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Theory of Wild Beasts
The THEORY OF WILD BEASTS is a framework for understanding price behaviour in financial markets. It is a total re-think of theory as we know it--something that can actually help in molding our perspective, so that we can intelligently approach the complexity of financial markets.
One of the most complicated issues that any financial theory needs to come to grips with is the complexity of financial markets--i.e. how it deals with the human investors, their actions, and their interactions. This is something which has long been avoided in standard theory for the simple reason that the dynamics of multiple, heterogeneous, intelligent, subjective, adaptive and autonomous agents, all doing whatever it takes to be successful in financial markets, can be quite overwhelming, if not being beyond the deductive capacity of our human mind.
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