{"product_id":"chaos-and-order-in-the-capital-markets-a-new-view-of-cycles-prices-and-market-volatility-wiley-finance-9780471139386","title":"Chaos and Order in the Capital Markets: A New View of Cycles  Prices  and Market Volatility (Wiley Finance)","description":"\u003cp\u003eThe 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 todays 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 \u0026amp; 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 todays 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 todays 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 Vagas Coherent Market Hypothesis - the theory of social imitation  control parameters  Vagas 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.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45279937462325,"sku":"ByrdShop_0471139386","price":55.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780471139386.jpg?v=1780616278","url":"https:\/\/atxbooks.com\/products\/chaos-and-order-in-the-capital-markets-a-new-view-of-cycles-prices-and-market-volatility-wiley-finance-9780471139386","provider":"ATX Books","version":"1.0","type":"link"}