Explaining Financial Markets in Terms of Complex Systems.

Large changes of financial market prices without exogenous causes deviate significantly from the Gaussian behavior of random variables. This indicates that financial markets should be treated as complex systems, for which nonlinear interactions of its subunits/agents are crucial. I focus on how the...

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Publicado en:	Philosophy of Science Vol. 81; no. 5; pp. 1117 - 1131
Autor principal:	Kuhlmann, Meinard
Formato:	Artículo
Publicado:	Cambridge University Press Dec2014
Materias:	Prices of securities Financial markets Complexity (Philosophy) Gaussian processes Random variables
Acceso en línea:	Ver este registro en EBSCOhost