Duplex models of complex systems
(2020)

Nonfiction

eBook

Provider: hoopla

Details

PUBLISHED
[United States] : Kenwave Press, 2020
Made available through hoopla
DESCRIPTION

1 online resource

ISBN/ISSN
9781393394136 MWT15541103, 1393394132 15541103
LANGUAGE
English
NOTES

Duplex models can portray complex systems with the utmost of simplicity, clarity and efficacy. The value of the binomial approach shows up, for instance, in debunking the welter of myths and misconceptions that pervades the fields of finance and economics. According to the Efficient Market Hypothesis, the marketplace always reflects the totality of information available to the general public. Yet, the Efficient credo abounds with flaws ranging from unreal assumptions to faulty conclusions. A counterpoint involves the wave motion of the stock market that belies the premise of utter randomness. To underscore the gulf between the mythos and reality, the work plan takes a minimalist approach. For starters, the inquest draws only on a minute fraction of the trove of information available at the most popular portal among the investing public. Moreover, the quantitative analysis relies solely on the simplest technique in statistical testing. From a computational stance, the attendant program invokes a skimpy subset of the built-in functions within the core module of the R system: the leading choice of programming language and software platform for data science in disparate domains

Mode of access: World Wide Web

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