Complexity risk, and financial market

- lan Stewart, author of Does God Play Dice? and columnist for Scientific American

Is it any wonder why smart traders love volatility, while amateurs shun it? Its because smart traders understand complexity theory. And with the help of Peters' book, you may too!"

- Desmond MacRae, The Street.com

"In reading previous contributions to the work of complexity and chaos theory, ifs obvious that the forerunners in these fields have been running too fast for the average reader ... Peters knows what he is talking about and has done his homework, which makes this a good starting point for gaining insight into an economic paradigm shift bound to take place... [thîs book] is the real deal about complexity and chaos."

- Thomas Stridsman, Futures Magazine

"...Peters always seems to provide compelling insight into how global structure and local randomness interact ... the discussions regarding various process models and theîr implications for economic activity are worth the price of admission alone. Interested investors ought to check it out."

- Alex Schay, The Motley Fool.com

Contents

• Chapter 1 Introduction : Life, Risk, and Uncertainty
• Part One Uncertainty, Complexity, and Spontaneous Organisation
• Chapter 2 Imposing Order : Conspiracies and the Mathématics of Ignorance
• Chapter 3 Uncertainty , Vagueness, and Ambiguity : The Need for Information
• Chapter 4 Complexity and Time Dynamics of Uncertainty
• Part Two
• Free Markets and the Need for Uncertainty
• Chapter 5 Subjectivism : The Economics of Time AND Ingnorance
• Chapter 6 Diversity and Knowledge
• Chapter 7 Crisis and Competition : Creative Destruction in Free Markets
• Chapter 8 Economic Evolution : Change in Real Time
• Chapter 9 Creativity : Uncertainty, Innovation, and Entrepreneurs
• Chapter 10 Rules and Law : Limits in Complexity
• Chapter 11 Degrees of Order : Balancing Rules, Freedom, and Uncertainty
• Chapter 12 The Need For Uncertainty
• References
• Index