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Complexity, Risk, and Financial Markets: Understanding Risk and Financial Crisis with Complexity Theory: 71 (Wiley Investment)

Complexity, Risk, and Financial Markets: Understanding Risk and Financial Crisis with Complexity Theory: 71 (Wiley Investment)

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Complexity, Risk, and Financial Markets: Understanding Risk and Financial Crisis with Complexity Theory: 71 (Wiley Investment)

by Peters, Edgar E

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  • Hardcover
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ISBN 10
047123947X
ISBN 13
9780471239475
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Hardback. Acceptable.

Synopsis

A groundbreaking look at complexity theory and its implications in the world of finance 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 fascinating 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. Written in an engaging and accessible style, this is a thoughtful, conceptual look 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.

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Details

Bookseller
World of Books Ltd GB (GB)
Bookseller's Inventory #
GOR013192459
Title
Complexity, Risk, and Financial Markets: Understanding Risk and Financial Crisis with Complexity Theory: 71 (Wiley Investment)
Author
Peters, Edgar E
Format/Binding
Hardback
Book Condition
Used - Acceptable
Quantity Available
1
Binding
Hardcover
ISBN 10
047123947X
ISBN 13
9780471239475
Publisher
Wiley
Place of Publication
New York
This edition first published
1999-04

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