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Complexity in Financial Markets: Modeling Psychological Behavior in Agent-Based Models and Order Book Models (Springer Theses)

Matthieu Cristelli




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 | #5569093 in Books |  2013-08-29 | Original language:English | PDF # 1 |  9.21 x.56 x6.14l,1.00 | File type: PDF | 216 pages

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Tools and methods from complex systems science can have a considerable impact on the way in which the quantitative assessment of economic and financial issues is approached, as discussed in this thesis. First it is shown that the self-organization of financial markets is a crucial factor in the understanding of their dynamics. In fact, using an agent-based approach, it is argued that financial markets’ stylized facts appear only in the self-organized state. Secondl...

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