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  • Minority Games: Interacting agents in financial markets

    Minority Games by Challet, Damien; Marsili, Matteo; Zhang, Yi-Cheng;

    Interacting agents in financial markets

    Series: Oxford Finance Series;

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      • Publisher's listprice GBP 145.00
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        69 273 Ft (65 975 Ft + 5% VAT)
      • Discount 10% (cc. 6 927 Ft off)
      • Discounted price 62 346 Ft (59 378 Ft + 5% VAT)

    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
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    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.

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    Long 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

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    Table of Contents:

    Introduction
    Early works
    Understanding the Minority Games dynamics
    Minority Games as market models
    Quest for better cooperation
    Selected publications
    Source code

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