Noise

Living and Trading in Electronic Finance

Alex Preda (Autor)

Buch | Softcover

264 Seiten

2017
University of Chicago Press (Verlag)
978-0-226-42748-5 (ISBN)

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We often think of finance as a glamorous world, a place where investment bankers amass huge profits in gleaming downtown skyscrapers. There's another side to finance, though the millions of amateurs who log on to their computers every day to make their own trades. The shocking truth, however, is that less than 2% of these amateur traders make a consistent profit. Why, then, do they do it? In Noise, Alex Preda explores the world of the people who trade even when by all measures they would be better off not trading. Based on firsthand observations, interviews with traders and brokers, and on international direct trading experience, Preda's fascinating ethnography investigates how ordinary people take up financial trading, how they form communities of their own behind their computer screens, and how electronic finance encourages them to trade more and more frequently. Along the way, Preda finds the answer to the paradox of amateur trading the traders aren't so much seeking monetary rewards in the financial markets, rather the trading itself helps them to fulfill their own personal goals and aspirations.

Alex Preda is professor at King's College London. He is the author of Framing Finance: The Boundaries of Markets and Modern Capitalism, also published by the University of Chicago Press, and coeditor of the Oxford Handbook of the Sociology of Finance.

Erscheinungsdatum	24.02.2017
Sprache	englisch
Maße	23 x 15 mm
Gewicht	397 g
Themenwelt	Sozialwissenschaften ► Soziologie
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	0-226-42748-X / 022642748X
ISBN-13	978-0-226-42748-5 / 9780226427485
Zustand	Neuware