quartonews.it » Perfomance » The Mathematical Theory of Minority Games: Statistical Mechanics of Interacting Agents (Oxford Finance Series)

Author: | A.C.C. Coolen |

Subcategory: | Skills |

Language: | English |

Publisher: | Oxford University Press; 1 edition (March 17, 2005) |

Pages: | 338 pages |

Category: | Perfomance |

Rating: | 4.2 |

Other formats: | mobi lrf doc azw |

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.

Minority games are simple mathematical models initially designed to understand the co-operative phenomena observed in markets.

Minority games are simple mathematical models i. .Goodreads helps you keep track of books you want to read. Start by marking The Mathematical Theory of Minority Games: Statistical Mechanics of Interacting Agents as Want to Read: Want to Read savin. ant to Read. 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, .

The stationary solution of the minority game was found using this method The inclusion of a golden rule of public finance is compared with that of a.We study minority games in efficient regime.

The stationary solution of the minority game was found using this method. The Cavity Approach to Parallel Dynamics of Ising Spins on a Graph. The inclusion of a golden rule of public finance is compared with that of a balanced-budget rule. Because of the presence of habits, we show that politicians are more prone to adopt balanced-budget rules than a golden rule.

Minority games are statistical mechanical models where individuals, agents in the market, try to optimize their strategy in an economical game. They change their behaviour on the basis of knowledge of the previous history of (the global state of) the market. The goal of the game is to become a member of the minority which wins. There is a random noise ( irrationality ) in the decision of each individual acting in the game and no direct interaction between individual participants of the market is assumed

Publisher: Oxford Univ Pr. Publish date: 04/30/2005. Ships from Dinkytown in Minneapolis, Minnesota.

Publisher: Oxford Univ Pr. You save: 91%. Marketplace Item.

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

cle{Challet2006CoolenAT, title {Coolen, . The Mathematical Theory of Minority Games. Statistical Mechanics of Interacting Agents}, author {Damien Challet}, journal {Journal of Economics}, year {2006}, volume {88}, pages {311-314} }.

this text describes the mathematical theory of Minority Games from a statistical mechanics viewpoint. in solving agent based market models, and outlines how different mathematical approaches are relate. more).

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 relate.

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, as well as financial practitioners, 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.

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