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Beschreibung
The authors create an economic model of two interacting markets with bounded rational agents that exhibits emergence of market preference arising from a broken market-exchange symmetry. Such emergence can cause agents to move money from one market into the other, resulting in a market crash in certain scenarios. The market-exchange symmetry, and its breaking, gives a statistical mechanics perspective to the ideas of the Sonnenschein-Mantel-Debreu theorem.
Details
| Verlag | LAP LAMBERT Academic Publishing |
| Ersterscheinung | 23. August 2017 |
| Maße | 22 cm x 15 cm x 0.8 cm |
| Gewicht | 209 Gramm |
| Format | Softcover |
| ISBN-13 | 9786202004671 |
| Seiten | 128 |
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