Evolutionary Foundations of Equilibria in Irrational Markets |
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| Author:
| Luo, Guo Ying |
| Series title: | Studies in Economic Theory Ser. |
| ISBN: | 978-1-4899-8593-4 |
| Publication Date: | Jan 2014 |
| Publisher: | Springer New York
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| Imprint: | Springer |
| Book Format: | Paperback |
| List Price: | USD $109.99 |
Book Description:
|
The economic concept of equilibrium infers rational participants, yet what happens when analysts and traders behave unpredictably? Darwin takes over. This book shows how traditional economic equilibria can exist despite natural selection in irrational markets.
The economic concept of equilibrium infers rational participants, yet what happens when analysts and traders behave unpredictably? Darwin takes over. This book shows how traditional economic equilibria can exist despite natural selection in irrational markets.