Free delivery on all orders above RM80 to Malaysia
Get 10% off all year round! Join Thryft Club
Buy 3 Get Another Free On All Under RM33

Your cart

Your cart is empty

Check out these collections!

Bestselling Fiction
Bestselling Nonfiction
Bestselling Books for Children
Vintage and Rare Books
Vinyl Records
Women's Clothing
Men's Clothing

Stay in touch and win free books

Keep up with our latest sales and events, and receive
recommendations direct to your inbox. We'll only send the good stuff, promise!

By completing this form, you are signing up to receive our emails and can unsubscribe at any time

Adaptive Markets: Financial Evolution at the Speed of Thought

by Andrew W. Lo
RM111.51 MYR
Compare to estimated retail price: RM172.37 MYR  

The item you've got your eye on is secondhand. You probably already know that, but just in case!

The estimated retail price shown next to any listed item represents the first-hand prices we've seen elsewhere, or the estimated original retail price of a comparable item of the same quality, construction and material offered elsewhere in new condition.

Adaptive Markets: Financial Evolution at the Speed of Thought
Adaptive Markets: Financial Evolution at the Speed of Thought

Evolving markets through psychology, biology, technology.

If you've ever been baffled by the erratic nature of the stock market, "Adaptive Markets" by Andrew Lo might just be the eye-opener you need. Lo skillfully merges insights from various disciplines to present a fresh perspective on market dynamics that challenges traditional economic models. It isn't just an academic treatise; it's a vibrant narrative that weaves in evolutionary principles with real-world financial phenomena. Whether you're an investor, a student of economics, or simply curious about the interplay between human behavior and market fluctuations, this book breaks down complex ideas into engaging, digestible stories and could potentially transform your understanding of financial markets.

  • Financial Times Business Book of the Year Nominee for Shortlist (2017)
  • PROSE Award for Excellence in Social Sciences (2018)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Adaptive Markets: Financial Evolution at the Speed of Thought

by Andrew W. Lo
RM111.51 MYR
Compare to estimated retail price: RM172.37 MYR  

The item you've got your eye on is secondhand. You probably already know that, but just in case!

The estimated retail price shown next to any listed item represents the first-hand prices we've seen elsewhere, or the estimated original retail price of a comparable item of the same quality, construction and material offered elsewhere in new condition.

ISBN: 9780691135144
Authors: Andrew W. Lo
Publisher: Princeton University Press
Date of Publication: 2017-05-02
Format: Hardcover
Related Collections: Science, Business, Economics, History
Related Topics: Money, Psychology, Finance, Neuroscience
Goodreads rating: 4.06
(rated by 1370 readers)

Description

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--and as financial bubbles, crashes, and crises suggest. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hang on the outcome. 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 isn't wrong but merely 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 in economics, Adaptive Markets is essential reading for anyone who wants to know how markets really work.
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

Find out more about our process here.

 

Evolving markets through psychology, biology, technology.

If you've ever been baffled by the erratic nature of the stock market, "Adaptive Markets" by Andrew Lo might just be the eye-opener you need. Lo skillfully merges insights from various disciplines to present a fresh perspective on market dynamics that challenges traditional economic models. It isn't just an academic treatise; it's a vibrant narrative that weaves in evolutionary principles with real-world financial phenomena. Whether you're an investor, a student of economics, or simply curious about the interplay between human behavior and market fluctuations, this book breaks down complex ideas into engaging, digestible stories and could potentially transform your understanding of financial markets.

  • Financial Times Business Book of the Year Nominee for Shortlist (2017)
  • PROSE Award for Excellence in Social Sciences (2018)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.