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World scientific reference on the strategic analysis of financial markets : Vol.1 Framework

By:

Moffitt, Steven D

Material type: Text

TextSeries: World Scientific Series in Finance - Vol.11Publication details: New Jersey World Scientific 2017Description: xx,581p. HardboundISBN:

978-9813142787

Subject(s):

Investment Analysis Money market Capital market

DDC classification:

332.0415 MOF

Online resources:

Click here to access online

Contents:

Introduction Financial Time Series and Potentially Profitable Gambling Systems Statistical Regularities of Financial Time Series Essentials of Utility Theory Reexamining Market Efficiency How People Make Decisions Market "Anomalies" Due to Human Behavior and Cognition Econophysics and Market Empirics Games and Gambling The Adaptive Markets Hypothesis and the Soros–Minsky–Kindleberger Model The Strategic Analysis of Markets Metho

Summary: Volume 1 of "The Strategic Analysis of Financial Markets," — Framework, is premised on the belief that markets can be understood only by dropping the assumptions of rationality and efficient markets in their extreme forms, and showing that markets still have an inherent order and inherent logic. But that order results primarily from the "predictable irrationality" of investors, as well as from people's uncoordinated attempts to profit. The market patterns that result do not rely on rationality or efficiency. A framework is developed for understanding financial markets using a combination of psychology, statistics, game and gambling analysis, market history and the author's experience. It expresses analytically how professional investors and traders think about markets — as games in which other participants employ inferior, partially predictable strategies. Those strategies' interactions can be toxic and lead to booms, bubbles, busts and crashes, or can be less dramatic, leading to various patterns that are mistakenly called "market inefficiencies" and "stylized facts."

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	H.T. Parekh Library	GSB Collection	332.0415 MOF (Browse shelf(Opens below))	Available		B2585

Book well /1502/2017-18/$495( Vol. 1 & 2)Pd.Rs.24,688/-

Introduction
Financial Time Series and Potentially Profitable Gambling Systems
Statistical Regularities of Financial Time Series
Essentials of Utility Theory
Reexamining Market Efficiency
How People Make Decisions
Market "Anomalies" Due to Human Behavior and Cognition
Econophysics and Market Empirics
Games and Gambling
The Adaptive Markets Hypothesis and the Soros–Minsky–Kindleberger Model
The Strategic Analysis of Markets Metho

Volume 1 of "The Strategic Analysis of Financial Markets," — Framework, is premised on the belief that markets can be understood only by dropping the assumptions of rationality and efficient markets in their extreme forms, and showing that markets still have an inherent order and inherent logic. But that order results primarily from the "predictable irrationality" of investors, as well as from people's uncoordinated attempts to profit. The market patterns that result do not rely on rationality or efficiency.

A framework is developed for understanding financial markets using a combination of psychology, statistics, game and gambling analysis, market history and the author's experience. It expresses analytically how professional investors and traders think about markets — as games in which other participants employ inferior, partially predictable strategies. Those strategies' interactions can be toxic and lead to booms, bubbles, busts and crashes, or can be less dramatic, leading to various patterns that are mistakenly called "market inefficiencies" and "stylized facts."

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