Phase Transition in a Bounded Rational Speculative and Hedging Model

English

Phase Transition in a Bounded Rational Speculative and Hedging Model

Name: Phase Transition in a Bounded Rational Speculative and Hedging Model
Price: 5878 INR
Availability: InStock
Author: NA
ISBN: 9786202004671

David Carf

English

₹5878

(All inclusive*)

Paperback

Delivery Options

Please enter pincode to check delivery time.

*COD & Shipping Charges may apply on certain items.

Review final details at checkout.

Looking to place a bulk order? SUBMIT DETAILS

Delivery Options

Please enter pincode to check delivery time.

*COD & Shipping Charges may apply on certain items.

Review final details at checkout.

LOOKING TO PLACE A BULK ORDER?CLICK HERE

About The Book

Description

Author

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.