with this divider would be great. However, I'm not sure what I can use it for since I'm unable to attach it to the bottom. Beware! Don't wait like me. Tip for the manufacturer. Next time invest in Velcro dividers so the fabric can be adjusted with ease. Literally if I take the screen off the frame aligns perfectly. However, it defeats its purpose of privacy. I might buy some material myself and create a more flexible divider. Or I'll buy Velcro myself and attach to the bottom. I don't know yet.
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Reviewed in the United States on December 15, 2025
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Susan R.
Omaha, US
★★★★★ 5
Great value for price. Cute, lightweight. Could be used anywhere.
Size: 3 Panel, Color: White
Nice, lightweight. Good value for price. It's exactly what I needed for my hallway to keep my cats separate from each other. I used two zip ties to eyescrews in door trim and it opens up perfect to wall. Warm air gets thru and cats can see out/in. But can't get under or over. It's perfect for my use!!!!
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Reviewed in the United States on October 23, 2025
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emily a hurst
Phoenix, US
★★★★★ 5
Great seller and really nice items!
Size: 6 Panel, Color: White
These room dividers are really lovely. They are great quality and just perfect for providing privacy in a sunroom while still allowing light in to keep the room sunny. I highly recommend.
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Reviewed in the United States on April 24, 2026
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Lisa K.
Whiting, US
★★★★★ 5
Nice divider!
Size: 4 Panel, Color: White
I use this as a "barrier" to keep my cat out of the guest room. I don't have to close the door anymore because the divider allows light and air through. Adds a nice touch to the decor, as well. Very lightweight and serves its purpose.
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Reviewed in the United States on January 3, 2026

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