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.143 4 Application of the price multiplier effect to stocks 146 Chapter 7 Peak shape: the sharp peak -flat trough pattern 151 1 ... of stock crashes 168 2.2 Quantitative analysis 172 2.3 Is the existence of stock price patterns consistent with marketanbsp;...
|Title||:||Hidden Collective Factors in Speculative Trading|
|Author||:||Bertrand M. Roehner|
|Publisher||:||Springer Science & Business Media - 2013-03-14|