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Minority games PDF

361 Pages·2005·9.965 MB·English
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by Damien Challet, Matteo Marsili, Yi-Cheng Zhang| 2005| 361 pages| 9.965| English

About Minority games

The Minority Game is a physicist's attempt to explain market behavior 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 colorful and stylized, but also realistic picture of how financial markets operate.

Detailed Information

Author:Damien Challet, Matteo Marsili, Yi-Cheng Zhang
Publication Year:2005
ISBN:9781423758228
Pages:361
Language:English
File Size:9.965
Format:PDF
Price:FREE
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