Business & Economics Books:

Complexity, Risk, and Financial Markets

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Paperback / softback
$68.00
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Description

Complexity theory tells us that processes with a large number of seemingly independent agents - such as free markets - can spontaneously organize themselves into a coherent system. In this book, Edgar Peters brings together scientific theory, the artistic process, and economics to show how the randomness and uncertainty of complexity theory can be applied to financial markets. He looks at the way free markets are, by their nature, continually evolving complex systems. Expanding on previous explorations of chaos theory, Peters draws on real-life examples ranging from the Asian crisis to America's love of conspiracy to show that complexity and randomness are necessary for the free markets to operate in a competitive manner.

Author Biography:

EDGAR E. PETERS is Chief Investment Strategist and Director of Systematic Asset Allocation for PanAgora Asset Management, a global investment management firm. He is a frequent lecturer on market theory and has taught investment and portfolio management at Babson College, Boston College, and Bentley College. He is the author of Chaos and Order in the Capital Markets and Fractal Market Analysis, as well as numerous articles in professional journals.
Release date NZ
January 29th, 2001
Audiences
  • Postgraduate, Research & Scholarly
  • Professional & Vocational
  • Undergraduate
Pages
256
Dimensions
156x229x17
ISBN-13
9780471399810
Product ID
3088794

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