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Phase Transition in a Bounded Rational Speculative and Hedging Model

  • Couverture cartonnée
  • 128 Nombre de pages
The authors create an economic model of two interacting markets with bounded rational agents that exhibits emergence of market pre... Lire la suite
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Description

The authors create an economic model of two interacting markets with bounded rational agents that exhibits emergence of market preference arising from a broken market-exchange symmetry. Such emergence can cause agents to move money from one market into the other, resulting in a market crash in certain scenarios. The market-exchange symmetry, and its breaking, gives a statistical mechanics perspective to the ideas of the Sonnenschein-Mantel-Debreu theorem.

Auteur

Michael Campbell is a freelance researcher working in econophysics and artificial intelligence. He also works for Aurislink as a founding member, and judges wine for the Orange County Fair each summer. David Carfi is a math professor at the University of Messina, a visiting researcher at the University of California Riverside, and a pianist.

Détails sur le produit

Titre: Phase Transition in a Bounded Rational Speculative and Hedging Model
Auteur:
Code EAN: 9786202004671
ISBN: 978-620-2-00467-1
Format: Couverture cartonnée
Genre: Economie
nombre de pages: 128
Poids: g
Taille: H220mm x B220mm x T150mm
Parution: 30.08.2017
Année: 2017