Cart
Free Shipping in the UK
Proud to be B-Corp

Patterns of Speculation Bertrand M. Roehner (Universite de Paris VII (Denis Diderot))

Patterns of Speculation By Bertrand M. Roehner (Universite de Paris VII (Denis Diderot))

Patterns of Speculation by Bertrand M. Roehner (Universite de Paris VII (Denis Diderot))


£3.80
New RRP £38.99
Condition - Well Read
Only 1 left

Summary

Patterns of Speculation, first published in 2002, shows how it is possible to find hidden regularities behind the bewildering diversity of historical speculative episodes, thus preparing the way for a unified theory of market speculation. A useful introduction for students of econophysics, giving an insight into economics as seen from the perspective of physics.

Patterns of Speculation Summary

Patterns of Speculation: A Study in Observational Econophysics by Bertrand M. Roehner (Universite de Paris VII (Denis Diderot))

The main objective of this 2002 book is to show that behind the bewildering diversity of historical speculative episodes it is possible to find hidden regularities, thus preparing the way for a unified theory of market speculation. Speculative bubbles require the study of various episodes in order for a comparative perspective to be obtained and the analysis developed in this book follows a few simple but unconventional ideas. Investors are assumed to exhibit the same basic behavior during speculative episodes whether they trade stocks, real estate, or postage stamps. The author demonstrates how some of the basic concepts of dynamical system theory, such as the notions of impulse response, reaction times and frequency analysis, play an instrumental role in describing and predicting speculative behavior. This book will serve as a useful introduction for students of econophysics, and readers with a general interest in economics as seen from the perspective of physics.

Patterns of Speculation Reviews

'I shall not attempt to summarise here Roehner's proposal for a theoretical framework that would recognise a pattern in speculative bubble situations. Professionally involved readers, for whom this book is a must-read, can enjoy discovering it for themselves as much as I did.' Rudi Bogni, The Times Higher Education Supplement
'... a rewarding and worthwhile read. As an introduction to the subject it has much to offer on the way complex problems, not just in economics or econophysics, should be addressed.' R. Toumi and P. S. Wilson, Contemporary Physics

About Bertrand M. Roehner (Universite de Paris VII (Denis Diderot))

A theoretical physicist by education, Dr Bertrand M. Roehner has been investigating social and economic phenomena during the past 15 years. He is the author of Theory of Markets (1995) which explored the space-time structure of commodity prices, and also of Hidden Collective Factors in Speculative Trading (2001). The approach used in these books demonstrates how the observational strategy invented by physicists and successfully applied in astrophysics and biophysics, can be fruitfully applied in the social sciences as well. Professor Roehner has been a visiting scholar at the Harvard Department of Economics (1994 and 1998) and at the Copenhagen Institute of Economics (1996); and he currently serves on the physics faculty of the University of Paris VII.

Table of Contents

Preface; Part I. Econophysics: 1. Why econophysics?; 2. The beginnings of econophysics; Part II. How Do Markets Work?: 3. Social man versus homo economicus; 4. Organization of speculative markets; Part III. Regularities in Speculative Episodes: 5. Collective behavior of investors; 6. Speculative peaks: statistical regularities; Part IV. Theoretical Framework: 7. Two classes of speculative peaks; 8. Dynamics of speculative peaks; 9. Theoretical framework: implications; References; Index.

Additional information

GOR012633599
9780521675734
0521675731
Patterns of Speculation: A Study in Observational Econophysics by Bertrand M. Roehner (Universite de Paris VII (Denis Diderot))
Used - Well Read
Paperback
Cambridge University Press
20050714
252
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book. We do our best to provide good quality books for you to read, but there is no escaping the fact that it has been owned and read by someone else previously. Therefore it will show signs of wear and may be an ex library book

Customer Reviews - Patterns of Speculation