| 书目名称 | Evolutionary Foundations of Equilibria in Irrational Markets | | 编辑 | Guo Ying Luo | | 视频video | | | 概述 | First comprehensive text on equilibrium outcomes through economic natural selection in irrational markets.Covers several new evolutionary models of future markets, commodities, and one-sided auctions. | | 丛书名称 | Studies in Economic Theory | | 图书封面 |  | | 描述 | .One of the core building blocks of traditional economic theory is the concept of equilibrium, a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables remain static. Many traditional equilibrium models, or equilibria, are established based on the rational behavior of individuals within financial markets, such as traders, market analysts, and investing firms, and their ability to maximize profits, no matter the cost. Yet what happens when these market participants behave in an .irrational. manner, and how does this impact economic equilibria? Contemporary economists have agreed that a process similar to Darwin’s Theory of Natural Selection takes over, whereby equilibria are shaped not by the behavior of individual participants but by an environment outside its control (i.e., an environment with little concern for maximizing profits). It is an environment in which those “selected” produce positive financial gains, but have no regard for how it was obtained or underlying motivations—and those participants suffering losses disappear altogether. .Evolutionary Foundations of Equilibria in Irrational Market | | 出版日期 | Book 2012 | | 关键词 | Economic Theory; Equilibrium; Evolutionary Model; Irrational Markets; Natural Selection; Rationality | | 版次 | 1 | | doi | https://doi.org/10.1007/978-1-4614-0712-6 | | isbn_softcover | 978-1-4899-8593-4 | | isbn_ebook | 978-1-4614-0712-6Series ISSN 1431-8849 Series E-ISSN 2196-9930 | | issn_series | 1431-8849 | | copyright | Springer Science+Business Media, LLC 2012 |
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发表于 2025-3-21 19:01:12
