Handbook of Financial Markets: Dynamics and Evolution

1st Edition

Editors: Thorsten Hens Klaus Schenk-Hoppe
Hardcover ISBN: 9780123742582
eBook ISBN: 9780080921433
Imprint: North Holland
Published Date: 14th January 2009
Page Count: 608
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Table of Contents

"Introduction"--Thorsten Hens and Klaus Reiner Schenk-Hoppé 1. "Thought and Behavioral Contagion in Capital Markets"--David Hirshleifer and Siew Hong Teoh 2. "How markets digest supply and demand and slowly incorporate information into prices"--Jean-Philippe Bouchaud, J. Doyne Farmer, and Fabrizio Lillo 3. "Stochastic Behavioral Asset Pricing Models and the Stylized Facts"--Thomas Lux 4. "Complex Evolutionary Systems in Behavioral Finance"--Cars Hommes and Florian Wagener 5. "Heterogeneity, Market Mechanisms, and Asset Price Dynamics"--Carl Chiarella, Xue-Zhong He and Roberto Dieci 6. "Perfect Forecasting and Behavioral Heterogeneities"--Jan Wenzelburger 7. "Market Selection and Asset Pricing"--Lawrence Blume and David Easley 8. "Rational Diverse Beliefs and Market Volatility"--Mordecai Kurz 9. "Evolutionary Finance"--Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé

Description

The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners.

Key Features

  • Explains the market dynamics of asset prices, offering insights about asset management approaches
  • Assumes a heterogeneity of investors that yields descriptive and normative models of portfolio selections and asset pricing dynamics

Readership

Primary: university, research, and major public libraries with finance and economics holdings. Secondary: academics in finance and economics


Details

No. of pages:
608
Language:
English
Copyright:
© North Holland 2009
Published:
Imprint:
North Holland
eBook ISBN:
9780080921433
Hardcover ISBN:
9780123742582

Reviews

“The research frontier of finance is moving in an ecological direction where trading strategies compete for profits like species in an ecosystem. This volume, written by leaders in the field, does an excellent job of bringing the reader up to date in this novel, important, and fascinating research area.”--William A. Brock, The University of Wisconsin at Madison


About the Editors

Thorsten Hens Editor

Klaus Schenk-Hoppe Editor