Hidden Collective Factors in Speculative Trading A Study in Analytical Economics |
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| Author:
| Roehner, Bertrand M. |
| ISBN: | 978-3-540-41294-6 |
| Publication Date: | Jan 2001 |
| Publisher: | Springer
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| Book Format: | Hardback |
| List Price: | AUD $159.95 |
Book Description:
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This book contains a unified mathematical theory of speculation. Besides analysing stock markets, the book considers a wide range of speculative markets such as: real estate, commodities, postage-stamps, and antiquarian books. Various regularities are discussed. For instance, during a speculative episode, the price of expensive items increases more than the price of less expensive items. Such regularities pave the way for a mathematical theory of speculation. Being mainly empirical,...
More DescriptionThis book contains a unified mathematical theory of speculation. Besides analysing stock markets, the book considers a wide range of speculative markets such as: real estate, commodities, postage-stamps, and antiquarian books. Various regularities are discussed. For instance, during a speculative episode, the price of expensive items increases more than the price of less expensive items. Such regularities pave the way for a mathematical theory of speculation. Being mainly empirical, the book is easy to read and does not require technical prerequisites in finance, economics or mathematics.