Andrew Lo’s theory to beat a theory

Author of Adaptive Markets tells Risk.net what his ideas mean for investors and regulators

Andrew Lo
Andrew Lo: "We are in a situation now of greater fragility"

MIT finance professor Andrew Lo’s new book – Adaptive markets: financial evolution at the speed of thought – takes readers on an intellectual journey through subjects as varied as cognitive science, evolutionary biology and investment theory.

It’s a narrative where market blow-ups have similarities to extinction events, where investors are battling their inner ape, and where hedge funds are the super-predators of a financial Galapagos Islands. It’s a view of financial markets red in tooth and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: