Adaptive Markets: Financial Market Dynamics and Human Behavior (MITx 15.481x)
by Andrew W. Lo · MIT Open Learning Library
The Adaptive Markets Hypothesis, in which rationality and irrationality coexist: market efficiency and its limits, behavioral biases, the neuroscience and evolution of decision-making, and applications to hedge funds, the 2008 financial crisis and ethics in finance. Eleven archived self-paced units.
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CFA Institute
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Undergraduate textbook covering the psychology of judgment and decision-making, prospect theory, limits to arbitrage, and how biases show up in investor behavior, corporate finance, and market anomalies. Readers learn to connect experimental evidence to observed pricing puzzles and financial decisions.
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