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. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework--the Adaptive Markets Hypothesis--in which rationality and irrationality coexist. 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.
Автор: Metzger-Court Название: Japan`s Socio-Economic Evolution ISBN: 1138973734 ISBN-13(EAN): 9781138973732 Издательство: Taylor&Francis Рейтинг: Цена: 6430.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: From the commercial and industrial transformation of Osaka in the late 19th century to the role and status of Japanese multinationals in Europe: these two themes represent both the time-span and the breadth of this volume.
Автор: Schneider Название: The Evolution of Economic Ideas and Systems ISBN: 0367024756 ISBN-13(EAN): 9780367024758 Издательство: Taylor&Francis Рейтинг: Цена: 29093.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This text presents a ground-breaking, pluralistic introduction to economic history and the history of economic thought drawing on various economics schools of thought and encouraging students to consider which ideas and systems are still relevant in the modern world.
Автор: Bucke Richard Maurice Название: Cosmic Consciousness: A Study in the Evolution of the Human Mind ISBN: 9563101170 ISBN-13(EAN): 9789563101171 Издательство: Неизвестно Рейтинг: Цена: 3440.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
This work is the magnum opus of Bucke's career, a project that he researched and wrote over many years. In it, Bucke described his own experience, that of contemporaries (most notably Whitman, but also unknown figures like "C.P."), and the experiences and outlook of historical figures including Buddha, Jesus, Paul, Plotinus, Muhammad, Dante, Francis Bacon, and William Blake. Bucke developed a theory involving three stages in the development of consciousness: the simple consciousness of animals; the self-consciousness of the mass of humanity (encompassing reason, imagination, etc.); and cosmic consciousness - an emerging faculty and the next stage of human development. Among the effects of this progression, he believed he detected a lengthy historical trend in which religious conceptions and theologies had become less and less fearful. A classic work.
Автор: Schneider Название: The Evolution of Economic Ideas and Systems ISBN: 0367024772 ISBN-13(EAN): 9780367024772 Издательство: Taylor&Francis Рейтинг: Цена: 8114.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This text presents a ground-breaking, pluralistic introduction to economic history and the history of economic thought drawing on various economics schools of thought and encouraging students to consider which ideas and systems are still relevant in the modern world.
Автор: J?rgen Kumbartzki Название: Die interne Evolution von Organisationen ISBN: 3824476045 ISBN-13(EAN): 9783824476046 Издательство: Springer Рейтинг: Цена: 8489.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: J rgen Kumbartzki f hrt konomische bzw. organisationale Entwicklungen auf allgemeine Prinzipien der Variation, Selektion und Retention zur ck, die grunds tzlich auf verschiedenen Systemebenen der Organisation wirken, und integriert die unterschiedlichen Betrachtungsebenen in einem Ansatz.
Автор: Prof. Dr. Lambert T. Koch; Marc Gr?nhagen Название: The Evolution of Entrepreneurs` Fund-Raising Intentions ISBN: 3834910716 ISBN-13(EAN): 9783834910714 Издательство: Springer Рейтинг: Цена: 6986.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Recent entrepreneurship research discusses numerous potential obstacles on the path towards business formation. The acquisition of resources, especially external finance, constitutesaformidablechallengefoundershavetomeet.Substantialrejectionratesof potential investors create external selection pressures on new ventures in that they contributetofailuresorinfluencethegrowthofsurvivingyoungcompanies.However, the founders themselves take an active role in the search for financial resources by addressing various potential financiers and taking decisions on the direction and continuation of their search for investors. Similarly, the results of the large US Panel Study of Entrepreneurial Dynamics point at the importance of adjustments in founders' fund-raising intentions in the course of early stage financial development of new ventures. The work at hand focuses on this process of solving problems during the search for external funding in emerging new ventures. The author explicitly does not analyze which factors of success will allow to convince potential investors with certainty. Regarding the search for funding as an open-ended process for epistemological reasons, heratheraimsatthereconstructionofsearchprocessesandthederivationof explanatorypatternsfortheactionsofventurefoundersinsearchofexternalfunding.
Описание: CVA, DVA, and FVA, which are the acronyms for credit, debit, and funding valuation adjustments, have become widely used by major banks since the financial crisis. This book aims to bridge the gap between the highly complex and mathematical models used by these banks to adjust the value of debt securities and interest rate derivatives, and the end users of the valuations, for example, accountants, auditors, and analysts. The book, which is essentially a tutorial, demonstrates the types of models that are used using binomial trees that are featured in the CFA® fixed income curriculum and allows readers to replicate the examples using a spreadsheet.
Автор: Strumeyer Название: The Capital Markets: Evolution of the Financial Ec osystem ISBN: 1119220548 ISBN-13(EAN): 9781119220541 Издательство: Wiley Рейтинг: Цена: 12514.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The Capital Markets: evolution of the financial ecosystem is the new standard providing practical text book style coverage of this dynamic market and its products.
Автор: Powell Название: The Evolution of the Money Market 1385-1915 ISBN: 1138060402 ISBN-13(EAN): 9781138060401 Издательство: Taylor&Francis Рейтинг: Цена: 7961.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This reissue (1916) is still recognised as a valuable historical and analytical study of the rise and development of finance as a centralised, coordinated force during the period 1385 to 1915. It examines the evolution of the money market, and describes the decline of the anti-usury sentiment, the beginnings of banking, and the early stock exchange.
CVA, DVA, and FVA, which are the acronyms for credit, debit, and funding valuation adjustments, have become widely used by major banks since the financial crisis. This book aims to bridge the gap between the highly complex and mathematical models used by these banks to adjust the value of debt securities and interest rate derivatives, and the end users of the valuations, for example, accountants, auditors, and analysts. The book, which is essentially a tutorial, demonstrates the types of models that are used using binomial trees that are featured in the CFA(R) fixed income curriculum and allows readers to replicate the examples using a spreadsheet.
ООО "Логосфера " Тел:+7(495) 980-12-10 www.logobook.ru
