| Description |
x, 254 pages : illustrations ; 25 cm |
| Contents |
1. Financial markets as complex systems -- 2. Standard finance theory -- 3. A complex walk down Wall Street -- 4. Financial market models with global interactions -- 5. Financial market models with local interactions -- 6. Non-zero risk in the real world -- 7. Deterministic dynamics, chaos, and crashes |
| Summary |
"Financial markets are a fascinating example of 'complexity in action': a real-world complex system whose evolution is dictated by the decisions of crowds of traders who are continually trying to win a vast global 'game'. This book draws on recent ideas from the highly topical science of complexity and complex systems, to address the following questions. How do financial markets behave? Why do financial markets behave in the way that they do? What can we do to minimize risk, given this behaviour?"--BOOK JACKET |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references ([page 252]) and index |
| Subject |
Finance -- Statistical methods.
|
|
Finance -- Mathematical models.
|
|
Statistical physics.
|
| Author |
Jefferies, Paul.
|
|
Hui, Pak Ming.
|
| LC no. |
2002044694 |
| ISBN |
0198526652 |
|
