<< 1 >>
Rating: 
Summary: Don't waste your time.
Review: A much better title for this book would have been "Interesting Financial Concepts That Hopefully Some Other Book Will Teach You"As an engineer, I saw this as a very shallow treatment of Chaos Theory that will do NOTHING for those who actually wish to apply it to financial markets. Chapter after chapter poses questions to the reader but fails do deliver the answers. One can only assume that the few diagrams and examples presented are not explained because the author just does not fully understand them. The reviewer who claims that the book was a good starting point may have been partially right. It asks so many questions that now I must find a text with at least one or two answers.
Rating:
Summary: Don't waste your time.
Review: A much better title for this book would have been "Interesting Financial Concepts That Hopefully Some Other Book Will Teach You" As an engineer, I saw this as a very shallow treatment of Chaos Theory that will do NOTHING for those who actually wish to apply it to financial markets. Chapter after chapter poses questions to the reader but fails do deliver the answers. One can only assume that the few diagrams and examples presented are not explained because the author just does not fully understand them. The reviewer who claims that the book was a good starting point may have been partially right. It asks so many questions that now I must find a text with at least one or two answers.
Rating:
Summary: worthless, overpriced
Review: Although math is mentioned in the desciption, you won't find any in this book. This book is written for junior high school economics students who have never heard the terms chaos or fuzzy logic before. With a background in non-linear dynamics, I found this text insulting for its price. Application of the current trendy concepts to any market whatsoever was completely lacking. It is essentially a 300+ page version of Webster's dictionary definition of chaos. For the amount of information present in this book, it should be priced in the five to ten dollar range.
Rating:
Summary: worthless, overpriced
Review: Something of a disappointment. There is almost nothing of a truly technical nature. A lot of chalk board drawings but nothing you can feed to a computer to test any ideas. It would have been worth the price if it had included a few real world models, perhaps implemented as spreadsheets. Otherwise, it's just a b-r-o-a-d overview.
Rating:
Summary: Compendium of Slide Projector Chapters
Review: Something of a disappointment. There is almost nothing of a truly technical nature. A lot of chalk board drawings but nothing you can feed to a computer to test any ideas. It would have been worth the price if it had included a few real world models, perhaps implemented as spreadsheets. Otherwise, it's just a b-r-o-a-d overview.
Rating: 
Summary: Excellent base for developing profitable market strategies.
Review: This is the book to read if you want to sound like an expert on modern, non-traditional methods of financial analysis. By the time you've finished this 371-page volume, you'll know all the buzzwords, the names of the important researchers and research centers, and even the names of early Greeks (Democritos and Pythagoras, for example) who laid some of the groundwork for Chaos Theory. As the broad historical sweep suggests, this is a book that paints in very broad strokes -- covering not only a wide range of research areas (chaos, complexity, artificial intelligence, computer simulation), but also a dizzying range of disciplines (physics, biology, chemistry, computer science, mathematics, economics) and historical perspective. What this book does not do, unfortunately, is teach you how to practice any of this stuff. In its quest to present a conceptual picture, it glosses over the science and engineering in ways that border on heresy. Consider this novel explanation of Einstein's special and general theories of relativity: "If Newton's laws of motion put an end to the idea of absolute position in space, Einstein's theory of relativity gets rid of absolute time. What Albert Einstein established is that " - There is no unique absolute time. " - Instead, each person has her or his own personal measure of time. "This measure of time depends on where that person is and how he or she is moving. With these two contributions, space and time have become dynamic entities. When a body moves or a force acts, it affects the curvature of space and time. Something similar can be stated about behavior in the financial markets." This is neither science nor economics; it's conceptual handwaving (although I cannot resist the image of traders careening around the exchange floor at velocities approaching the speed of light :-). If you speak this sort of language, you'll like the book. If, on the other hand, you're a technical reader who wants to learn how to practice -- consider the other book I purchased at the same time: Robert Trippi's "Chaos & Nonlinear Dynamics in the Financial Markets" -- a combination of introductory articles and real papers by real researchers, and much better on the technical details.
<< 1 >>
| 
