Bøger af Guo Ying Luo

The economic concept of equilibrium infers rational participants, yet what happens when analysts and traders behave unpredictably? Darwin takes over. This book shows how traditional economic equilibria can exist despite natural selection in irrational markets.

Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information.