Complexity, Risk, and Financial Markets by R. J. Elliott and L. D. F. Hargreaves explores the intricate relationship between complexity theory, risk, and the functioning of financial markets. The book examines how complex systems—such as financial markets—operate, how risks are managed and perceived within these systems, and how understanding complexity can provide insights into market behavior and decision-making. The authors argue that financial markets are inherently complex systems, driven by numerous interconnected factors, including human behavior, economic conditions, and technological advancements. These factors can create unpredictable patterns and lead to the emergence of systemic risks, such as bubbles and crashes. The book emphasizes the importance of understanding complexity in financial systems, particularly in the context of risk management, because traditional economic models often fail to account for the dynamic and nonlinear interactions that define modern markets. Elliott and Hargreaves explore various mathematical and computational models used to analyze financial markets, as well as the limitations of these models in capturing the full range of risks and uncertainties present in the system. They also discuss how complexity can lead to both opportunities and vulnerabilities, suggesting that financial professionals need to adopt a more holistic approach to risk management that accounts for the multifaceted nature of financial markets.

Mã ngôn ngữ:	eng
Chỉ số phân loại:	330.1
Tác giả:	Peters, Edgar E
Thông tin nhan đề:	Complexity, risk and financial markets
Xuẩt bản,phát hành:	US. Jonhwikey 1999
Mô tả vật lý:	222p.
Từ khóa:	Financial markets. Risk

008    ##    100812s vm a 000 0 vie d

041    ##    $aeng

044    ##    $aUS

100    1#    $aPeters, Edgar E.

245    00    $aComplexity, risk and financial markets

260    ##    $aUS.:$bJonhwikey,$c1999

300    ##    $a222p.

653    ##    $aFinancial markets

653    ##    $aRisk

900    ##    0

911    ##    Administrator

925    ##    G

926    ##    0

927    ##    SH:Sách, chuyên khảo, tuyển tập