How do professionals on Wall Street earn a living each year by predicting stock prices when efficient market theory claims that stock prices are essentially random and unpredictable? The answer is simple–by using techniques that allow for a stock market that can at times become predictable....

Chronicling the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox's The Myth of the Rational Market is as much an intellectual whodunit as a cultural history of the perils and possibilities of risk. The book brings to life the people and ideas that forged modern finance...

The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. In this book, Didier Sornette boldly...

Quarter examines business owners who use their firms as laboratories for social innovation. After providing an introduction to this phenomenon in an historical perspective and discussing the 19th-century British industrialist Robert Owen, he provides ll case studies of contemporary innovators from six countries-the UK, US, the Netherlands,...

In A Mathematician Plays the Stock...

“In these financial times, this is an especially timely book. Michael C. Thomsett provides practical, direct instruction to...

Throughout the last decade there have been steady, incremental improvements and relationship changes in retail logistics. These changes have been fundamental to business efficiency and it is now widely recognized that logistics excellence provides competitive advantage. Emphasis is now on minimizing time to market, maximizing on-shelf...

I know what you’re thinking: “If this is Part 2, where is Part 1?” Well, Part 1 is actually Chapter One back in volume 2. “Wait a darn minute—you’re pulling that old ‘bait and switch’ scam, right?” No, a bait-and-switch scam is where you see an advertisement for a washer and dryer for a...