Research on Nonlinear Behavior in Capital Markets

Author: Wang Dehe
Publisher:
Publish Date: 2006-04-01
Features: The book "Research on Nonlinear Behavior in the Capital Market" by Wang Dehe includes an introduction, a review of the history of capital market theory development and methodological analysis, nonlinear systems and dissipative structures, an analysis of the dynamic factors in the capital market, a dynamic framework and characteristics of capital market price movements, an analysis of the chaotic dynamic characteristics of capital market price movements, R/S analysis of the fractal characteristics of capital market price movements, and a summary and outlook, totaling eight chapters. It comprehensively discusses the structure of the capital market and the various dynamic factors influencing price changes in the capital market, clearly that the capital market is a highly open, non-equilibrium nonlinear complex system, an evolving and dynamically stable "living" organism, provides a general dynamic model for capital market price movements, and elucidates the author's views on the role that management authorities should play. Moreover, the book effectively improves the R/S analysis, which is frequently used in capital market analysis, and looks forward to the development prospects of nonlinear capital market theory and issues awaiting further research. The book combines theory and empirical evidence, forming a complete logical system. It is suitable as a reference book for capital market practitioners and university faculty and students.