arXivDaily arXiv每日学术速递 周一至周五更新
arXiv周末暂无论文更新,休息一下吧,周末愉快~~
arXiv 1105.5503q-fin.GN
收藏

金融与经济学中的定价、流动性与动态系统控制

Pricing, liquidity and the control of dynamic systems in finance and economics

Geoff Willis

摘要:

本文讨论了将经济和金融视为一个内在动态和混沌系统的各种实际后果。在理论方面,这着眼于做市定价方法对一般经济学的普遍适用性。本文还讨论了流动性的内生创造的后果和流动性作为一个状态变量的作用。在实践方面,提出了减少住房市场和股票市场混乱行为的建议。

英文摘要:

The paper discusses various practical consequences of treating economics and finance as an inherently dynamic and chaotic system. On the theoretical side this looks at the general applicability of the market-making pricing approach to economics in general. The paper also discuses the consequences of the endogenous creation of liquidity and the role of liquidity as a state variable. On the practical side, proposals are made for reducing chaotic behaviour in both housing markets and stock markets.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

↑