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: Susan Strange Название: States and Markets ISBN: 1474236928 ISBN-13(EAN): 9781474236928 Издательство: Bloomsbury Academic Рейтинг: Цена: 4117.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
' States and Markets] should be read by every student of international political economy.' - International Relations Theory.
Susan Strange was one of the most influential international relations scholars of the latter half of the twentieth century. She is regarded by many as the creator of the discipline of international political economy (IPE) and leaves behind an impressive body of work. States and Markets is one of Strange's seminal texts. Strange Introduces the reader to a unique critical model for understanding the relationship between politics and economics centred on her four-faceted model of power consisting of: security, production, finance and knowledge. Using these terms Strange provides a rigorous analysis of the effects of political authority, including states, on markets and conversely of market forces on states. The Revelations edition includes a new foreword by Ronen Palan.
Описание: American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.
Автор: Dietrich, Simone Название: States, Markets, And Foreign Aid ISBN: 1009001752 ISBN-13(EAN): 9781009001755 Издательство: Cambridge Academ Рейтинг: Цена: 4909.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Weaving together scholarship in political economy, public administration and historical institutionalism, Dietrich explains the variation in how donor governments deliver foreign aid projects under similar circumstances. The bureaucratic institutions of donor countries inform how donors see and set their objectives for international development.
Автор: Christiansen & Basilgan Название: Economic Behavior, Game Theory, And Technology In Emerging Markets ISBN: 1466647450 ISBN-13(EAN): 9781466647459 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 27027.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Game Theory has provided an extremely useful tool in enabling economists to venture into unknown areas. Its concepts of conflict and cooperation apply whenever the actions of several agents are interdependent; providing language to formulate as well as to structure, analyse, and understand strategic scenarios.Economic Behavior, Game Theory, and Technology in Emerging Markets explores game theory and its deep impact in developmental economics, specifically the manner in which it provides a way of formalising institutions. This is particularly important for emerging economies which have not yet received much attention in the academic world. This publication is useful for academics, professors, and researchers in this field, but it has also been compiled to meet the needs of non-specialsits as well.
Автор: Hough Название: The Long Process of Development ISBN: 1107063698 ISBN-13(EAN): 9781107063693 Издательство: Cambridge Academ Рейтинг: Цена: 13622.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This groundbreaking book examines England and Spain`s history from 1000 to 1800 and the legacy of these countries in the United States and Mexico to explain why development takes centuries. It emphasizes the need for an effective state and is an indispensable supplement to books that focus on representative institutions.
Автор: Schoenman Название: Networks and Institutions in Europe`s Emerging Markets ISBN: 1107031346 ISBN-13(EAN): 9781107031340 Издательство: Cambridge Academ Рейтинг: Цена: 7445.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Examines the role of social networks in the efficient running of democratic market economies. This title is also available as Open Access.
Автор: Tony Southall Название: European Financial Markets ISBN: 3790820733 ISBN-13(EAN): 9783790820737 Издательство: Springer Рейтинг: Цена: 20263.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: EU membership involves political and economic reforms which influence financial markets in the new member states. This study explores and quantifies the effects of EU accession on the risk and return of equity markets in eight Central and Eastern European markets joining the EU in 2004.
Автор: Fligstein, Neil Название: Architecture of markets ISBN: 0691102546 ISBN-13(EAN): 9780691102542 Издательство: Wiley Рейтинг: Цена: 6336.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Market societies have created more wealth, and more opportunities for more people, than any other system of social organization in history. Addressing the unruly dynamism that capitalism brings with it, this work argues that the basic drift of any one market and its actors, even allowing for competition, is toward stabilization.
Автор: Shleifer, Andrei Название: Inefficient Markets: An Introduction to Behavioural Finance ISBN: 0198292287 ISBN-13(EAN): 9780198292289 Издательство: Oxford Academ Рейтинг: Цена: 23760.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: `The Efficient Markets Hypothesis` has been the central proposition of finance for nearly 30 years. This book presents an alternative view of financial markets: behavioural finance. Shleifer demonstrates the oversimplification of EMH both in the common assumption of perfect rationality and the failure of arbitrage to adjust prices correctly.
Автор: Hans Gersbach; Hans Haller Название: Groups and Markets ISBN: 3319605151 ISBN-13(EAN): 9783319605159 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature.
Автор: Esping-andersen, Gosta Название: Politics against markets ISBN: 0691604509 ISBN-13(EAN): 9780691604503 Издательство: Wiley Рейтинг: Цена: 9504.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
This comparative analysis of Scandinavian social democracies argues that the fate of socialist parties is decided, to a significant degree, by their own policies and reforms_not solely by the changes in social structure emphasized in previous studies. Combining quantitative analysis and historical case studies to demonstrate the electoral effects of party policy, Gosta Esping-Andersen formulates a theory that is applicable not only to Scandinavia but to Western Europe as a whole. In addition, he explains why the support basis of social democracy has deteriorated so much more in Denmark than in Sweden and Norway.
Originally published in 1985.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
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