4 ms·
Has anyone read Adaptive Markets? If so would you recommend it? I'm concerned about this line from the article: > Lo’s next step is to develop mathematical m
by mrjaeger 9y ago
Has anyone read Adaptive Markets? If so would you recommend it? I'm concerned about this line from the article:
> Lo’s next step is to develop mathematical models to test the ability of his hypothesis to explain market behavior.
Is there any experimental data to back up his theoretical framework? It's a very tempting idea to buy into (people in general work things out, on an individual level they make a lot of mistakes). I worry about his arguments following logically but falling apart once his theories have been tested.
- cgio 9y agoIf he is the Lo I think he is then his textbook on econometrics (Mckinsey & Lo?) is one of the best. I would guess econometric studies support his insights already but he tries to formulate experimental results in a consistent model that aligns with his theory.
- Nicholas_C 9y agoLo & MacKinlay. Anytime I hear Andrew Lo I think of MacKinlay as I heard their names used together 1,000 times during undergrad.
- cgio 9y agoThank you. I knew I probably had the name wrong. It's been a few years since my undergrad years and that's a painful reminder.
- mattmanser 9y agoYes, it's the same person: http://alo.mit.edu/biography/ http://alo.mit.edu/biography/
- darawk 9y agoI found Adaptive Markets to be pretty weak. I was excited to read it, but I didn't finish it, because I found the content to be relatively facile and substanceless. YMMV, though.