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The Resource An introduction to socio-finance, Jørgen Vitting Andersen, Andrzej Nowak, (electronic book)

An introduction to socio-finance, Jørgen Vitting Andersen, Andrzej Nowak, (electronic book)

Label
An introduction to socio-finance
Title
An introduction to socio-finance
Statement of responsibility
Jørgen Vitting Andersen, Andrzej Nowak
Creator
Contributor
Author
Subject
Language
eng
Summary
This introductory text is devoted to exposing the underlying nature of price formation in financial markets as a predominantly sociological phenomenon that relates individual decision-making to emergent and co-evolving social and financial structures. Two different levels of this sociological influence are considered: First, we examine how price formation results from the social dynamics of interacting individuals, where interaction occurs either through the price or by direct communication.Then the same processes are revisited and examined at the level of larger groups of individuals. In this book, models of both levels of socio-finance are presented, and it is shown, in particular, how complexity theory provides the conceptual and methodological tools needed to understand and describe such phenomena. Accordingly, readers are first given a broad introduction to the standard economic theory of rational financial markets and will come to understand its shortcomings with the help of concrete examples. Complexity theory is then introduced in order to properly account for behavioral decision-making and match the observed market dynamics. This book is conceived as a primer for newcomers to the field, as well as for practitioners seeking new insights into the field of complexity science applied to socio-economic systems in general, and financial markets and price formation in particular
Member of
Cataloging source
GW5XE
http://library.link/vocab/creatorName
Andersen, Jørgen Vitting
Dewey number
306.3
Illustrations
illustrations
Index
index present
LC call number
HM548
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
Nowak, Andrzej
Series statement
Springer complexity
http://library.link/vocab/subjectName
Economics
Label
An introduction to socio-finance, Jørgen Vitting Andersen, Andrzej Nowak, (electronic book)
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
The Traditional Approach to Finance -- Behavioral Finance -- Financial Markets as Interacting Individuals: Price Formation From Models of Complexity -- A Psychological Galilean Principle for Price Movements: Fundamental Framework for Technical Analysis -- Catching Animal Spirits: Using Complexity Theory to Detect Speculative Moments of the Markets -- Social Framing Creating Bull Markets of the Past: Growth Theory of Financial Markets -- Complexity Theory and Systemic Risk in the Worlds̀ Financial Markets -- Comunication and the Stock Market
Control code
SPR873949329
Dimensions
unknown
Extent
1 online resource (xiii, 185 pages)
File format
unknown
Form of item
online
Isbn
9783642419447
Level of compression
unknown
Other control number
10.1007/978-3-642-41944-7
Other physical details
illustrations (some color).
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
Label
An introduction to socio-finance, Jørgen Vitting Andersen, Andrzej Nowak, (electronic book)
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
The Traditional Approach to Finance -- Behavioral Finance -- Financial Markets as Interacting Individuals: Price Formation From Models of Complexity -- A Psychological Galilean Principle for Price Movements: Fundamental Framework for Technical Analysis -- Catching Animal Spirits: Using Complexity Theory to Detect Speculative Moments of the Markets -- Social Framing Creating Bull Markets of the Past: Growth Theory of Financial Markets -- Complexity Theory and Systemic Risk in the Worlds̀ Financial Markets -- Comunication and the Stock Market
Control code
SPR873949329
Dimensions
unknown
Extent
1 online resource (xiii, 185 pages)
File format
unknown
Form of item
online
Isbn
9783642419447
Level of compression
unknown
Other control number
10.1007/978-3-642-41944-7
Other physical details
illustrations (some color).
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote

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