Publications

Paying Off the Competition: Market Power and Innovation Incentives

2022
Li, Xuelin, Andrew W. Lo, and Richard T. Thakor (2022), Paying Off the Competition: Market Power and Innovation Incentives, Working Paper.

Social Contagion and the Survival of Diverse Investment Styles

2022
Hirshleifer, David A. Andrew W. Lo, and Ruixun Zhang (2022), Social Contagion and the Survival of Diverse Investment Styles, Working Paper.

Hamilton’s rule in economic decision-making

2022
Levy, Moshe, and Andrew W. Lo (2022), Hamilton’s rule in economic decision-making, Proceedings of the National Academy of Sciences 119 (16).

When Do Investors Freak Out? Machine Learning Predictions of Panic Selling

2022
Elkind, Daniel, Kathryn Kaminski, Andrew W. Lo, Kien-Wei Siah, and Chi Heem Wong (2022), When Do Investors Freak Out? Machine Learning Predictions of Panic Selling, Journal of Financial Data Science 4 (1), 11-39.

The Wisdom of Crowds Versus the Madness of Mobs: An Evolutionary Model of Bias, Polarization, and Other Challenges to Collective Intelligence

2022
Lo, Andrew W., Ruixun Zhang (2022), The Wisdom of Crowds Versus the Madness of Mobs: An Evolutionary Model of Bias, Polarization, and Other Challenges to Collective Intelligence, Collective Intelligence 1(1). https://doi.org/10.1177/26339137221104785.

Hamilton’s Rule in Economic Decision-Making

2022
Levy, Moshe, Andrew W. Lo, (2022), Hamilton’s Rule in Economic Decision-Making, PNAS Vol. 119 (16), 1-5.

Real-time Extended Psychophysiological Analysis of Financial Risk Processing

2022
Singh, Manish , Qingyang Xu, Sarah Wang, Tinah Hong, Mohammed Ghassemi, Andrew W. Lo (2022) Real-time Extended Psychophysiological Analysis of Financial Risk Processing, PLoS ONE 17(7): e0

Introduction to PNAS special issue on evolutionary models of financial markets

2021
Levin, Simon, and Andrew W. Lo (2021), Introduction to PNAS special issue on evolutionary models of financial markets, PNAS 118 (26), 1-5.

The Financial System Red in Tooth and Claw: 75 Years of Co-Evolving Markets and Technology

2021
Lo, Andrew W. (2021), The Financial System Red in Tooth and Claw: 75 Years of Co-Evolving Markets and Technology, Financial Analysts Journal 77 (3), 5-33.

To Maximize or Randomize? An Experimental Study of Probability Matching in Financial Decision Making

2021
Lo, Andrew W., Katherine Marlowe, Ruixun Zhang (2021), To maximize or randomize? An experimental study of probability matching in financial decision making, PLoS ONE 16(8), 1-20.

The evolutionary origin of Bayesian heuristics and finite memory

2021
Lo, Andrew W., and Ruixun Zhang (2021), The evolutionary origin of Bayesian heuristics and finite memory, Science 24 (8).

Introduction to PNAS special issue on evolutionary models of financial markets

2021
Levin, Simon A., Andrew W. Lo (2021), Introduction to PNAS special issue on evolutionary models of financial markets, PNAS 118 (26), 1-5.

The origin of cooperation

2021
Koduri, Nihal, Andrew W. Lo (2021), The origin of cooperation, PNAS 118 (26), 1-7.

Measuring Risk Preferences and Asset-Allocation Decisions: A Global Survey Analysis

2020
Lo, Andrew W., Alexander Remorov, and Zied Ben Chaouch (2020), Measuring Risk Preferences and Asset-Allocation Decisions: A Global Survey Analysis, Journal of Investment Management 18 (3), 5-50.

On Black’s Leverage Effect in Firms with No Leverage

2019
Hasanhodzic, Jasmina, and Andrew W. Lo (2019), On Black’s Leverage Effect in Firms with No Leverage, Journal of Portfolio Management 46 (1), 106–122.