Practical Fruits Of Econophysics

Author : Hideki Takayasu
Publisher : Springer Science & Business Media
Page : 410 pages
File Size : 55,6 Mb
Release : 2006-01-05
Category : Business & Economics
ISBN : 4431289143

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Practical Fruits of Econophysics by Hideki Takayasu Pdf

The proceedings of the Third Nikkei Econophysics Symposium, "Business Models in the 21st Century - Risk Management and Expectations for Econophysics," held in Tokyo in November 2004, are gathered herein. Cutting-edge research on the practical application of econophysics is included, covering such topics as the predictability of markets, the analysis of rare events, the mechanism of crashes and bubbles, markets’ correlation and risk management, investment strategy, stochastic market simulations, agent-based market simulations, wealth distribution, and network structures in economics, most of which are beyond the scope of standard financial technology. New market models and financial-data analysis methods are introduced, and dynamic aspects of markets and economy are highlighted. Professionals, researchers, and students will find an invaluable resource in this first book of its kind to summarize the latest work in the field of econophysics.

Author : Siew Ann Cheong,Takayuki Mizuno,Wei-Xing Zhou,Gabjin Oh,Anirban Chakraborti,Damien Challet
Publisher : Frontiers Media SA
Page : 341 pages
File Size : 54,7 Mb
Release : 2022-07-06
Category : Science
ISBN : 9782889765195

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From Physics to Econophysics and Back: Methods and Insights by Siew Ann Cheong,Takayuki Mizuno,Wei-Xing Zhou,Gabjin Oh,Anirban Chakraborti,Damien Challet Pdf

Author : Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti
Publisher : John Wiley & Sons
Page : 371 pages
File Size : 53,7 Mb
Release : 2010-12-06
Category : Science
ISBN : 9783527408153

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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 : Frantisek Slanina
Publisher : Oxford University Press
Page : 427 pages
File Size : 52,5 Mb
Release : 2013-12
Category : Business & Economics
ISBN : 9780199299683

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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,Arnab Chatterjee
Publisher : John Wiley & Sons
Page : 648 pages
File Size : 54,8 Mb
Release : 2007-02-27
Category : Science
ISBN : 9783527609581

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Econophysics and Sociophysics by Bikas K. Chakrabarti,Anirban Chakraborti,Arnab Chatterjee Pdf

Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.

Author : Franck Jovanovic,Christophe Schinckus
Publisher : Oxford University Press
Page : 249 pages
File Size : 47,9 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780190205034

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Econophysics and Financial Economics by Franck Jovanovic,Christophe Schinckus Pdf

This work provides an extensive analytic comparison between models and results from econophysics and financial economics in an accessible and common vocabulary. Unlike other publications dedicated to econophysics, it situates this field in the evolution of financial economics by laying the foundations for common theoretical framework and models.

Author : Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Hiroshi Iyetomi,Wataru Souma
Publisher : Cambridge University Press
Page : 262 pages
File Size : 53,7 Mb
Release : 2010-08-05
Category : Business & Economics
ISBN : 9781139490030

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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 : Bikas K. Chakrabarti,Anirban Chakraborti,Satya R. Chakravarty,Arnab Chatterjee
Publisher : Cambridge University Press
Page : 225 pages
File Size : 47,5 Mb
Release : 2013-03-07
Category : Business & Economics
ISBN : 9781139619561

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

The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on the analyses and modelling of these distributions, and is ideal for physicists and economists. It is written in simple, lucid language, with plenty of illustrations and in-depth analyses, making it suitable for researchers new to this field as well as specialized readers. It explores the origin of economic inequality and examines the scientific steps that can be taken to reduce this inequality in the future.

Author : Arnab Chatterjee,Sudhakar Yarlagadda,Bikas K. Chakrabarti
Publisher : Springer Science & Business Media
Page : 251 pages
File Size : 47,7 Mb
Release : 2007-06-25
Category : Business & Economics
ISBN : 9788847003897

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Econophysics of Wealth Distributions by Arnab Chatterjee,Sudhakar Yarlagadda,Bikas K. Chakrabarti Pdf

We all know the hard fact: neither wealth nor income is ever uniform for us all. Justified or not, they are unevenly distributed; few are rich and many are poor! Investigations for more than hundred years and the recent availability of the income distribution data in the internet (made available by the finance ministries of various countries; from the tax return data of the income tax departments) have revealed some remarkable features. Irrespective of many differences in culture, history, language and, to some extent, the economic policies followed in different countries, the income distribution is seen to fol low a particular universal pattern. So does the wealth distribution. Barring an initial rise in population with income (or wealth; for the destitutes), the population decreases either exponentially or in a log-normal way for the ma jority of 'middle income' group, and it eventually decreases following a power law (Pareto law, following Vilfredo Pareto's observation in 1896) for the rich est 5-10 % of the population! This seems to be an universal feature - valid for most of the countries and civilizations; may be in ancient Egypt as well! Econophysicists tried to view this as a natural law for a statistical ma- body-dynamical market system, analogous to gases, liquids or solids: classical or quantum.

Author : Arnab Chatterjee,Bikas K. Chakrabarti
Publisher : Springer Science & Business Media
Page : 262 pages
File Size : 51,8 Mb
Release : 2007-09-04
Category : Science
ISBN : 9788847006645

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Econophysics of Markets and Business Networks by Arnab Chatterjee,Bikas K. Chakrabarti Pdf

Econophysics research studies, which apply methods developed by physicists to solve problems in economics, enable you to deepen your understanding of what financial systems are and how they operate. Articles in this book identify and explain the statistical behavior of the underlying networks in trading, banking, and stock markets as well as other financial systems. Authors also debate the latest issues arising from these econophysics studies.

Author : Misako Takayasu,Tsutomu Watanabe,Hideki Takayasu
Publisher : Springer Science & Business Media
Page : 320 pages
File Size : 41,6 Mb
Release : 2010-04-27
Category : Science
ISBN : 9784431538530

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Econophysics Approaches to Large-Scale Business Data and Financial Crisis by Misako Takayasu,Tsutomu Watanabe,Hideki Takayasu Pdf

In recent years, as part of the increasing “informationization” of industry and the economy, enterprises have been accumulating vast amounts of detailed data such as high-frequency transaction data in nancial markets and point-of-sale information onindividualitems in theretail sector. Similarly,vast amountsof data arenow ava- able on business networks based on inter rm transactions and shareholdings. In the past, these types of information were studied only by economists and management scholars. More recently, however, researchers from other elds, such as physics, mathematics, and information sciences, have become interested in this kind of data and, based on novel empirical approaches to searching for regularities and “laws” akin to those in the natural sciences, have produced intriguing results. This book is the proceedings of the international conference THICCAPFA7 that was titled “New Approaches to the Analysis of Large-Scale Business and E- nomic Data,” held in Tokyo, March 1–5, 2009. The letters THIC denote the Tokyo Tech (Tokyo Institute of Technology)–Hitotsubashi Interdisciplinary Conference. The conference series, titled APFA (Applications of Physics in Financial Analysis), focuses on the analysis of large-scale economic data. It has traditionally brought physicists and economists together to exchange viewpoints and experience (APFA1 in Dublin 1999, APFA2 in Liege ` 2000, APFA3 in London 2001, APFA4 in Warsaw 2003, APFA5 in Torino 2006, and APFA6 in Lisbon 2007). The aim of the conf- ence is to establish fundamental analytical techniques and data collection methods, taking into account the results from a variety of academic disciplines.

Author : Management Association, Information Resources
Publisher : IGI Global
Page : 472 pages
File Size : 53,5 Mb
Release : 2017-12-01
Category : Business & Economics
ISBN : 9781522539339

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Risk and Contingency Management: Breakthroughs in Research and Practice by Management Association, Information Resources Pdf

In business, mistakes and errors will inevitably occur. As such, organizations must be constantly alert and ready to meet challenges head-on. Risk and Contingency Management: Breakthroughs in Research and Practice is a comprehensive reference source for the latest scholarly material on trends and techniques for the prediction and evaluation of financial risks and how to diminish their effect. Highlighting a range of pertinent topics such as project management, risk auditing and reporting, and resource management, this multi-volume book is ideally designed for researchers, academics, professionals, managers, students, and practitioners interested in risk and contingency management.

Author : Frank J. Fabozzi,Harry M. Markowitz
Publisher : John Wiley & Sons
Page : 708 pages
File Size : 48,7 Mb
Release : 2011-04-05
Category : Business & Economics
ISBN : 9780470929902

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The Theory and Practice of Investment Management by Frank J. Fabozzi,Harry M. Markowitz Pdf

An updated guide to the theory and practice of investment management Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in practice while stressing the importance of the portfolio construction process. The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles. Tying together theoretical advances in investment management with actual practical applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances. Contains new material on the latest tools and strategies for both equity and fixed income portfolio management Includes key take-aways as well as study questions at the conclusion of each chapter A timely updated guide to an important topic in today's investment world This comprehensive investment management resource combines real-world financial knowledge with investment management theory to provide you with the practical guidance needed to succeed within the investment management arena.

Author : Matti Estola
Publisher : Springer
Page : 464 pages
File Size : 43,6 Mb
Release : 2017-01-20
Category : Business & Economics
ISBN : 9783319468792

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Newtonian Microeconomics by Matti Estola Pdf

Presenting the dynamic laws of economic quantities, this book tackles one of the core difficulties of current economic theory: that of transforming abstract equations of equilibrium into precise dynamic rules. The theoretical framework of neoclassical micro theory has historically prohibited its development into a quantitative science. Estola identifies the main weaknesses of this framework as follows: 1) Static optimization does not allow for the modelling of time-dependent production and consumption flows; 2) The assumption of optimal behaviours forecloses any understanding of changes in economic quantities, as none will change its optimal behaviour. The author of this title assumes that economic units tend to better their situation where possible. The book demonstrates how this approach leads to an analogous framework in economics to the Newtonian framework in physics. The ‘forces’ acting upon economic quantities, which either cause adjustment toward an equilibrium state or keep the system in motion with time, are defined such that the neoclassical framework corresponds to a ‘zero-force’ situation. Introducing a system of measurement units for economic phenomena, Estola applies this throughout, and thereby illuminates a way for microeconomics to meet the minimum requirements of quantitative analysis.

Author : Robert A. Meyers
Publisher : Springer Science & Business Media
Page : 919 pages
File Size : 40,6 Mb
Release : 2010-11-03
Category : Business & Economics
ISBN : 9781441977007

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Complex Systems in Finance and Econometrics by Robert A. Meyers Pdf

Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.