Adaptive and Complex Markets

https://en.wikipedia.org/wiki/The_Theory_of_Moral_Sentiments

REVISITING MARKET EFFICIENCY: THE STOCK MARKET AS A COMPLEX ADAPTIVE SYSTEM by Michael J. Mauboussin

2001 Financial Market Efficiency in Coevolutionary Environment Blake LeBaron

Assessing Financial Markets through System Complexity Management
A Dissertation

Adaptive Markets: Financial Evolution at the Speed of Thought by Andrew W. Lo (MIT)

Markets adapt indeed when humans at the speed of individual and collective (via narratives) change their views about uncertain future

The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective
https://alo.mit.edu/book/adaptive-markets/
Hedge Fund Holdings and StockMarket Efficiency
The growth of relative wealth and the Kelly criterion

Does Covid-19 Prove the Stock Market Is Inefficient?

check other NODES of Knowen tree

Inefficient markets and arbitrage
Quality and uncertainty

Andrei Schleifer Inefficient Markets - an Introduction to Behavioural Finance

Psychologists at the Gate: A Review of Daniel Kahneman’s Thinking, Fast and Slow