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Adaptive Markets: Financial Market Dynamics and Human Behavior

Massachusetts Institute of TechnologyUnited States15.481X
Free, no sign-up neededFall 2022English
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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. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Prof. Lo cuts through the debate in this course with a new framework—the Adaptive Markets Hypothesis—in which rationality and irrationality coexist.

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