Standard texts and research in economics and finance ignore the absence of evidence from the analysis of real, unmassaged market data to support the notion of Adam Smith's stabilizing Invisible Hand. The neo-classical equilibrium model forms the theoretical basis for the positions of the US Treasury, the World Bank and the European Union, accepting it as their credo. It provides the theoretical underpinning for globalization, expecting to achieve the best of all possible worlds via the deregulation of all markets. In stark contrast, this text introduces a empirically based model of financial market dynamics that explains volatility, prices options correctly and clarifies the instability of financial markets. The emphasis is on understanding how real markets behave, not how they hypothetically 'should' behave. This text is written for physics graduate students and finance specialists, but will also serve as a valuable resource for those with a less mathematical background.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Joseph McCauley is Professor of Physics at the University of Houston, Texas.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
EUR 7,18 expédition depuis Royaume-Uni vers France
Destinations, frais et délaisVendeur : Anybook.com, Lincoln, Royaume-Uni
Etat : Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. Clean from markings. In good all round condition. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,750grams, ISBN:9780521824477. N° de réf. du vendeur 9733096
Quantité disponible : 1 disponible(s)
Vendeur : Row By Row Bookshop, Sugar Grove, NC, Etats-Unis
Hardcover. Etat : Near Fine. Etat de la jaquette : No Dust Jacket. First Edition. A Near Fine copy in black hard covers lettered in gold. Owner's name embossure at the bottom corner of the title page, else about as new. No dust jacket. Book. N° de réf. du vendeur 060656
Quantité disponible : 1 disponible(s)
Vendeur : Grendel Books, ABAA/ILAB, Springfield, MA, Etats-Unis
Hardcover. Etat : Near Fine. Etat de la jaquette : Fine. First edition. Previous owner's name on front paste-down, else fine in a fine dust jacket. N° de réf. du vendeur 79748
Quantité disponible : 1 disponible(s)
Vendeur : HPB-Red, Dallas, TX, Etats-Unis
hardcover. Etat : Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority! N° de réf. du vendeur S_404346387
Quantité disponible : 1 disponible(s)