Beyond Equilibrium & Efficiency Sfissc - Santa Fe Inst Stu Sci

by John Geanakoplos and J. Doyne Farmer

Book Overview

This book presents recent thought on market efficiency, using a complex systems approach to move past equilibrium models and quantify the actual efficiency of markets. The older view that markets are perfectly efficient has come under attack from several different directions, including studiesof market anomalies, human psychology, bounded rationality, agent-based modeling, and evolutionary game theory. This volume brings together some of the best...

• Format: Paperback
• Language: English
• ISBN: 0195150953
• ISBN13: 9780195150957
• Release Date: May 2006
• Publisher: Oxford University Press, USA
• Length: 352 Pages