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  • - A study on phase transitions in financial markets with networked agents
    av Taisei Kaizoji
    1 360,-

    Most of us would accept that recent large economic fluctuations have been caused by crashes of speculative bubbles in asset markets but the reasons why bubbles frequently occur and why they collapse are not always well understood. The book provides a new theoretical explanation of bubbles and crashes to help deepen our understanding of the mechanism of bubbles and subsequent crashes.

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