Книга Phase Transition in a Bounded Rational Speculative and Hedging Model Michael Campbell

Phase Transition in a Bounded Rational Speculative and Hedging Model

Език: Английски език
Корици: С меки корици
Наличност: Външен склад
Изпращаме след 8-11 дни
51.17 100.08 лв
The authors create an economic model of two interacting markets with bounded rational agents that ex...

Информация за книгата

Език
Английски език
Корици
Книга - С меки корици
Издадена
2017
страници
128
EAN
9786202004671
Enbook ID
18142170
Теглоt
209
Размери
150 x 220 x 8

Пълно описание

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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