An Evolutionary Approach to Understanding Financial System Dynamics
Description
The Adaptive Markets Hypothesis is a formal and systematic exposition. Lo and Zhang develop the mathematical foundations of the simple yet powerful evolutionary model and show that the most fundamental economic behaviours that we take for granted emerge solely through natural selection.
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'The Adaptive Markets Hypothesis - Lo, Andrew W. (Charles E. and Susan T. Harris Professor, Zhang, Ruixun (Assistant Professor and Boya Young Fellow'.
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