The Application Of Econophysics

Author : Gheorghe Savoiu
Publisher : Academic Press
Page : 180 pages
File Size : 55,8 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780124046269

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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 : Hideki Takayasu
Publisher : Springer Science & Business Media
Page : 352 pages
File Size : 43,8 Mb
Release : 2012-12-06
Category : Science
ISBN : 9784431539476

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The Application of Econophysics by Hideki Takayasu Pdf

Econophysics is a newborn field of science bridging economics and physics. A special feature of this new science is the data analysis of high-precision market data. In economics arbitrage opportunity is strictly denied; however, by observing high-precision data we can prove the existence of arbitrage opportunity. Also, financial technology neglects the possibility of market prediction; however, in this book you can find many examples of predicted events. There are other surprising findings. This volume is the proceedings of a workshop on "application of econophysics" at which leading international researchers discussed their most recent results.

Author : Rosario N. Mantegna,H. Eugene Stanley
Publisher : Cambridge University Press
Page : 164 pages
File Size : 51,8 Mb
Release : 1999-11-13
Category : Business & Economics
ISBN : 9781139431224

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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 : Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Wataru Souma
Publisher : Cambridge University Press
Page : 437 pages
File Size : 44,5 Mb
Release : 2017-07-04
Category : Business & Economics
ISBN : 9781107198951

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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 : Frédéric Abergel,Hideaki Aoyama,Bikas K. Chakrabarti,Anirban Chakraborti,Nivedita Deo,Dhruv Raina,Irena Vodenska
Publisher : Springer
Page : 256 pages
File Size : 52,8 Mb
Release : 2017-01-11
Category : Science
ISBN : 9783319477053

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Econophysics and Sociophysics: Recent Progress and Future Directions by Frédéric Abergel,Hideaki Aoyama,Bikas K. Chakrabarti,Anirban Chakraborti,Nivedita Deo,Dhruv Raina,Irena Vodenska Pdf

This book presents the proceedings from ECONOPHYS-2015, an international workshop held in New Delhi, India, on the interrelated fields of “econophysics” and “sociophysics”, which have emerged from the application of statistical physics to economics and sociology. Leading researchers from varied communities, including economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others, report on their recent work, discuss topical issues, and review the relevant contemporary literature. A society can be described as a group of people who inhabit the same geographical or social territory and are mutually involved through their shared participation in different aspects of life. It is possible to observe and characterize average behaviors of members of a society, an example being voting behavior. Moreover, the dynamic nature of interaction within any economic sector comprising numerous cooperatively interacting agents has many features in common with the interacting systems of statistical physics. It is on these bases that interest has grown in the application within sociology and economics of the tools of statistical mechanics. This book will be of value for all with an interest in this flourishing field.

Author : Bikas K. Chakrabarti,Anirban Chakraborti,Arnab Chatterjee
Publisher : John Wiley & Sons
Page : 648 pages
File Size : 51,7 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 : Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti
Publisher : John Wiley & Sons
Page : 371 pages
File Size : 50,8 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 : Hideki Takayasu
Publisher : Springer Science & Business Media
Page : 410 pages
File Size : 52,5 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 : Peter Richmond,Jürgen Mimkes,Stefan Hutzler
Publisher : Oxford University Press
Page : 258 pages
File Size : 47,7 Mb
Release : 2013-09-05
Category : Business & Economics
ISBN : 9780199674701

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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 : Rosario Nunzio Mantegna,Harry Eugene Stanley
Publisher : Unknown
Page : 148 pages
File Size : 44,9 Mb
Release : 2000
Category : Electronic
ISBN : OCLC:848715407

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

Author : D. Helbing,H.J. Herrmann,M. Schreckenberg,D.E. Wolf
Publisher : Springer Science & Business Media
Page : 532 pages
File Size : 43,5 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9783642597510

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Traffic and Granular Flow ’99 by D. Helbing,H.J. Herrmann,M. Schreckenberg,D.E. Wolf Pdf

"Are there common phenomena and laws in the dynamic behavior of granular materials, traffic, and socio-economic systems?" The answers given at the international workshop "Traffic and Granular Flow '99" are presented in this volume. From a physical standpoint, all these systems can be treated as (self)-driven many-particle systems with strong fluctuations, showing multistability, phase transitions, non-linear waves, etc. The great interest in these systems is due to several unexpected new discoveries and their practical relevance for solving some fundamental problems of today's societies. This includes intelligent measures for traffic flow optimization and methods from "econophysics" for stabilizing (stock) markets.

Author : Arnab Chatterjee,Bikas K. Chakrabarti
Publisher : Springer Science & Business Media
Page : 262 pages
File Size : 50,9 Mb
Release : 2007-11-06
Category : Science
ISBN : 9788847006652

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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 : Hideaki Aoyama,Yoshi Fujiwara,Yuichi Ikeda,Hiroshi Iyetomi,Wataru Souma
Publisher : Cambridge University Press
Page : 262 pages
File Size : 52,5 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 : Bertrand M. Roehner
Publisher : Cambridge University Press
Page : 250 pages
File Size : 54,6 Mb
Release : 2002-05-02
Category : Business & Economics
ISBN : 9781139432344

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Patterns of Speculation by Bertrand M. Roehner Pdf

The main objective of this 2002 book is to show that behind the bewildering diversity of historical speculative episodes it is possible to find hidden regularities, thus preparing the way for a unified theory of market speculation. Speculative bubbles require the study of various episodes in order for a comparative perspective to be obtained and the analysis developed in this book follows a few simple but unconventional ideas. Investors are assumed to exhibit the same basic behavior during speculative episodes whether they trade stocks, real estate, or postage stamps. The author demonstrates how some of the basic concepts of dynamical system theory, such as the notions of impulse response, reaction times and frequency analysis, play an instrumental role in describing and predicting speculative behavior. This book will serve as a useful introduction for students of econophysics, and readers with a general interest in economics as seen from the perspective of physics.

Author : Carlo Requião da Cunha
Publisher : CRC Press
Page : 218 pages
File Size : 53,7 Mb
Release : 2021-10-29
Category : Business & Economics
ISBN : 9781000464238

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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.