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Evolutionary Foundations of Equilibria in Irrational Markets formatIsbn:Hardcover - 9781461407119 Teil II / Frowein

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Teil II / Frowein

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Evolutionary Foundations of Equilibria in Irrational Markets formatIsbn:Hardcover - 9781461407119 Teil II / FroweinOne 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

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