Andrew Lo

Andrew Lo is a renowned financial economist known for his innovative work on how markets and investors behave. He developed the "Adaptive Markets Hypothesis," which suggests that financial markets evolve over time, balancing stability and change much like biological systems. Lo's research combines economics, psychology, and biology to better understand market dynamics and investment strategies. His ideas challenge traditional views of efficient markets by emphasizing human behavior, learning, and adaptation. Overall, he aims to improve financial theory and practice, helping investors and institutions make smarter, more resilient decisions.