Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: Open Books, Chicago, IL, U.S.A.
Hardcover. Condition: Acceptable. Water damage, good readable copy. Open Books is a nonprofit social venture that provides literacy experiences for thousands of readers each year through inspiring programs and creative capitalization of books.
Published by Academic Press, San Diego, CA, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: PsychoBabel & Skoob Books, Didcot, United Kingdom
Hardcover. Condition: Good. Hardcover without jacket, good to very good, from the collection of Sir Anthony Atkinson. Binding partially visible at title page; pages in main body remain sound, and all text is clear. TS. Used.
Published by Academic Press, 2000
Seller: The Petersfield Bookshop, ABA, ILAB, Petersfield, Hampshire, United Kingdom
First Edition
Hardcover. Condition: Academic Press. Dust Jacket Condition: No Dust Jacket. First Edition. Microscopic Simulation (MS) uses a computer to represent and keep track of individual ("microscopic") elements in order to investigate complex systems which are analytically intractable. A methodology that was developed to solve physics problems, MS has been used to study the relation between microscopic behavior and macroscopic phenomena in systems ranging from those of atomic particles, to cars, animals, and even humans. In finance, MS can help explain, among other things, the effects of various elements of investor behavior on market dynamics and asset pricing. It is these issues in particular, and the value of an MS approach to finance in general, that are the subjects of this book. The authors not only put their work in perspective by surveying traditional economic analyses of investor behavior, but they also briefly examine the use of MS in fields other than finance.Most models in economics and finance assume that investors are rational. However, experimental studies reveal systematic deviations from rational behavior. How can we determine the effect of investors' deviations from rational behavior on asset prices and market dynamics? By using Microscopic Simulation, a methodology originally developed by physicists for the investigation of complex systems, the authors are able to relax classical assumptions about investor behavior and to model it as empirically and experimentally observed. This rounded and judicious introduction to the application of MS in finance and economics reveals that many of the empirically-observed "puzzles" in finance can be explained by investors' quasi-rationality.Researchers use the book because it models heterogeneous investors, a group that has proven difficult to model. Being able to predict how people will invest and setting asset prices accordingly is inherently appealing, and the combination of computing power and statistical mechanics in this book makes such modeling possible. Because many finance researchers have backgrounds in physics, the material here is accessible. Size: Octavo . Category: Economics; For further information on this title or for further photographs, please click on the "Ask Seller a Question" button directly underneath this listing. We aim to reply within three working days. Buyers from OUTSIDE of the UK are strongly recommended to make contact, to ask for an accurate shipping cost, BEFORE buying.
Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: 3rd St. Books, Springfield, MO, U.S.A.
First Edition
Hardcover. Condition: Very Good. No Jacket. 1st Edition. Very good, clean, tight condition. No jacket. Scuff in top of front runnel. Text is free of marks. Professional book dealer since 1999. All orders are processed promptly and carefully packaged.
Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: GF Books, Inc., Hawthorne, CA, U.S.A.
Condition: Very Good. Book is in Used-VeryGood condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain very limited notes and highlighting. 1.4.
Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: Book Deals, Tucson, AZ, U.S.A.
Condition: Fair. Acceptable/Fair condition. Book is worn, but the pages are complete, and the text is legible. Has wear to binding and pages, may be ex-library. 1.4.
Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: dsmbooks, Liverpool, United Kingdom
Hardcover. Condition: Like New. Like New. book.
Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: BennettBooksLtd, North Las Vegas, NV, U.S.A.
Hardcover. Condition: New. In shrink wrap! Looks like an interesting title!.
Published by Academic Press, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: GF Books, Inc., Hawthorne, CA, U.S.A.
Condition: New. Book is in NEW condition. 1.4.
Published by Elsevier LTD, Oxford, 2000
ISBN 10: 0124458904 ISBN 13: 9780124458901
Seller: moluna, Greven, Germany
Gebunden. Condition: New. Microscopic Simulation (MS) uses a computer to represent and keep track of individual elements in order to investigate complex systems which are analytically intractable. This work introduces MS within a simplified framework. It emphasizes investor behavior.