Microscopic simulation financial markets (6 Ergebnisse)

Hardcover. Zustand: Good. Hardcover without jacket, good to very good, from the collection of Sir Anthony Atkinson. Binding partially visible at title page; pages in main body remain sound, and all text is clear. TS. Used.

Zustand: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,650grams, ISBN:0124458904. …

Hardcover. Zustand: Very Good. No Jacket. 1st Edition. Very good, clean, tight condition. No jacket. Scuff in top of front runnel. Text is free of marks. Professional book dealer since 1999. All orders are processed promptly and carefully packaged.

Hardcover. Zustand: New. In shrink wrap. Looks like an interesting title.

Paperback. Zustand: Brand New. 322 pages. 9.00x6.00x0.73 inches. In Stock.

Hardcover. Zustand: Academic Press. No Dust Jacket. First Edition. Microscopic Simulation (MS) uses a computer to represent and keep track of individual ("microscopic") elements in order to investigate complex systems which are analytically intractable. A methodology that was developed to solve physics problems, MS has been used to study the relation between microscopic behavior and macroscopic phenomena in systems ranging from those of atomic particles, to cars, animals, and even humans. In finance, MS can help explain, among other things, the effects of various elements of investor behavior on market dynamics and asset pricing. It is these issues in particular, and the value of an MS approach to finance in general, that are the subjects of this book. The authors not only put their work in perspective by surveying traditional economic analyses of investor behavior, but they also briefly examine the use of MS in fields other than finance. Most models in economics and finance assume that investors are rational. However, experimental studies reveal systematic deviations from rational behavior. How can we determine the effect of investors' deviations from rational behavior on asset prices and market dynamics? By using Microscopic Simulation, a methodology originally developed by physicists for the investigation of complex systems, the authors are able to relax classical assumptions about investor behavior and to model it as empirically and experimentally observed. This rounded and judicious introduction to the application of MS in finance and economics reveals that many of the empirically-observed "puzzles" in finance can be explained by investors' quasi-rationality. Researchers use the book because it models heterogeneous investors, a group that has proven difficult to model. Being able to predict how people will invest and setting asset prices accordingly is inherently appealing, and the combination of computing power and statistical mechanics in this book makes such modeling possible. Because many finance researchers have backgrounds in physics, the material here is accessible. Size: Octavo. Quantity Available: 1. Shipped Weight: Under 1 kilo. Category: Economics; Inventory No: 73771. For further information on this title or for further photographs, please click on the "Ask Seller a Question" button directly underneath this listing. We aim to reply within three working days. Buyers from OUTSIDE of the UK are strongly recommended to make contact, to ask for an accurate shipping cost, BEFORE buying.…