Introduction To Econophysics

Author : Rosario N. Mantegna,H. Eugene Stanley
Publisher : Cambridge University Press
Page : 164 pages
File Size : 46,7 Mb
Release : 1999-11-13
Category : Business & Economics
ISBN : 9781139431224

Get Book

Introduction to Econophysics by Rosario N. Mantegna,H. Eugene Stanley Pdf

This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The authors also present a stochastic model that displays several of the statistical properties observed in empirical data. Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling permit an understanding of the global behaviour of economic systems without first having to work out a detailed microscopic description of the system. Physicists will find the application of statistical physics concepts to economic systems interesting. Economists and workers in the financial world will find useful the presentation of empirical analysis methods and well-formulated theoretical tools that might help describe systems composed of a huge number of interacting subsystems.

Author : Carlo Requião da Cunha
Publisher : CRC Press
Page : 218 pages
File Size : 52,8 Mb
Release : 2021-10-29
Category : Business & Economics
ISBN : 9781000464238

Get Book

Introduction to Econophysics by Carlo Requião da Cunha Pdf

Econophysics explores the parallels between physics and economics and is an exciting topic that is attracting increasing attention. However there is a lack of literature that explains the topic from a broad perspective. This book introduces advanced undergraduates and graduate students in physics and engineering to the topic from this outlook, and is accompanied by rigorous mathematics which ensures that this will also be a good guide for established researchers in the field as well as researchers from other fields, such as mathematics and statistics, who are interested in the topic. Key features: Presents a multidisciplinary approach that will be of interest to students and researchers from physics, engineering, mathematics, statistics, and other physical sciences Accompanied by Python code with further learning opportunities, available for readers to download from the CRC Press website. Accessible to both students and researchers Carlo R. da Cunha is an associate professor of physics and engineering physics at the Universidade Federal do Rio Grande do Sul (Brazil) and has been since 2011. Dr. da Cunha received his M.Sc. Degree from the West Virginia University in 2001 and his Ph.D. degree from Arizona State University in 2005. He was a postdoctoral researcher at McGill University in Canada in 2006 and an assistant professor of engineering at the University Federal de Santa Catarina between 2007 and 2011. He has been a guest professor at the Technische Universität Wien (Austria), Chiba University (Japan) and Arizona State University (US). His research revolves around the physics of complex systems where he has been drawing parallels between physical and economic systems from quantum to social levels. To access additional resources please take a lookhere.

Author : Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti
Publisher : John Wiley & Sons
Page : 371 pages
File Size : 42,6 Mb
Release : 2010-12-06
Category : Science
ISBN : 9783527408153

Get Book

Econophysics by Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti Pdf

Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensive introduction. Based on extensive teaching experience, it includes numerous worked examples and highlights in special biographical boxes some of the most outstanding personalities and their contributions to both physics and economics. The whole is rounded off by several appendices containing important background material.

Author : Rosario Nunzio Mantegna,Harry Eugene Stanley
Publisher : Unknown
Page : 148 pages
File Size : 45,9 Mb
Release : 2000
Category : Electronic
ISBN : OCLC:848715407

Get Book

An Introduction to Econophysics by Rosario Nunzio Mantegna,Harry Eugene Stanley Pdf

Author : Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Hiroshi Iyetomi,Wataru Souma
Publisher : Cambridge University Press
Page : 262 pages
File Size : 49,8 Mb
Release : 2010-08-05
Category : Business & Economics
ISBN : 9781139490030

Get Book

Econophysics and Companies by Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Hiroshi Iyetomi,Wataru Souma Pdf

Econophysics is an emerging interdisciplinary field that takes advantage of the concepts and methods of statistical physics to analyse economic phenomena. This book expands the explanatory scope of econophysics to the real economy by using methods from statistical physics to analyse the success and failure of companies. Using large data sets of companies and income-earners in Japan and Europe, a distinguished team of researchers show how these methods allow us to analyse companies, from huge corporations to small firms, as heterogeneous agents interacting at multiple layers of complex networks. They then show how successful this approach is in explaining a wide range of recent findings relating to the dynamics of companies. With mathematics kept to a minimum, the book is not only a lively introduction to the field of econophysics but also provides fresh insights into company behaviour.

Author : Gheorghe Savoiu
Publisher : Academic Press
Page : 180 pages
File Size : 55,7 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780124046269

Get Book

Econophysics by Gheorghe Savoiu Pdf

The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physics to subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science. Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making

Author : Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Wataru Souma
Publisher : Cambridge University Press
Page : 437 pages
File Size : 42,5 Mb
Release : 2017-07-04
Category : Business & Economics
ISBN : 9781107198951

Get Book

Macro-Econophysics by Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Wataru Souma Pdf

This book explains the role of big data and statistical physics in understanding macroeconomic concepts.

Author : Peter Richmond,Jürgen Mimkes,Stefan Hutzler
Publisher : Oxford University Press
Page : 258 pages
File Size : 54,6 Mb
Release : 2013-09-05
Category : Business & Economics
ISBN : 9780199674701

Get Book

Econophysics and Physical Economics by Peter Richmond,Jürgen Mimkes,Stefan Hutzler Pdf

This book summarises progress in the understanding of financial markets and economics based on the established methodology of statistical physics. It offers a new approach to the fundamentals of economics that offers the potential for increased insight and understanding. It should be of interest to all serious students of the subject.

Author : Frantisek Slanina
Publisher : Oxford University Press
Page : 427 pages
File Size : 55,7 Mb
Release : 2013-12
Category : Business & Economics
ISBN : 9780199299683

Get Book

Essentials of Econophysics Modelling by Frantisek Slanina Pdf

This book is a course in methods and models rooted in physics and used in modelling economic and social phenomena. It covers the discipline of econophysics, which creates an interface between physics and economics. Besides the main theme, it touches on the theory of complex networks and simulations of social phenomena in general. After a brief historical introduction, the book starts with a list of basic empirical data and proceeds to thorough investigation of mathematical and computer models. Many of the models are based on hypotheses of the behaviour of simplified agents. These comprise strategic thinking, imitation, herding, and the gem of econophysics, the so-called minority game. At the same time, many other models view the economic processes as interactions of inanimate particles. Here, the methods of physics are especially useful. Examples of systems modelled in such a way include books of stock-market orders, and redistribution of wealth among individuals. Network effects are investigated in the interaction of economic agents. The book also describes how to model phenomena like cooperation and emergence of consensus. The book will be of benefit to graduate students and researchers in both Physics and Economics.

Author : Bikas K. Chakrabarti,Anirban Chakraborti,Satya R. Chakravarty,Arnab Chatterjee
Publisher : Cambridge University Press
Page : 225 pages
File Size : 41,7 Mb
Release : 2013-03-07
Category : Business & Economics
ISBN : 9781107013445

Get Book

Econophysics of Income and Wealth Distributions by Bikas K. Chakrabarti,Anirban Chakraborti,Satya R. Chakravarty,Arnab Chatterjee Pdf

The first monograph in econophysics focussed on the analyses and modelling of these distributions, ideal for physicists and economists.

Author : Kishore Chandra Dash
Publisher : Cambridge Scholars Publishing
Page : 222 pages
File Size : 55,7 Mb
Release : 2019-08-22
Category : Business & Economics
ISBN : 9781527538887

Get Book

The Story of Econophysics by Kishore Chandra Dash Pdf

This book will appeal to the lay-reader with an interest in the history of what is today termed ‘Econophysics’, looking at various works throughout the ages that have led to the emergence of this field. It begins with a discussion of the philosophers and scientists who have contributed to this discipline, before moving on to considering the contributions of different institutions, books, journals and conferences in nurturing the subject.

Author : Joseph L. McCauley
Publisher : Cambridge University Press
Page : 287 pages
File Size : 48,8 Mb
Release : 2009-09-03
Category : Business & Economics
ISBN : 9781139479578

Get Book

Dynamics of Markets by Joseph L. McCauley Pdf

This second edition presents the advances made in finance market analysis since 2005. The book provides a careful introduction to stochastic methods along with approximate ensembles for a single, historic time series. The new edition explains the history leading up to the biggest economic disaster of the 21st century. Empirical evidence for finance market instability under deregulation is given, together with a history of the explosion of the US Dollar worldwide. A model shows how bounds set by a central bank stabilized FX in the gold standard era, illustrating the effect of regulations. The book presents economic and finance theory thoroughly and critically, including rational expectations, cointegration and arch/garch methods, and replaces several of those misconceptions by empirically based ideas. This book will be of interest to finance theorists, traders, economists, physicists and engineers, and leads the reader to the frontier of research in time series analysis.

Author : Corrado Di Guilmi,Mauro Gallegati,Simone Landini
Publisher : Cambridge University Press
Page : 307 pages
File Size : 43,7 Mb
Release : 2017-04-04
Category : Business & Economics
ISBN : 9781107198944

Get Book

Interactive Macroeconomics by Corrado Di Guilmi,Mauro Gallegati,Simone Landini Pdf

This book describes the analysis of macroeconomic agent based models using the tools of statistical mechanics.

Author : Allin F. Cottrell,Paul Cockshott,Gregory John Michaelson,Ian P. Wright,Victor Yakovenko
Publisher : Routledge
Page : 419 pages
File Size : 47,8 Mb
Release : 2009-06-02
Category : Business & Economics
ISBN : 9781134020751

Get Book

Classical Econophysics by Allin F. Cottrell,Paul Cockshott,Gregory John Michaelson,Ian P. Wright,Victor Yakovenko Pdf

This monograph examines the domain of classical political economy using the methodologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – production – and asks what it is about physical laws that allows production to take place. How is it that human labour is able to modify the world? It looks at the role that information has played in the process of mass production and the extent to which human labour still remains a key resource. The Ricardian labour theory of value is re-examined in the light of econophysics, presenting agent based models in which the Ricardian theory of value appears as an emergent property. The authors present models giving rise to the class distribution of income, and the long term evolution of profit rates in market economies. Money is analysed using tools drawn both from computer science and the recent Chartalist school of financial theory. Covering a combination of techniques drawn from three areas, classical political economy, theoretical computer science and econophysics, to produce models that deepen our understanding of economic reality, this new title will be of interest to higher level doctoral and research students, as well as scientists working in the field of econophysics.

Author : B. E. Baaquie
Publisher : Cambridge University Press
Page : 717 pages
File Size : 43,5 Mb
Release : 2018-08-23
Category : Business & Economics
ISBN : 9781108423151

Get Book

Quantum Field Theory for Economics and Finance by B. E. Baaquie Pdf

This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance. Providing a range of quantum mathematical techniques for designing financial instruments, it demonstrates how a range of topics have quantum mechanical formulations, from asset pricing to interest rates.