A01=Damien Challet
Author_Damien Challet
Category=KC
Category=PBW
Category=PHFC
Category=PHS
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_science
Product details
- ISBN 9780199686698
- Weight: 592g
- Dimensions: 169 x 238mm
- Publication Date: 21 Nov 2013
- Publisher: Oxford University Press
- Publication City/Country: GB
- Product Form: Paperback
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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. It then reviews the main steps in later developments, including both the theory and its applications to market phenomena. 'Minority Games' gives a colourful and stylized, but also realistic picture of how financial markets operate.
