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.
In Giovanni Aurelio Augurello (1441–1524) and Renaissance Alchemy, Matteo Soranzo offers the first in-depth study of the life and works of Augurello, Italian alchemist, poet and art connoisseur from the time of Giorgione. Analysed, annotated and translated into English for the first time, Augurello’s poetry reveals a unique blend of late medieval alchemical doctrines, Northern Italian antiquarianism and Marsilio Ficino’s Platonism, enriching conventional narratives of Renaissance humanism.
This book presents the contributions to the first Wild@Ace conference. The acronym stands for ?Workshop on Industrial and Labor Dynamics ? The Agent-Based Computational Aproach?, and it has been the first event ever focusing on the very promising use of the agent-based simulation approach for investigation of labor economics and industrial organization issues.Agent-based models are computer models in which a multitude of agents ? each embodied in a specific software code ? interact. These agents can represent individuals households, firms, institutions, etc. Moreover, ?special? agents can be added to observe and monitor individual and collective behavior. One of the main purpose of writing an ACE model is to gain intuitions on the two-way feedback between the microstructure and the macrostructure of a phenomenon of interest. How is it that simple aggregate regularities may arise from individual disorder? Or that a nice structure at an individual level may lead to a complete absence of regularity in the aggregate? How is it that the complex interaction of very simple individuals may lead to surprisingly complicated aggregate dynamics? Or that sophisticated agents may be unable to organize themselves in any interesting way?The book includes contributions by some of the most distinguished researchers in the field, such as the economists Alan Kirman, Giovanni Dosi, Leigh Tesfatsion and Mauro Gallegati, and the sociologist Nigel Gilbert.
Galileo Galilei (1564–1642), his life and his work have been and continue to be the subject of an enormous number of scholarly works. One of the con- quences of this is the proliferation of identities bestowed on this gure of the Italian Renaissance: Galileo the great theoretician, Galileo the keen astronomer, Galileo the genius, Galileo the physicist, Galileo the mathematician, Galileo the solitary thinker, Galileo the founder of modern science, Galileo the heretic, Galileo the courtier, Galileo the early modern Archimedes, Galileo the Aristotelian, Galileo the founder of the Italian scienti c language, Galileo the cosmologist, Galileo the Platonist, Galileo the artist and Galileo the democratic scientist. These may be only a few of the identities that historians of science have associated with Galileo. And now: Galileo the engineer! That Galileo had so many faces, or even identities, seems hardly plausible. But by focusing on his activities as an engineer, historians are able to reassemble Galileo in a single persona, at least as far as his scienti c work is concerned. The impression that Galileo was an ingenious and isolated theoretician derives from his scienti c work being regarded outside the context in which it originated.
Tra l'Emilia e la Toscana, tra i territori del Frignano e della Garfagnana, si articola un suggestivo concatenamento di gobbe, selle, cime, passi, una giogaia rocciosa costituita da alcune delle più significative vette dell'Appennino settentrionale. Si tratta del crinale, fondamentale riferimento orografico da cui si dipartono a pettine una serie di creste secondarie che declinano verso la pianura, come sinuose schiere di primordiali, immense creature dalla pelle coriacea, impressa dalle ere e concrezionata dal tempo. Scopri attraverso questo libro i luoghi e le genti del crinale tosco-emiliano, tra storia ed escursionismo.
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.
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.
This will help us customize your experience to showcase the most relevant content to your age group
Please select from below
Login
Not registered?
Sign up
Already registered?
Success – Your message will goes here
We'd love to hear from you!
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.