The Mathematical Theory Of Minority Games

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The Mathematical Theory Of Minority Games
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Author : A. C. C. Coolen
language : en
Publisher: OUP Oxford
Release Date : 2005-01-06
The Mathematical Theory Of Minority Games written by A. C. C. Coolen and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-06 with Business & Economics categories.
Minority games are simple mathematical models initially designed to understand the co-operative phenomena observed in markets. Their core ingredients are large numbers of interacting decision-making agents, each aiming for personal gain in an artificial `market' by trying to anticipate (on the basis of incomplete information, and with an element of irrationality) the actions of others. Gain is made by those who subsequently find themselves in the minority group, e.g. those who end up buying when most wish to sell or vice versa. Aimed at researchers and students in physics, mathematics and economics this text describes the mathematical theory of Minority Games from a statistical mechanics viewpoint. It provides a detailed and explicit introduction to the advanced mathematical analysis of these models, describes the potential and restrictions of physical methods in solving agent based market models, and outlines how different mathematical approaches are related.
The Mathematical Theory Of Minority Games
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Author : Anthony C. C. Coolen
language : en
Publisher:
Release Date : 2023
The Mathematical Theory Of Minority Games written by Anthony C. C. Coolen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Stock exchanges categories.
In this work, which is aimed at researchers in mathematics, physics, and economics, the author describes the mathematical theory of minority games, and focuses on one of three recognised approaches to this phenomenon.
Minority Games
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Author : Damien Challet
language : en
Publisher: OUP Oxford
Release Date : 2004-11-04
Minority Games written by Damien Challet and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-11-04 with Science categories.
The Minority Game is a physicist's attempt to explain market behaviour by the interaction between traders. With a minimal set of ingredients and drastic assumptions, this model reproduces market ecology among different types of traders. Its emphasis is on speculative trading and information flow. The book first describes the philosophy lying behind the conception of the Minority Game in 1997, and includes in particular a discussion about the El Farol bar problem. It then reviews the main steps in later developments, including both the theory and its applications to market phenomena. 'Minority Games' gives a colourful and stylized, but also realistic picture of how financial markets operate.
Complex Systems
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Author :
language : en
Publisher: Elsevier
Release Date : 2011-09-22
Complex Systems written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-22 with Science categories.
There has been recently some interdisciplinary convergence on a number of precise topics which can be considered as prototypes of complex systems. This convergence is best appreciated at the level of the techniques needed to deal with these systems, which include: 1) A domain of research around a multiple point where statistical physics, information theory, algorithmic computer science, and more theoretical (probabilistic) computer science meet: this covers some aspects of error correcting codes, stochastic optimization algorithms, typical case complexity and phase transitions, constraint satisfaction problems. 2) The study of collective behavior of interacting agents, its impact on understanding some types of economical and financial problems, their link to population and epidemics dynamics, game theory, social, biological and computer networks and evolution.The present book is the written version of the lectures given during the Les Houches summer school session on "Complex Systems", devoted to these emerging interdisciplinary fields. The lectures consist both in a number of long methodological courses (probability theory, statistical physics of disordered systems, information theory, network structure and evolution, agent-based economics and numerical methods) and more specific, 'problem oriented' courses. Lecturers are all leading experts in their field; they have summarized recent results in a clear and authoritative manner. The "Les Houches lecture notes" have a long tradition of excellence and are often found to be useful for a number of years after they were written. The book is of interest to students and researchers with various backgrounds: probability theory, computer science, information theory, physics, finance, biology, etc.·Topical and comprehensive survey of the emerging, interdisciplinary field of "Complex Systems", covered by recognized world experts·"Les Houches lectures notes": a long tradition of excellence and long-lasting impact ·Of interest to a broad audience (mathematics, physics, biology, informatics, finance, geology, etc.)·Some applications may have concrete impact·Selected topics in complex systems: forefront of research in the field
Understanding Game Theory
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Author : Vasilij Nikiti? Kolokol'cov
language : en
Publisher: World Scientific
Release Date : 2010
Understanding Game Theory written by Vasilij Nikiti? Kolokol'cov and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Mathematics categories.
This work offers a concise but wide-ranging introduction to games, including older (pre-game theory) party games and more recent topics like elections and evolutionary games and is generously spiced with excursions into philosophy, history, literature and politics.
Understanding Game Theory Introduction To The Analysis Of Many Agent Systems With Competition And Cooperation Second Edition
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Author : Vasily N Kolokoltsov
language : en
Publisher: World Scientific
Release Date : 2020-08-21
Understanding Game Theory Introduction To The Analysis Of Many Agent Systems With Competition And Cooperation Second Edition written by Vasily N Kolokoltsov and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-21 with Mathematics categories.
Steadily growing applications of game theory in modern science (including psychology, biology and economics) require sources to provide rapid access in both classical tools and recent developments to readers with diverse backgrounds. This book on game theory, its applications and mathematical methods, is written with this objective in mind.The book gives a concise but wide-ranging introduction to games including older (pre-game theory) party games and more recent topics like elections and evolutionary games and is generously spiced with excursions into philosophy, history, literature and politics. A distinguished feature is the clear separation of the text into two parts: elementary and advanced, which makes the book ideal for study at various levels.Part I displays basic ideas using no more than four arithmetic operations and requiring from the reader only some inclination to logical thinking. It can be used in a university degree course without any (or minimal) prerequisite in mathematics (say, in economics, business, systems biology), as well as for self-study by school teachers, social and natural scientists, businessmen or laymen. Part II is a rapid introduction to the mathematical methods of game theory, suitable for a mathematics degree course of various levels.To stimulate the mathematical and scientific imagination, graphics by a world-renowned mathematician and mathematics imaging artist, A T Fomenko, are used. The carefully selected works of this artist fit remarkably into the many ideas expressed in the book.This new edition has been updated and enlarged. In particular, two new chapters were added on statistical limit of games with many agents and on quantum games, reflecting possibly the two most stunning trends in the game theory of the 21st century.
Proceedings Of The Conference In Honor Of C N Yang S 85th Birthday Statistical Physics High Energy Condensed Matter And Mathematical Physics
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Author : Mo-lin Ge
language : en
Publisher: World Scientific
Release Date : 2008-12-12
Proceedings Of The Conference In Honor Of C N Yang S 85th Birthday Statistical Physics High Energy Condensed Matter And Mathematical Physics written by Mo-lin Ge and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-12 with Science categories.
The Conference on Statistical Physics, High Energy, Condensed Matter and Mathematical Physics was held in honor of Professor Chen-Ning Yang's 85th birthday in Singapore in Oct-Nov 2007. The conference paid tribute to the breadth and depth of Professor Yang's achievements in physics and science education since he received his Nobel Prize in Physics fifty years ago.This notable birthday volume is a collection of the presentations made at the conference by many eminent scientists who had worked closely with him or who have been influenced to some extent by his work.
Econophysics And Sociophysics Recent Progress And Future Directions
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Author : Frédéric Abergel
language : en
Publisher: Springer
Release Date : 2017-01-11
Econophysics And Sociophysics Recent Progress And Future Directions written by Frédéric Abergel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-11 with Science categories.
This book presents the proceedings from ECONOPHYS-2015, an international workshop held in New Delhi, India, on the interrelated fields of “econophysics” and “sociophysics”, which have emerged from the application of statistical physics to economics and sociology. Leading researchers from varied communities, including economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others, report on their recent work, discuss topical issues, and review the relevant contemporary literature. A society can be described as a group of people who inhabit the same geographical or social territory and are mutually involved through their shared participation in different aspects of life. It is possible to observe and characterize average behaviors of members of a society, an example being voting behavior. Moreover, the dynamic nature of interaction within any economic sector comprising numerous cooperatively interacting agents has many features in common with the interacting systems of statistical physics. It is on these bases that interest has grown in the application within sociology and economics of the tools of statistical mechanics. This book will be of value for all with an interest in this flourishing field.
Econophysics Economics Of Games Social Choices And Quantitative Techniques
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Author : Banasri Basu
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-06-01
Econophysics Economics Of Games Social Choices And Quantitative Techniques written by Banasri Basu and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-01 with Business & Economics categories.
The combined efforts of the Physicists and the Economists in recent years in analyzing and modelling various dynamic phenomena in monetary and social systems have led to encouraging developments, generally classified under the title of Econophysics. These developments share a common ambition with the already established field of Quantitative Economics. This volume intends to offer the reader a glimpse of these two parallel initiatives by collecting review papers written by well-known experts in the respective research frontiers in one cover. This massive book presents a unique combination of research papers contributed almost equally by Physicists and Economists. Additional contributions from Computer Scientists and Mathematicians are also included in this volume. The book consists of two parts: the first part concentrates on Econophysics problems and the second part stresses on various quantitative issues in Economics. Both parts specialize on frontier problems in Games and Social Choices.
Handbook Of Computational Economics
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Author : Leigh Tesfatsion
language : en
Publisher: Elsevier
Release Date : 2006-05-15
Handbook Of Computational Economics written by Leigh Tesfatsion and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-05-15 with Business & Economics categories.
The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.*Every volume contains contributions from leading researchers*Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys