{"product_id":"complexity-risk-and-financial-markets-hardback-9780471239475","title":"Complexity, Risk, and Financial Markets (Hardback) 9780471239475","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eComplexity, Risk, and Financial Markets\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eEdgar E. Peters (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471239475, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 26 May 1999\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e240 pages\u003cbr\u003e23.7 x 16 x 2.2 cm, 0.512 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003eEdgar E. Peters's latest book, Patterns in the Dark: Understanding Risk and Financial Crisis with Complexity Theory is not merely an autobiographical indulgence. The bulk of the book is Peters's lucent analysis expounding on the need for uncertainty. Whether he uses the example of genetic algorithms to show how randomness can lead a process to a goal even when the ultimate path is unknown, or if he simply shows how David Bowie's creation of Ziggie Stardust illustrates the integration of two seemingly contrary elements in the creative process (with a nod toward uncertainty as a requirement for stability), Peters's always seems to provide compelling insight into how global structure and local randomness interact.\u003cbr\u003e \u003cbr\u003e Edgar E. Peters's latest book, Patterns in the Dark: Understanding Risk and Financial Crisis with Complexity Theory is not merely an autobiographical indulgence. The bulk of the book is Peters's lucent analysis expounding on the need for uncertainty. Whether he uses the example of genetic algorithms to show how randomness can lead a process to a goal even when the ultimate path is unknown, or if he simply shows how David Bowie's creation of Ziggie Stardust illustrates the integration of two seemingly contrary elements in the creative process (with a nod toward uncertainty as a requirement for stability), Peters's always seems to provide compelling insight into how global structure and local randomness interact.\u003cbr\u003e \u003cbr\u003e Ultimately, the book's implications for \"global structure\" policymakers are more clear than any prescriptions that might be handed down to individual investors acting in an environment of local randomness. However, the discussions regarding various process models and their implications for economic activity are worth the price of admission alone. Interested investors ought to check it out.--(\"Fool On The Hill - An Investment Opinion\" by Alex Schay - June 1999)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eDie Komplexitätstheorie besagt, daß Prozesse mit einer großen Anzahl scheinbar unabhängiger Faktoren, wie z.B. freie Märkte, sich spontan zu einem kohärenten System zusammenschließen können. Auf der Grundlage wissenschaftstheoretischer und wirtschaftswissenschaftlicher Aspekte demonstriert der Autor, wie sich das Zufallsprinzip und die Ungewißheit der Komplexitätstheorie auf die Finanzmärkte anwenden lassen. Verständlich und spannend geschrieben, bietet dieses Buch einen grundlegenden Einblick, wie freie Märkte funktionieren, indem sie ständig neue komplexe Systeme schaffen. Peters untermauert seine Aussagen mit einer Fülle von praktischen Beispielen.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction: Life, Risk, and Uncertainty.\u003cbr\u003e \u003cbr\u003e UNCERTAINTY, COMPLEXITY, AND SPONTANEOUS ORGANIZATION.\u003cbr\u003e \u003cbr\u003e Imposing Order: Conspiracies and the Mathematics of Ignorance.\u003cbr\u003e \u003cbr\u003e Uncertainty, Vagueness, and Ambiguity: The Need for Information.\u003cbr\u003e \u003cbr\u003e Complexity and Time: The Dynamics of Uncertainty.\u003cbr\u003e \u003cbr\u003e FREE MARKETS AND THE NEED FOR UNCERTAINTY.\u003cbr\u003e \u003cbr\u003e Subjectivism: \"The Economics of Time and Ignorance.\"\u003cbr\u003e \u003cbr\u003e Diversity and Knowledge.\u003cbr\u003e \u003cbr\u003e Crisis and Competition: Creative Destruction in Free Markets.\u003cbr\u003e \u003cbr\u003e Economic Evolution: Change in Real Time.\u003cbr\u003e \u003cbr\u003e Creativity: Uncertainty, Innovation, and Entrepreneurs.\u003cbr\u003e \u003cbr\u003e Rules and Law: Limits in Complexity.\u003cbr\u003e \u003cbr\u003e Degrees of Order: Balancing Rules, Freedom, and Uncertainty.\u003cbr\u003e \u003cbr\u003e The Need for Uncertainty.\u003cbr\u003e \u003cbr\u003e References.\u003cbr\u003e \u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52286343250200,"sku":"9780471239475","price":26.67,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471239475.jpg?v=1781550194","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/complexity-risk-and-financial-markets-hardback-9780471239475","provider":"Freshly Printed Books","version":"1.0","type":"link"}