Minority Games : Interacting agents in financial markets
Book Details
Format
Hardback or Cased Book
Book Series
Oxford Finance Series
ISBN-10
0198566409
ISBN-13
9780198566403
Publisher
Oxford University Press
Imprint
Oxford University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 4th, 2004
Print length
360 Pages
Weight
748 grams
Dimensions
24.90 x 17.40 x 2.70 cms
Ksh 29,550.00
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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. Then it reviews the main steps in later developments, including both the theory and its applications to market phenomena. This book gives a colourful and stylized, but also realistic picture of how financial markets operate.
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