Introduction to Econophysics

Introduction to Econophysics
Author: Rosario N. Mantegna
Publisher: Cambridge University Press
Total Pages: 164
Release: 1999-11-13
Genre: Business & Economics
ISBN: 1139431226

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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.


Introduction to Econophysics
Language: en
Pages: 164
Authors: Rosario N. Mantegna
Categories: Business & Economics
Type: BOOK - Published: 1999-11-13 - Publisher: Cambridge University Press

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This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in pro
Econophysics
Language: en
Pages: 371
Authors: Sitabhra Sinha
Categories: Science
Type: BOOK - Published: 2010-12-06 - Publisher: John Wiley & Sons

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Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensi
Econophysics
Language: en
Pages: 180
Authors: Gheorghe Savoiu
Categories: Business & Economics
Type: BOOK - Published: 2013 - Publisher: Academic Press

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The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physics to subjects as diverse as education
Introduction to Econophysics
Language: en
Pages: 218
Authors: Carlo Requião da Cunha
Categories: Business & Economics
Type: BOOK - Published: 2021-10-29 - Publisher: CRC Press

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Econophysics explores the parallels between physics and economics and is an exciting topic that is attracting increasing attention. However there is a lack of l
Classical Econophysics
Language: en
Pages: 419
Authors: Allin F. Cottrell
Categories: Business & Economics
Type: BOOK - Published: 2009-06-02 - Publisher: Routledge

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This monograph examines the domain of classical political economy using the methodologies developed in recent years both by the new discipline of econo-physics