000 03702nam a22005055i 4500
001 978-3-642-41944-7
003 DE-He213
005 20200420211749.0
007 cr nn 008mamaa
008 131211s2013 gw | s |||| 0|eng d
020 _a9783642419447
_9978-3-642-41944-7
024 7 _a10.1007/978-3-642-41944-7
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aVitting Andersen, J�rgen.
_eauthor.
245 1 3 _aAn Introduction to Socio-Finance
_h[electronic resource] /
_cby J�rgen Vitting Andersen, Andrzej Nowak.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aXIII, 185 p. 44 illus., 9 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aThe Traditional Approach to Finance -- Behavioral Finance -- Financial Markets as Interacting Individuals: Price Formation From Models of Complexity -- A Psychological Galilean Principle for Price Movements: Fundamental Framework for Technical Analysis -- Catching Animal Spirits: Using Complexity Theory to Detect Speculative Moments of the Markets -- Social Framing Creating Bull Markets of the Past: Growth Theory of Financial Markets -- Complexity Theory and Systemic Risk in the World`s Financial Markets -- Comunication and the Stock Market -- References -- Index.
520 _aThis introductory text is devoted to exposing the underlying nature of price formation in financial markets as a predominantly sociological phenomenon that relates individual decision-making to emergent and co-evolving social and financial structures.   Two different levels of this sociological influence are considered: First, we examine how price formation results from the social dynamics of interacting individuals, where interaction occurs either through the price or by direct communication.  Then the same processes are revisited and examined at the level of larger groups of individuals.     In this book, models of both levels of socio-finance are presented, and it is shown, in particular, how complexity theory provides the conceptual and methodological tools needed to understand and describe such phenomena. Accordingly, readers are first given a broad introduction to the standard economic theory of rational financial markets and will come to understand its shortcomings with the help of concrete examples. Complexity theory is then introduced in order to properly account for behavioral decision-making and match the observed market dynamics. This book is conceived as a primer for newcomers to the field, as well as for practitioners seeking new insights into the field of complexity science applied to socio-economic systems in general, and financial markets and price formation in particular.
650 0 _aEconomics, Mathematical.
650 0 _aSociophysics.
650 0 _aEconophysics.
650 0 _aMacroeconomics.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aSocio- and Econophysics, Population and Evolutionary Models.
650 2 4 _aQuantitative Finance.
700 1 _aNowak, Andrzej.
_eauthor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642419430
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-41944-7
912 _aZDB-2-SBE
942 _cEBK
999 _c51160
_d51160