English
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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.
Piracy-free
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Details
ISBN 13
9786202004671
Publication Date
-23-08-2017
Pages
-128
Weight
-176 grams
Dimensions
-150x220x7.18 mm
