Phase Transition in a Bounded Rational Speculative and Hedging Model

Language: English

Published by LAP LAMBERT Academic Publishing, 2017

6202004673 / 9786202004671

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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.

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Title
Phase Transition in a Bounded Rational Speculative and Hedging Model
Author
Michael Campbell
Publisher
LAP LAMBERT Academic Publishing
Publication year
2017
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
6202004673
ISBN 13
9786202004671
Item weight
209 grams
Dimensions
220x150x9 mm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

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