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Journal of Statistical Physics

, Volume 151, Issue 3–4, pp 607–622 | Cite as

The Beneficial Role of Random Strategies in Social and Financial Systems

  • Alessio Emanuele Biondo
  • Alessandro Pluchino
  • Andrea RapisardaEmail author
Article

Abstract

In this paper we focus on the beneficial role of random strategies in social sciences by means of simple mathematical and computational models. We briefly review recent results obtained by two of us in previous contributions for the case of the Peter principle and the efficiency of a Parliament. Then, we develop a new application of random strategies to the case of financial trading and discuss in detail our findings about forecasts of markets dynamics.

Keywords

Random strategies Sociophysics Efficiency Numerical simulations Peter Principle Parliament Financial Strategy Financial Markets Expectations Momentum RSI 

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Alessio Emanuele Biondo
    • 1
  • Alessandro Pluchino
    • 2
  • Andrea Rapisarda
    • 2
    Email author
  1. 1.Dipartimento di Economia e ImpresaUniversitá CataniaCataniaItaly
  2. 2.Dipartimento di Fisica e Astronomia and INFNUniversitá di CataniaCataniaItaly

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