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By J. Doyne Farmer and John Geanakoplos


The following presents a review of power laws in financial economics. It is a chapter from a preliminary draft of a very long review article called “Beyond equilibrium and efficiency”. While some of the discussion is specific to economics, most of it applies to power laws in general – the nouns may change, but the underlying questions are similar in many fields. This draft is still highly preliminary – comments at any level are greatly appreciated

Year: 2004
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