Minority Games
Interacting agents in financial markets
Seiten
2013
Oxford University Press (Verlag)
978-0-19-968669-8 (ISBN)
Oxford University Press (Verlag)
978-0-19-968669-8 (ISBN)
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.
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. It then reviews the main steps in later developments, including both the theory and its applications to market phenomena. 'Minority Games' gives a colourful and stylized, but also realistic picture of how financial markets operate.
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. It then reviews the main steps in later developments, including both the theory and its applications to market phenomena. 'Minority Games' gives a colourful and stylized, but also realistic picture of how financial markets operate.
Damien Challet, Mathematical Institute, University of Oxford, Matteo Marsili, ICTP, Trieste, Italy, Yi-Cheng Zhang, Department de Physique, Universite de Fribourg, Switzerland
1. Introduction ; 2. Early works ; 3. Understanding the Minority Game dynamics ; 4. Minority Games as market models ; 5. Quest for better cooperation ; A. List of selected publications ; B. Source code
Reihe/Serie | Oxford Finance Series |
---|---|
Zusatzinfo | numerous line drawings |
Verlagsort | Oxford |
Sprache | englisch |
Maße | 169 x 238 mm |
Gewicht | 592 g |
Themenwelt | Mathematik / Informatik ► Mathematik ► Angewandte Mathematik |
Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik | |
Naturwissenschaften ► Physik / Astronomie ► Festkörperphysik | |
Naturwissenschaften ► Physik / Astronomie ► Thermodynamik | |
Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
Wirtschaft ► Volkswirtschaftslehre | |
ISBN-10 | 0-19-968669-6 / 0199686696 |
ISBN-13 | 978-0-19-968669-8 / 9780199686698 |
Zustand | Neuware |
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