Experimental Econophysics Properties and Mechanisms of Laboratory Markets
Experimental Econophysics describes the method of controlled human experiments, which is developed by physicists to study some problems in economics or finance, namely, stylized facts, fluctuation phenomena, herd behavior, contrarian behavior, hedge behavior, cooperation, business cycles, partial in...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
2015, 2015
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| Edition: | 1st ed. 2015 |
| Series: | New Economic Windows
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| Subjects: | |
| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- Introduction
- Fundamentals
- Stylized facts: Scaling Law and Clustering Behavior
- Fluctuation Phenomena: Leverage Could be Positive and Negative
- Herd Behavior: Beyond the Known Ruinous Role
- Contrarian Behavior: Beyond the Known Helpful Role
- Hedge Behavior: Statistical Equivalence of Different Systems
- Cooperation: Spontaneous Emergence of the Invisible Hand
- Business Cycles: Competition between Suppliers and Consumers
- Partial Information: Equivalent to Complete Information
- Risk Management: Unusual Risk-Return Relationship
- Prediction: Pure Technical Analysis Might not Work Satisfactorily
- Summary and outlook
- Appendix.