This book contains a unified mathematical theory of speculation. Besides analysing stock markets, the book considers a wide range of speculative markets such as: real estate, commodities, postage-stamps, and antiquarian books. Various regularities are discussed. For instance, during a speculative episode, the price of expensive items increases more than the price of less expensive items. Such regularities pave the way for a mathematical theory of speculation. Being mainly empirical, the book is easy to read and does not require technical prerequisites in finance, economics or mathematics.However, stock and property markets are traditionally two different segments and the shift from one to the other is not so ... In the early 1990s there was a serious real estate crash in California which was followed by a severe banking crisis, the anbsp;...
|Title||:||Hidden Collective Factors in Speculative Trading|
|Author||:||Bertrand M. Roehner|
|Publisher||:||Springer Science & Business Media - 2013-03-14|