Publications

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- 22.

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

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.

What Do Humans Perceive in Asset Returns?

2019
Hasanhodzic, Jasmina, Andrew W. Lo, and Emanuele Viola (2019), What Do Humans Perceive in Asset Returns?, Journal of Portfolio Management 45 (4), 49–60.
Jasmina Hasanhodzic and Emanuele Viola

Biological Economics

2018
Lo, Andrew W., and Ruixun Zhang (2018), Biological Economics, edited volume, Edward Elgar Publishing.

All the News that’s Fit to Print

2018
Lo, Andrew W. (2018), All the News that’s Fit to Print, RISK, October 25.

Is Smaller Better? A Proposal to Use Bacteria for Neuroscientific Modeling

2018
Ram, Archana, and Andrew W. Lo (2018), Is Smaller Better? A Proposal to Use Bacteria for Neuroscientific Modeling, Frontiers in Computational Neuroscience 12 (7).

Variety Is the Spice of Life: Irrational Behavior as Adaptation to Stochastic Environments

2018
Brennan, Thomas J., Andrew W. Lo, and Ruixun Zhang (2018), Variety Is the Spice of Life: Irrational Behavior as Adaptation to Stochastic Environments, Quarterly Journal of Finance 8 (3), 55–108.

Adaptive Markets

2017
Lo, Andrew W. (2017), Adaptive Markets: Financial Evolution at the Speed of Thought, Princeton University Press.