Get news updates from WGBH
BOSTON PUBLIC RADIO
Thu January 3, 2013
Using Evolutionary Biology to Predict Financial Success
The stock market may be tough to predict. Even marquee investment houses build wrong guesses into their business models. But here's what's not tough to predict: humans trading stocks and making investment decisions will make mistakes — sometimes with tragic consequences.
MIT's Andrew Lo argues evolutionary biology may be the key to understanding how humans react to financial choices, and how they may behave in the future. He joined Kara Miller to talk about his research.
- Andrew Lo, professor of finance and Director of the Laboratory for Financial Engineering at MIT's Sloan School.