{"product_id":"complexity-risk-and-financial-markets-paperback-softback-9780471399810","title":"Complexity, Risk, and Financial Markets (Paperback \/ softback) 9780471399810","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\"\u003e9780471399810, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 29 January 2001\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e256 pages\u003cbr\u003e22.8 x 15.6 x 1.7 cm, 0.333 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003ePeters combines a chaos\/complex systems framework with the Austrian school of economic thought to explain our lack of market understanding. He develops a strong case that the most pressing problem for investors is not a matter of specific models but of determining how to assess risk in a complex and uncertain world. Peters draws important distinctions between risk, uncertainty, ignorance, vagueness, and ambiguity, and in doing so, shows how the subtle meanings of words can provide immense value in explaining the market environment. He also resurrects the Austrian school's emphasis on subjectivism and makes it come alive within finance. (Financial Analyst's Journal)\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":52293467799832,"sku":"9780471399810","price":19.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471399810.jpg?v=1781640544","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/complexity-risk-and-financial-markets-paperback-softback-9780471399810","provider":"Freshly Printed Books","version":"1.0","type":"link"}