How long does it take to read Adaptive Markets?
Andrew W. Lo
Adaptive Markets by Andrew W. Lo takes about 9 hours 14 minutes to read at 250 words a minute.
About 9 hours 14 minutes
A week or two of reading
First published 2017. 504 pages, about 138,600 words.
19 days at 30 minutes a day
Estimate based on 275 words per page.
At other speeds
| Slow, 150 words a minute | 15 hours 24 minutes |
| Average, 250 words a minute | 9 hours 14 minutes |
| Fast, 400 words a minute | 5 hours 47 minutes |
The page count is the median across 5 editions, so your copy may differ. How we calculate.
About the book
"Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration 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 marked 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."--Inside flap.
Subjects: Economics, Finance, Stock exchanges, Investments, Securities
