The Mathematical Theory Of Minority Games

Download or read book The Mathematical Theory of Minority Games written by A. C. C. Coolen and published by OUP Oxford. This book was released on 2005-01-06 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Minority games are simple mathematical models initially designed to understand the co-operative phenomena observed in markets. Their core ingredients are large numbers of interacting decision-making agents, each aiming for personal gain in an artificial `market' by trying to anticipate (on the basis of incomplete information, and with an element of irrationality) the actions of others. Gain is made by those who subsequently find themselves in the minority group, e.g. those who end up buying when most wish to sell or vice versa. Aimed at researchers and students in physics, mathematics and economics this text describes the mathematical theory of Minority Games from a statistical mechanics viewpoint. It provides a detailed and explicit introduction to the advanced mathematical analysis of these models, describes the potential and restrictions of physical methods in solving agent based market models, and outlines how different mathematical approaches are related.

Download or read book The Mathematical Theory of Minority Games written by Anthony C. C. Coolen and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this work, which is aimed at researchers in mathematics, physics, and economics, the author describes the mathematical theory of minority games, and focuses on one of three recognised approaches to this phenomenon.

Download or read book Minority Games written by Damien Challet and published by OUP Oxford. This book was released on 2004-11-04 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Advances in Condensed Matter and Statistical Physics written by Elka Korutcheva and published by Nova Publishers. This book was released on 2004 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects recent results in systems whose evolutions are dominated by fluctuations, driven systems in which the way to dissipate driving forces is relevant, and systems in which disorder induces highly non-trivial dynamics leading naturally to questions of computational complexity. Topics of the 14 papers include multiplicative noise in non-equilibrium phase transitions, the stochastic population dynamics of spiking neurons, anomalous velocity distributions in elastic Maxwell gases, universality issues in surface kinetic roughening of thin solid films, and multi-state neural networks based upon spin glasses. Some of the chapters have appeared in the arXiv.org database. No information is given about the authors. Annotation : 2004 Book News, Inc., Portland, OR (booknews.com).

Download or read book Managing Complexity, Reducing Perplexity written by Marcello Delitala and published by Springer. This book was released on 2014-06-04 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: ”Managing Complexity, Reducing Perplexity” is devoted to an overview of the status of the art in the study of complex systems, with particular focus on the analysis of systems pertaining to living matter. Both senior scientists and young researchers from diverse and prestigious institutions with a deliberately interdisciplinary cut were invited, in order to compare approaches and problems from different disciplines. The common aim of the contributions was to analyze the complexity of living systems by means of new mathematical paradigms that are more adherent to reality and which are able to generate both exploratory and predictive models that are capable of achieving a deeper insight into life science phenomena.

Download or read book Complex Systems written by and published by Elsevier. This book was released on 2011-09-22 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been recently some interdisciplinary convergence on a number of precise topics which can be considered as prototypes of complex systems. This convergence is best appreciated at the level of the techniques needed to deal with these systems, which include: 1) A domain of research around a multiple point where statistical physics, information theory, algorithmic computer science, and more theoretical (probabilistic) computer science meet: this covers some aspects of error correcting codes, stochastic optimization algorithms, typical case complexity and phase transitions, constraint satisfaction problems. 2) The study of collective behavior of interacting agents, its impact on understanding some types of economical and financial problems, their link to population and epidemics dynamics, game theory, social, biological and computer networks and evolution.The present book is the written version of the lectures given during the Les Houches summer school session on "Complex Systems", devoted to these emerging interdisciplinary fields. The lectures consist both in a number of long methodological courses (probability theory, statistical physics of disordered systems, information theory, network structure and evolution, agent-based economics and numerical methods) and more specific, 'problem oriented' courses. Lecturers are all leading experts in their field; they have summarized recent results in a clear and authoritative manner. The "Les Houches lecture notes" have a long tradition of excellence and are often found to be useful for a number of years after they were written. The book is of interest to students and researchers with various backgrounds: probability theory, computer science, information theory, physics, finance, biology, etc.·Topical and comprehensive survey of the emerging, interdisciplinary field of "Complex Systems", covered by recognized world experts·"Les Houches lectures notes": a long tradition of excellence and long-lasting impact ·Of interest to a broad audience (mathematics, physics, biology, informatics, finance, geology, etc.)·Some applications may have concrete impact·Selected topics in complex systems: forefront of research in the field

Download or read book Network Models in Economics and Finance written by Valery A. Kalyagin and published by Springer. This book was released on 2014-09-23 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using network models to investigate the interconnectivity in modern economic systems allows researchers to better understand and explain some economic phenomena. This volume presents contributions by known experts and active researchers in economic and financial network modeling. Readers are provided with an understanding of the latest advances in network analysis as applied to economics, finance, corporate governance, and investments. Moreover, recent advances in market network analysis that focus on influential techniques for market graph analysis are also examined. Young researchers will find this volume particularly useful in facilitating their introduction to this new and fascinating field. Professionals in economics, financial management, various technologies, and network analysis, will find the network models presented in this book beneficial in analyzing the interconnectivity in modern economic systems.