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69 273 Ft
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Product details:
- Publisher OUP Oxford
- Date of Publication 4 November 2004
- ISBN 9780198566403
- Binding Hardback
- No. of pages360 pages
- Size 247x174x24 mm
- Weight 735 g
- Language English
- Illustrations numerous line drawings 0
Categories
Short description:
The Minority Game, invented in the late 1990s, makes it possible to understand stock market fluctuations in terms of information ecology between traders. With a minimal set of ingredients and drastic assumptions, this model reproduces market ecology among different types of traders. Its emphasis is on speculative trading and information flow.
MoreLong description:
The Minority Game is a physicist's attempt to explain market behaviour by the interaction between traders. With a minimal set of ingredients and drastic assumptions, this model reproduces market ecology among different types of traders. Its emphasis is on speculative trading and information flow. The book first describes the philosophy lying behind the conception of the Minority Game in 1997, and includes in particular a discussion about the El Farol bar problem. Then it reviews the main steps in later developments, including both the theory and its applications to market phenomena. This book gives a colourful and stylized, but also realistic picture of how financial markets operate.
Much of the book is devoted to examining the generalizations and extensions of the basic MG idea...essential reading for those who wish to gain a deep understanding of this idea
Table of Contents:
Introduction
Early works
Understanding the Minority Games dynamics
Minority Games as market models
Quest for better cooperation
Selected publications
Source code