Handbook of Financial Markets: Dynamics and Evolution

Handbook of Financial Markets: Dynamics and Evolution

by Thorsten Hens
     
 

ISBN-10: 0123742587

ISBN-13: 9780123742582

Pub. Date: 01/14/2009

Publisher: Elsevier Science

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

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Overview

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.

• 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

Product Details

ISBN-13:
9780123742582
Publisher:
Elsevier Science
Publication date:
01/14/2009
Series:
Handbooks in Finance Series
Pages:
608
Product dimensions:
7.80(w) x 9.30(h) x 1.50(d)

Table of Contents

1 Thought and Behavior Contagion in Capital Markets David Hirshleifer Hirshleifer, David Siew Hong Teoli Teoli, Siew Hong 1

2 How Markets Slowly Digest Changes in Supply and Demand Jean-Philippe Bouchaud Bouchaud, Jean-Philippe J. Doyne Farmer Farmer, J. Doyne Fabrizio Lillo Lillo, Fabrizio 57

3 Stochastic Behavioral Asset-Pricing Models and the Stylized Facts Thomas Lux Lux, Thomas 161

4 Complex Evolutionary Systems in Behavioral Finance Cars Hommes Hommes, Cars Florian Wagener Wagener, Florian 217

5 Heterogeneity, Market Mechanisms, and Asset Price Dynamics Carl Chiarella Chiarella, Carl Roberto Died Died, Roberto Xue-Zhong He He, Xue-Zhong 277

6 Perfect Forecasting, Behavioral Heterogeneities, and Asset Prices Jan Wenzelburger Wenzelburger, Jan 345

7 Market Selection and Asset Pricing Lawrence Blume Blume, Lawrence David Easley Easley, David 403

8 Rational Diverse Beliefs and Market Volatility Mordecai Kurz Kurz, Mordecai 439

9 Evolutionary Finance Igor V. Evstigneev Evstigneev, Igor V. Thorsten Hens Hens, Thorsten Klaus Reiner Schenk-Hoppe Schenk-Hoppe, Klaus Reiner 507

Author Index 567

Subject Index 575

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