| Description |
xxii, 314 p. : ill. ; 24 cm. |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Foreword / Vernon L. Smith -- Bubbles and Experiments -- Wind Tunnel Markets -- Step into the Wind Tunnel -- Our Road Map -- Bargain Hunting -- Capturing the Human Element -- Rationality and Induced Value at Your Corner Grocer -- Let's Make a Deal -- Games and Strategies -- It Came from Harvard -- A Tale of Two Smiths -- The Law of Supply and Demand -- The Groping Market -- New Market Rules -- Perfect Without Knowledge -- Bubbles in the Lab -- Cycling Through Time -- The Seasonal Shift -- Speculators Enter the Laboratory -- Behold the Bubble -- On the Origin of Bubbles -- Bubbles in the Wild -- Asset Valuation and Efficient Markets -- From Noise to Irrationality -- Breaking the Bank -- Bubbles: Rational or Irrational? -- Potholes on Wall Street -- Inside Markets: Options, Information, and Liquidity -- Black Monday -- Peering into the Abyss -- The Quantitative Finance Revolution -- It's There Until You Need It -- Programmed to Trade -- All the World's an Option -- How Do You Value an Option? -- The Formula for Options -- The Universal Nature of Options -- Options Rule on Wall Street -- Spreads and the Risk of Default -- Liquidity: The Ultimate Option -- The Invisible Hand Discovers Prices -- Price Impact and Market Manipulations -- Toward Instantaneous Price Discovery -- One-Sided Auction Markets -- Vickery's Solution -- Deviant Auctions -- Sending Signals and Keeping Score -- Lemons Squeeze the Market Mechanism -- The Theory of Market Signaling -- Learning to Signal in the Laboratory -- Prices as Scorekeepers. |
| Subject |
Stock exchanges.
|
|
Options (Finance)
|
| ISBN |
0471121983 (cloth : alk. paper) |
|
9780471121985 (cloth : alk. paper) |
|
