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How market ecology explains market malfunction

Standard approaches to the theory of financial markets are based on equilibrium and efficiency. Here we develop an alternative based on concepts and methods developed by biologists, in which the wealth invested in a financial strategy is like the abundance of a species. We study a toy model of a mar...

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Bibliografiska uppgifter
I publikationen:Proc Natl Acad Sci U S A
Huvudupphovsmän: Scholl, Maarten P., Calinescu, Anisoara, Farmer, J. Doyne
Materialtyp: Artigo
Språk:Inglês
Publicerad: National Academy of Sciences 2021
Ämnen:
Länkar:https://ncbi.nlm.nih.gov/pmc/articles/PMC8256038/
https://ncbi.nlm.nih.gov/pubmed/34172576
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1073/pnas.2015574118
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