An Introduction to Socio-Finance

Authors: Vitting Andersen, Jørgen, Nowak, Andrzej

  • Authored by leading researchers in the field
  • Introductory, self-contained text for non-specialists
  • Bridges the gap between quantitative social science, financial market dynamics and complexity theory
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eBook $69.99
price for USA (gross)
  • ISBN 978-3-642-41944-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
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  • Immediate eBook download after purchase
Hardcover $89.99
price for USA
  • ISBN 978-3-642-41943-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $89.99
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: September 22, 2016
  • ISBN 978-3-662-52021-5
  • Free shipping for individuals worldwide
About this Textbook

This introductory text is devoted to exposing the underlying nature of price formation in financial markets as a predominantly sociological phenomenon that relates individual decision-making to emergent and co-evolving social and financial structures.

Two different levels of this sociological influence are considered: First, we examine how price formation results from the social dynamics of interacting individuals, where interaction occurs either through the price or by direct communication. Then the same processes are revisited and examined at the level of larger groups of individuals.

In this book, models of both levels of socio-finance are presented, and it is shown, in particular, how complexity theory provides the conceptual and methodological tools needed to understand and describe such phenomena. Accordingly, readers are first given a broad introduction to the standard economic theory of rational financial markets and will come to understand its shortcomings with the help of concrete examples. Complexity theory is then introduced in order to properly account for behavioral decision-making and match the observed market dynamics.

This book is conceived as a primer for newcomers to the field, as well as for practitioners seeking new insights into the field of complexity science applied to socio-economic systems in general, and financial markets and price formation in particular.

Table of contents (9 chapters)

  • The Traditional Approach to Finance

    Andersen, Jørgen Vitting (et al.)

    Pages 1-23

  • Behavioral Finance

    Andersen, Jørgen Vitting (et al.)

    Pages 25-58

  • Financial Markets as Interacting Individuals: Price Formation from Models of Complexity

    Andersen, Jørgen Vitting (et al.)

    Pages 59-76

  • A Psychological Galilean Principle for Price Movements: Fundamental Framework for Technical Analysis

    Andersen, Jørgen Vitting (et al.)

    Pages 77-91

  • Catching Animal Spirits: Using Complexity Theory to Detect Speculative Moments of the Markets

    Andersen, Jørgen Vitting (et al.)

    Pages 93-120

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-642-41944-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $89.99
price for USA
  • ISBN 978-3-642-41943-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $89.99
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: September 22, 2016
  • ISBN 978-3-662-52021-5
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
An Introduction to Socio-Finance
Authors
Copyright
2013
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-41944-7
DOI
10.1007/978-3-642-41944-7
Hardcover ISBN
978-3-642-41943-0
Softcover ISBN
978-3-662-52021-5
Edition Number
1
Number of Pages
XIII, 185
Number of Illustrations and Tables
35 b/w illustrations, 9 illustrations in colour
Topics