000 06681cam a2200457 i 4500
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008 050815s1996 nyua b 001 0 eng d
010 _a 96018533
011 _aChanged OCLC from 958720892 to 849488635
020 _a0471139386
_qalk. paper
020 _a9780471139386
_qalk. paper
035 _a(DLC) 96018533
035 _a(OCoLC)849488635
040 _aDLC
_beng
_erda
_dATU
050 0 0 _aHG4523
_b.P47 1996
082 0 0 _a332.0414
_222
100 1 _aPeters, Edgar E.,
_d1952-
_eauthor.
_9422953
245 1 0 _aChaos and order in the capital markets :
_ba new view of cycles, prices, and market volatility /
_cEdgar E. Peters.
250 _aSecond edition.
264 1 _aNew York :
_bWiley,
_c[1996]
264 4 _c©1996
300 _axiv, 274 pages :
_billustrations ;
_c24 cm.
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
490 1 _aWiley finance editions
504 _aIncludes bibliographical references (pages 251-261) and index.
505 0 0 _g1.
_tIntroduction: Life Can Be So Complicated --
_g2.
_tRandom Walks and Efficient Markets --
_g3.
_tThe Failure of the Linear Paradigm --
_g4.
_tMarkets and Chaos: Chance and Necessity --
_g5.
_tIntroduction to Fractals --
_g6.
_tThe Fractal Dimension --
_g7.
_tFractal Time Series - Biased Random Walks --
_g8.
_tR/S Analysis of the Capital Markets --
_g9.
_tFractal Statistics --
_g10.
_tFractals and Chaos --
_g11.
_tIntroduction to Nonlinear Dynamic Systems --
_g12.
_tDynamic Analysis of Time Series --
_g13.
_tDynamic Analysis of the Capital Markets --
_g14.
_tThe Coherent Market Hypothesis --
_g15.
_tFractional Truth: Fuzzy Logic and Behavioral Finance --
_g16.
_tApplying Chaos and Nonlinear Methods --
_g17.
_tWhat Lies Ahead: Toward a More General Approach --
_tAppendices --
_gApp. 1.
_tCreating a Bifurcation Diagram --
_gApp. 2.
_tRescaled Range (R/S) Analysis --
_gApp. 3.
_tSimulating a Biased Random Walk --
_gApp. 4.
_tCalculating the Correlation Dimension --
_gApp. 5.
_tCalculating the Largest Lyapunov Exponent --
_gApp. 6.
_tInternet Resources --
_tBibliography --
_tGlossary --
_tIndex.
520 _a"The latest developments in chaos theory -- from an industry expert; ; Chaos and Order in the Capital Markets was the first book to introduce and popularize chaos as it applies to finance. It has since become the classic source on the topic. This new edition is completely updated to include the latest ripples in chaos theory with new chapters that tie in today's hot innovations, such as fuzzy logic, neural nets, and artificial intelligence.; ; Critical praise for Peters and the first edition of Chaos and Order in the Capital Markets; ; "The bible of market chaologists." -- BusinessWeek; ; "Ed Peters has written a first-class summary suitable for any investment professional or skilled investor." -- Technical Analysis of Stocks & Commodities; ; "It ranks among the most provocative financial books of the past few years. Reading this book will provide a generous payback for the time and mental energy expended." -- Financial Analysts Journal; ; This second edition of Chaos and Order in the Capital Markets brings the topic completely up to date with timely examples from today's markets and descriptions of the latest wave of technology, including genetic algorithms, wavelets, and complexity theory.; ; Chaos and Order in the Capital Markets was the very first book to explore and popularize chaos theory as it applies to finance. It has since become the industry standard, and is regarded as the definitive source to which analysts, investors, and traders turn for a comprehensive overview of chaos theory. Now, this invaluable reference -- touted by BusinessWeek as "the bible of market chaologists" -- has been updated and revised to bring you the latest developments in the field.; ; Mainstream capital market theory is based on efficient market assumptions, even though the markets themselves exhibit characteristics that are symptomatic of nonlinear dynamic systems. As it explores -- and validates -- this nonlinear nature, Chaos and Order repudiates the "random walk" theory and econometrics. It shifts the focus away from the concept of efficient markets toward a more general view of the forces underlying the capital market system.; ; Presenting new analytical techniques, as well as reexamining methods that have been in use for the past forty years, Chaos and Order offers a thorough examination of chaos theory and fractals as applied to investments and economics. This new edition includes timely examples from today's markets and descriptions of cutting-edge technologies-genetic algorithms, wavelets, complexity theory-and hot innovations, such as fuzzy logic and artificial intelligence.; ; Beyond the history of current capital market theory, Chaos and Order covers the crucial characteristics of fractals, the analysis of fractal time series through rescaled range analysis (R/S), the specifics of fractal statistics, and the definition and analysis of chaotic systems. It offers an in-depth exploration of: ; Random walks and efficient markets -- the development of the efficient market hypothesis (EMH) and modern portfolio theory ; The linear paradigm -- why it has failed ; Nonlinear dynamic systems -- phase space, the Henon Map, Lyapunov exponents ; Applying chaos and nonlinear methods -- neural networks, genetic algorithms ; Dynamical analysis of time series -- reconstructing a phase space, the fractal dimension; ; Tonis Vaga's Coherent Market Hypothesis -- the theory of social imitation, control parameters, Vaga's implementations; ; Plus, Chaos and Order now contains a Windows-compatible disk including data sets for running analyses described in the appendices.; ; Written by a leading expert in the field, Chaos and Order in the Capital Markets has all the information you need for a complete, up-to-date look at chaos theory. This latest edition will undoubtedly prove to be as invaluable as the first."--Publisher description.
588 _aMachine converted from AACR2 source record.
650 0 _aCapital market
_xMathematical models
_9717620
650 0 _aFutures market
_xMathematical models
_9718141
650 0 _aFractals.
_9318136
650 0 _aChaotic behavior in systems
_9315154
830 0 _aWiley finance editions.
_9292589
856 4 2 _3Contributor biographical information
_uhttp://www.loc.gov/catdir/bios/wiley041/96018533.html
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