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Allen Farrington @AllenFarrington · Mar 2, 2022
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As mentioned in the introduction to this chapter, of all of the dissenting work on the EMH, we most recommend by far, Andrew Lo’s “adaptive markets hypothesis” the original paper and the follow up book of the same name, as well as the various thoughts of Benoit Mandelbrot on fractals in financial markets - strewn across numerous academic papers but lucidly conveyed in the popular book the “misbehaviour of markets” and George Gilder’s “knowledge and power”

Paper Aug 15, 2004
The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective
by Andrew W. Lo
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