Adaptive Finance: Embracing Uncertainty and Complexity

By Sergio Focardi and Frank J. Fabozzi

A groundbreaking bridge between traditional financial theories and emerging interdisciplinary approaches, offering a unique perspective on finance in these uncertain times.

From a seasoned expert in finance, behavioral finance, complexity science, and quantum finance.

Adaptive Finance offers a forward-looking exploration of the evolving world of finance, addressing the most pressing challenges and emerging trends facing financial markets today. It examines how traditional economic and financial models, long dominant in the field, are being redefined by advancements in behavioral science, mathematics, and technology. Financial professionals and academics must confront risks and dynamics that established theories often fail to capture in an era marked by complexity, technological disruption, and global uncertainty. This book provides the intellectual foundation needed to tackle these challenges.

The chapters span a wide range of topics--from behavioral finance and causal models to quantum finance and innovations in financial systems--offering a comprehensive view of the forces reshaping finance. The book begins with well-established frameworks and progressively explores cutting-edge concepts, guiding readers through the transformation of financial theory and practice. Each chapter stands on its own, making the book suitable for both comprehensive study and selective reading. Blending foundational principles with speculative ideas, the authors present a timely perspective on how finance must adapt to a more complex and dynamic world.

• Format: Paperback
• Language: English
• ISBN: 0262051419
• ISBN13: 9780262051415
• Release Date: February 2026
• Publisher: MIT Press
• Length: 232 Pages