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Bridge over ocean
25 February 2010 Multimedia

The Adaptive Markets Hypothesis and the New Investment Paradigm

  1. Andrew W. Lo

In this presentation, Dr. Lo presents a perspective in which behavioral and rational market dynamics can co-exist.

In this presentation, Dr. Lo presents a perspective in which behavioral and rational market dynamics can co-exist. By using evolutionary principles to explain investor behavior, Dr. Lo shows that the existing models and methods of modern finance are not wrong, but merely incomplete.