Financial Market Complexity What Physics Can Tell Us About Market Behaviour

Author : Neil F Johnson
Publisher :
ISBN 13 : 9780191712104
Total Pages : 254 pages
Book Rating : 4.08/5 ( download)

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Download or read book Financial Market Complexity: What Physics Can Tell Us about Market Behaviour written by Neil F Johnson and published by . This book was released on 2003 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work draws on ideas from the science of complexity and complex systems, to address the following questions: how do financial markets behave? why is this? and what can we do to minimize risk, given this behaviour?

Author :
Publisher :
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.16/5 ( download)

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Download or read book Financial Market Complexity written by and published by . This book was released on 2003 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Matthieu Cristelli
Publisher : Springer Science & Business Media
ISBN 13 : 3319007238
Total Pages : 223 pages
Book Rating : 4.36/5 ( download)

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Download or read book Complexity in Financial Markets written by Matthieu Cristelli and published by Springer Science & Business Media. This book was released on 2013-08-28 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tools and methods from complex systems science can have a considerable impact on the way in which the quantitative assessment of economic and financial issues is approached, as discussed in this thesis. First it is shown that the self-organization of financial markets is a crucial factor in the understanding of their dynamics. In fact, using an agent-based approach, it is argued that financial markets’ stylized facts appear only in the self-organized state. Secondly, the thesis points out the potential of so-called big data science for financial market modeling, investigating how web-driven data can yield a picture of market activities: it has been found that web query volumes anticipate trade volumes. As a third achievement, the metrics developed here for country competitiveness and product complexity is groundbreaking in comparison to mainstream theories of economic growth and technological development. A key element in assessing the intangible variables determining the success of countries in the present globalized economy is represented by the diversification of the productive basket of countries. The comparison between the level of complexity of a country's productive system and economic indicators such as the GDP per capita discloses its hidden growth potential.

Author : Rosario N. Mantegna
Publisher : Cambridge University Press
ISBN 13 : 1139431226
Total Pages : 164 pages
Book Rating : 4.24/5 ( download)

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Download or read book Introduction to Econophysics written by Rosario N. Mantegna and published by Cambridge University Press. This book was released on 1999-11-13 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The authors also present a stochastic model that displays several of the statistical properties observed in empirical data. Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling permit an understanding of the global behaviour of economic systems without first having to work out a detailed microscopic description of the system. Physicists will find the application of statistical physics concepts to economic systems interesting. Economists and workers in the financial world will find useful the presentation of empirical analysis methods and well-formulated theoretical tools that might help describe systems composed of a huge number of interacting subsystems.

Author : Yuji Aruka
Publisher : Springer
ISBN 13 : 4431548440
Total Pages : 234 pages
Book Rating : 4.47/5 ( download)

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Download or read book Evolutionary Foundations of Economic Science written by Yuji Aruka and published by Springer. This book was released on 2014-10-04 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to discern and distinguish the essential features of basic economic theories and compare them with new theories that have arisen in recent years. The book focuses on seminal economic ideas and theories developed mainly in the 1930s to 1950s because their emergence eventually led to new branches of economics. The book describes an alternative analytical framework spreading through the interdisciplinary fields of socioeconophysics and sociodynamics. The focus is on a set of branching or critical points that separate what has gone before from what has followed. W. Brian Arthur used the term “redomaining” when he referred to technological innovation. In the present volume the author aims to re domain economic theories suited for a new social order. Major technological innovations accompany not only changes in the economy and the market but changes in their meaning as well. In particular, the evolution of trading technology has changed the meaning of the “invisible hand.” At the end of the last century, the advent of socioeconophysics became a decisive factor in the emergence of a new economic science. This emergence has coincided with changes in the implications of the economy and the market, which consequently require a redomaining of economic science. In this new enterprise, the joint efforts of many scientists outside traditional economics have brought brilliant achievements such as power law distribution and network analysis, among others. However, the more diverse the backgrounds of economic scientists, the less integrated the common views among them may be, resulting in a sometimes perplexing potpourri of economic terminology. This book helps to mitigate those differences, shedding light on current alternative economic theories and how they have evolved.

Author : Phyllis McKay Illari
Publisher : Oxford University Press
ISBN 13 : 0199574138
Total Pages : 953 pages
Book Rating : 4.31/5 ( download)

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Download or read book Causality in the Sciences written by Phyllis McKay Illari and published by Oxford University Press. This book was released on 2011-03-17 with total page 953 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do ideas of how mechanisms relate to causality and probability differ so much across the sciences? Can progress in understanding the tools of causal inference in some sciences lead to progress in others? This book tackles these questions and others concerning the use of causality in the sciences.

Author : Jan Awrejcewicz
Publisher : BoD – Books on Demand
ISBN 13 : 9535108166
Total Pages : 360 pages
Book Rating : 4.60/5 ( download)

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Download or read book Nonlinearity, Bifurcation and Chaos written by Jan Awrejcewicz and published by BoD – Books on Demand. This book was released on 2012-10-24 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonlinearity, Bifurcation and Chaos - Theory and Application is an edited book focused on introducing both theoretical and application oriented approaches in science and engineering. It contains 12 chapters, and is recommended for university teachers, scientists, researchers, engineers, as well as graduate and post-graduate students either working or interested in the field of nonlinearity, bifurcation and chaos.

Author : James Rickards
Publisher : Penguin
ISBN 13 : 1591848083
Total Pages : 354 pages
Book Rating : 4.80/5 ( download)

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Download or read book The Road to Ruin written by James Rickards and published by Penguin. This book was released on 2016-11-15 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling author of The Death of Money and Currency Wars reveals the global elites' dark effort to hide a coming catastrophe from investors in The Road to Ruin, now a National Bestseller. A drumbeat is sounding among the global elites. The signs of a worldwide financial meltdown are unmistakable. This time, the elites have an audacious plan to protect themselves from the fallout: hoarding cash now and locking down the global financial system when a crisis hits. Since 2014, international monetary agencies have been issuing warnings to a small group of finance ministers, banks, and private equity funds: the U.S. government’s cowardly choices not to prosecute J.P. Morgan and its ilk, and to bloat the economy with a $4 trillion injection of easy credit, are driving us headlong toward a cliff. As Rickards shows in this frightening, meticulously researched book, governments around the world have no compunction about conspiring against their citizens. They will have stockpiled hard assets when stock exchanges are closed, ATMs shut down, money market funds frozen, asset managers instructed not to sell securities, negative interest rates imposed, and cash withdrawals denied. If you want to plan for the risks ahead, you will need Rickards’s cutting-edge synthesis of behavioral economics, history, and complexity theory. It’s a guidebook to thinking smarter, acting faster, and living with the comfort­ing knowledge that your wealth is secure. The global elites don’t want this book to exist. Their plan to herd us like sheep to the slaughter when a global crisis erupts—and, of course, to maintain their wealth—works only if we remain complacent and unaware. Thanks to The Road to Ruin, we don’t need to be. "If you are curious about what the financial Götterdämmerung might look like you’ve certainly come to the right place... Rickards believes -- and provides tantalizing snippets of private conversations with those who dwell in the very eye-in-the-pyramid -- that the current world monetary and financial system is on the verge of insolvency and that the world financial elites already have a successor system for which they are laying the groundwork." --Ralph Benko, Forbes

Author : Siddhartha Bhattacharyya
Publisher : CRC Press
ISBN 13 : 042984266X
Total Pages : 232 pages
Book Rating : 4.65/5 ( download)

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Download or read book Hybrid Computational Intelligence written by Siddhartha Bhattacharyya and published by CRC Press. This book was released on 2019-09-30 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hybrid computational intelligent techniques are efficient in dealing with the real-world problems encountered in engineering fields. The primary objective of this book is to provide an exhaustive introduction as well as review of the hybrid computational intelligent paradigm, with supportive case studies. In addition, it aims to provide a gallery of engineering applications where this computing paradigm can be effectively use. Finally, it focuses on the recent quantum inspired hybrid intelligence to develop intelligent solutions for the future. The book also incorporates video demonstrations of each application for better understanding of the subject matter.

Author : Dean Rickles
Publisher : John Wiley & Sons
ISBN 13 : 1509509402
Total Pages : 212 pages
Book Rating : 4.09/5 ( download)

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Download or read book The Philosophy of Physics written by Dean Rickles and published by John Wiley & Sons. This book was released on 2016-08-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the future exist already? What is space? Are time machines physically possible? What is quantum mechanical reality like? Are there many universes? Is there a ‘true’ geometry of the universe? Why does there appear to be an arrow of time? Do humans play a special role in the world? In this unique introductory book, Dean Rickles guides the reader through these and other core questions that keep philosophers of physics up at night. He discusses the three pillars of modern physics (quantum mechanics, statistical mechanics, and the theories of relativity), in addition to more cutting-edge themes such as econophysics, quantum gravity, quantum computers, and gauge theories. The book’s approach is based on the idea that philosophy of physics is a kind of ‘interpretation game’ in which we try to map physical theories onto our world. But the rules of this game often lead to a multiplicity of possible victors: rarely do we encounter a simple answer. The Philosophy of Physics offers a highly accessible introduction to the latest developments in this exciting field. Written in a lively style, with many visual examples, it will appeal to beginner-level students in both physics and philosophy.