Complexity, Risk, and Financial Markets
John Wiley & Sons Inc (Verlag)
978-0-471-39981-0 (ISBN)
Patterns in the Dark is that rare book that offers an entirely new perspective on an issue of ongoing concern to investors: the unpredictability of financial markets. In this groundbreaking work, leading investment strategist and authority on chaos theory, Edgar Peters makes accessible ways of understanding market behavior that-until now-were known only to specialists.
Patterns in the Dark draws on a broad range of human knowledge and experience to clarify the behavior of a system that now operates on a global, 24-hour, and thoroughly interconnected basis. Peters illuminates the complex operation of the marketplace by including keen observations drawn from science, mathematics, and artistic creation as well as economics. His models include the social visions of the Austrian economists, Darwinian ideas of evolution, the laws of physics, and the creative risks of the artist. His meditations on financial markets weigh the effects of limitations vs. rules, risks vs. uncertainty, and order vs. chaos.
As a guide to a world marketplace that has become increasingly complex and uncertain, Patterns in the Dark offers the investor a rich source of insight, illumination, and wisdom.
EDGAR E. PETERS is Chief Investment Strategist and Director of Systematic Asset Allocation for PanAgora Asset Management, a global investment management firm. He is a frequent lecturer on market theory and has taught investment and portfolio management at Babson College, Boston College, and Bentley College. He is the author of Chaos and Order in the Capital Markets and Fractal Market Analysis, as well as numerous articles in professional journals.
Introduction: Life, Risk, and Uncertainty.
UNCERTAINTY, COMPLEXITY, AND SPONTANEOUS ORGANIZATION.
Imposing Order: Conspiracies and the Mathematics of Ignorance.
Uncertainty, Vagueness, and Ambiguity: The Need for Information.
Complexity and Time: The Dynamics of Uncertainty.
FREE MARKETS AND THE NEED FOR UNCERTAINTY.
Subjectivism: "The Economics of Time and Ignorance."
Diversity and Knowledge.
Crisis and Competition: Creative Destruction in Free Markets.
Economic Evolution: Change in Real Time.
Creativity: Uncertainty, Innovation, and Entrepreneurs.
Rules and Law: Limits in Complexity.
Degrees of Order: Balancing Rules, Freedom, and Uncertainty.
The Need for Uncertainty.
References.
Index.
| Erscheint lt. Verlag | 29.1.2001 |
|---|---|
| Reihe/Serie | Wiley Investment Series |
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 156 x 229 mm |
| Gewicht | 333 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| ISBN-10 | 0-471-39981-7 / 0471399817 |
| ISBN-13 | 978-0-471-39981-0 / 9780471399810 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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