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: Hodgson, Geoffrey M. Название: Evolution of institutional economics ISBN: 0415322537 ISBN-13(EAN): 9780415322539 Издательство: Taylor&Francis Рейтинг: Цена: 6123.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson`s fans have come to know and love, and that a new generation of readers will surely come to appreciate.
Описание: Drawing on a range of local and international experiences, this collection of essays focuses on cases where citizens, nonprofits, developers, cities, and state and federal agencies overcame challenges and mitigated risks to redevelop brownfields using leading-edge practices and simple innovations.
Автор: Hardwick David F., Marsh Leslie Название: Reclaiming Liberalism ISBN: 3030287599 ISBN-13(EAN): 9783030287597 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
"David Hardwick and Leslie Marsh have assembled a contentious collection of independent thinkers on liberalism's identity and prospects. Should liberalism be democratic, classical, ordo, legalistic, culture-based, market-based, or what? The international crew of authors--from Australia, Canada, China and the USA--draw upon the insights of key historic figures from Locke to Montesquieu to Burke to Dewey to Hayek to Rawls (and of course others, given liberalism's rich history), and they leave us with a set of liberalisms both in collision and in overlapping agreement. This book is stimulating reading for those engaged with next-generation liberal thought."
--Stephen R. C. Hicks, Professor of Philosophy at Rockford University.
This collection redresses the conceptual hubris and illiteracy that has come to obscure the central presuppositions of classical liberalism - that is, the wresting of epistemic independence from overwhelming concentrations of power, monopolies and capricious zealotries, whether they be statist, religious or corporate in character.
Автор: Hardwick David F., Marsh Leslie Название: Reclaiming Liberalism ISBN: 3030287629 ISBN-13(EAN): 9783030287627 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
1. Reclaiming Democratic Classical Liberalism; David Ellerman.- 2. Democracy, Liberalism, and Discretion: The Political Puzzle of the Administrative State; Stephen Turner.- 3. Ordoliberalism as the Operationalisation of Liberal Politics; Mikayla Novak.- 4. Liberalism, Through a Glass Darkly; David F. Hardwick and Leslie Marsh.- 5. Liberalism and the Nine Waves of Modern Freedom; David D. Corey.- 6. Liberalism for the 21st Century: From markets to civil society, from economics to human beings; Gus diZerega.- 7. The Origins of the Rule of Law; Andrew Irvine.- 8. Burke's Liberalism: Prejudice, Habit, and Affections and the Remaking of the Social Contract; Lauren Hall.- 9. Democratic Peace Theory, Montesquieu, and Public Choice; Sarah Burns and Chad Van Schoelandt.- 10. 'China's Hayek' and the Horrors of Totalitarianism: the Liberal Lessons in Gu Zhun's Thought; Chor-yung Cheung.
Автор: Ambler Lucy, Earle Joe, Scott Nicola Название: Reclaiming Economics for Future Generations ISBN: 1526165295 ISBN-13(EAN): 9781526165299 Издательство: NBN International Рейтинг: Цена: 26209.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Reclaiming economics for future generations argues that to build economies which serve people and the planet we need a diverse and decolonised curriculum. How does the global economy currently fail people and the planet, and why has mainstream economics knowledge inadequately addressed the pressing issues of today? -- .
Автор: Courvisanos, Jerry Название: Reclaiming Pluralism in Economics ISBN: 1138951765 ISBN-13(EAN): 9781138951761 Издательство: Taylor&Francis Рейтинг: Цена: 23734.00 р. Наличие на складе: Нет в наличии.
Автор: Malte Faber; R. Manstetten; John L.R. Proops Название: Evolution, Time, Production and the Environment ISBN: 3540580441 ISBN-13(EAN): 9783540580447 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Several readers and in particular reviewers of the first edition remarked, in one way or the other, that they had questions concerning several of our OUf concepts, concepts, such as genotype, phenotype, ignorance, surprise, sUlprise, novelty, novelty, knowledge, knowledge, predictable predictable and unpredictable processes etc.
Автор: David Batten; John L. Casti; B?rje Johansson Название: Economic Evolution and Structural Adjustment ISBN: 3540181830 ISBN-13(EAN): 9783540181835 Издательство: Springer Рейтинг: Цена: 12157.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Associated dynamic analyses have therefore been preoccupied with the stability of this equilibrium state, corresponding simply to studies of comparative statics. A common objective is to study and classify ways in which the qualitative properties of each system change as the parameters describing the system vary.
Автор: R. Leeson Название: The Keynesian Tradition ISBN: 1349525855 ISBN-13(EAN): 9781349525850 Издательство: Springer Рейтинг: Цена: 11878.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume examines the process by which Keynes` message got interpreted and re-interpreted and thus separated into a Left and a Right political-economic stream. Archival evidence is used to shed a fresh light on many of the controversies (and colourful characters) of the Keynesian tradition.
Автор: Kurt Dopfer; Karl Friedrich Raible Название: The Evolution of Economic Systems ISBN: 1349111554 ISBN-13(EAN): 9781349111558 Издательство: Springer Рейтинг: Цена: 7965.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Honouring Ota Sik`s economics, political life, and his social and humane concerns, this book brings together contributions from economists from East and West. It examines principally the evolution of different economic systems.
Автор: Lord Robbins Название: The Evolution of Modern Economic Theory ISBN: 1349008788 ISBN-13(EAN): 9781349008780 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
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