02895nam a22005175i 4500 978-3-031-52019-8 DE-He213 20251030111434.0 cr nn 008mamaa 240220s2024 sz | s |||| 0|eng d 9783031520198 978-3-031-52019-8 10.1007/978-3-031-52019-8 doi Q295 GPFC bicssc SCI064000 bisacsh GPFC thema Neuman, Yair. author. aut http://id.loc.gov/vocabulary/relators/aut 71410 Betting Against the Crowd [electronic resource] : A Complex Systems Approach / by Yair Neuman. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Springer, 2024. XIV, 167 p. 27 illus., 17 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Crowds are misleading, both in their simplicity and in their complexity. On the one hand, they behave according to expected trends; on the other, they present sudden shifts and frantic, unexpected behavior. Therefore, “betting against the crowd,” whether in politics, sports, or finance, requires a deep understanding of the crowd’s dynamics. In this book, Prof. Neuman addresses this challenge by delving into the complexity of crowds. The book involves foundational issues and novel ideas, such as why crowds behave unexpectedly, why betting against the crowd is possible only in short time frames, why is it important to be attentive to suspicious signs that are indicative of the crowd’s behavior, and why the long tail of fatalities in armed conflicts leaves us surprised by blitz attacks of violent mobs. The book combines scientific knowledge, experiments, and accessible, often humorous, exposition. It can be read by anyone with a basic science education who seeks to understand crowds and how one can act within and against them. System theory. 66519 Statistical Mechanics. 69101 Economics Psychological aspects. 59551 Sports Sociological aspects. Complex Systems. 66520 Statistical Mechanics. 69101 Behavioral Finance. 69532 Sport Sociology. 68592 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031520181 Printed edition: 9783031520204 https://doi.org/10.1007/978-3-031-52019-8 ZDB-2-PHA ZDB-2-SXP 57750 57750