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020 _a9783642419447
_9978-3-642-41944-7
024 7 _a10.1007/978-3-642-41944-7
_2doi
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072 7 _aKCB
_2bicssc
072 7 _aBUS039000
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082 0 4 _a339
100 1 _aVitting Andersen, Jørgen.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 3 _aAn Introduction to Socio-Finance
_h[electronic resource] /
_cby Jørgen Vitting Andersen, Andrzej Nowak.
250 _a1st ed. 2013.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aXIII, 185 p. 44 illus., 9 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aThe 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 World`s Financial Markets -- Comunication and the Stock Market -- References -- Index.
520 _aThis 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.
650 0 _aMacroeconomics.
650 0 _aSociophysics.
650 0 _aEconophysics.
650 0 _aEconomics, Mathematical .
650 1 4 _aMacroeconomics/Monetary Economics//Financial Economics.
_0https://scigraph.springernature.com/ontologies/product-market-codes/W32000
650 2 4 _aData-driven Science, Modeling and Theory Building.
_0https://scigraph.springernature.com/ontologies/product-market-codes/P33030
650 2 4 _aQuantitative Finance.
_0https://scigraph.springernature.com/ontologies/product-market-codes/M13062
700 1 _aNowak, Andrzej.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783642419454
776 0 8 _iPrinted edition:
_z9783642419430
776 0 8 _iPrinted edition:
_z9783662520215
856 4 0 _uhttps://s443-doi-org.br.lsproxy.net/10.1007/978-3-642-41944-7
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