Minority Games

Interacting agents in financial markets
Erscheinungsjahr 2013
ISBN: 978-0-19-968669-8
Verlag: Oxford University Press

Buch, Englisch, 360 Seiten, Print PDF, Format (B × H): 169 mm x 238 mm, Gewicht: 592 g

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.

Autoren/Hrsg.

Challet, Damien

Marsili, Matteo

Zhang, Yi-Cheng

Fachgebiete

• Mathematik | Informatik EDV | Informatik Angewandte Informatik Wirtschaftsinformatik
• Wirtschaftswissenschaften Betriebswirtschaft Wirtschaftsmathematik und -statistik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

- 1: Introduction

- 2: Early works

- 3: Understanding the Minority Game dynamics

- 4: Minority Games as market models

- 5: Quest for better cooperation

- A: List of selected publications

- B: Source code