Author: Hideki Takayasu
Publisher: Springer
Keywords: econophysics, application, symposium, nikkei, proceedings, second
Number of Pages: 334
Published: 2003-11-06
List price: $135.00
ISBN-10: 443114028X
ISBN-13: 9784431140283

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 interna

Author: Hideki Takayasu
Publisher: Springer
Keywords: econophysics, nikkei, symposium, third, proceedings, fruits, practical
Number of Pages: 390
Published: 2006-01-05
List price: $129.00
ISBN-10: 4431289143
ISBN-13: 9784431289142

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

Author: Joseph L. McCauley
Publisher: Cambridge University Pre
Keywords: finance, econophysics, markets, dynamics
Number of Pages: 228
Published: 2007-04-23
List price: unknow
ISBN-10: 0521036283
ISBN-13: 9780521036283

Standard texts and research in economics and finance ignore the absence of evidence from the analysis of real, unmassaged market data to support the notion of Adam Smith’s stabilizing Invisible Hand. In stark contrast, this text introduces a new empirically-based model of financial market dynamics that explains the volatility of prices options correctly and clarifies the instability of financial markets. The emphasis is on understanding how real markets behave, not how they hypothetically ’should’ behave.Book DescriptionStandard texts and research in economics and finance ign

Author: Joseph L. McCauley
Publisher: Cambridge University Press
Keywords: finance, econophysics, markets, dynamics
Number of Pages: 226
Published: 2004-06-07
List price: $88.99
ISBN-10: 0521824478
ISBN-13: 9780521824477

Standard texts and research in economics and finance ignore the absence of evidence from the analysis of real, unmassaged market data to support the notion of Adam Smith’s stabilizing Invisible Hand. In stark contrast, this text introduces a new empirically-based model of financial market dynamics that explains the volatility of prices options correctly and clarifies the instability of financial markets. The emphasis is on understanding how real markets behave, not how they hypothetically ’should’ behave.

Author: Luc T. Wille
Publisher: Springer
Keywords: bioinformatics, pattern, recognition, econophysics, physics, directions, statistical, new
Number of Pages: 362
Published: 2004-03-05
List price: $169.00
ISBN-10: 3540431829
ISBN-13: 9783540431824

Statistical physics addresses the study and understanding of systems with many degrees of freedom. As such it has a rich and varied history, with applications to thermodynamics, magnetic phase transitions, and order/disorder transformations, to name just a few. However, the tools of statistical physics can be profitably used to investigate any system with a large number of components. Thus, recent years have seen these methods applied in many unexpected directions, three of which are the main focus of this volume. These applications have been remarkably successful and have enriched the financi

Authors:Sitabhra Sinha, Arnab Chatterjee, Anirban Chakrabort
Publisher: Wiley-VCH
Keywords: introduction, econophysics
Number of Pages: 370
Published: 2010-12-28
List price: $100.00
ISBN-10: 3527408150
ISBN-13: 9783527408153

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.

Authors:Rosario N. Mantegna, H. Eugene Stanley,
Publisher: Cambridge University Pre
Keywords: finance, complexity, correlations, econophysics, introduction
Number of Pages: 164
Published: 2007-07-16
List price: $38.99
ISBN-10: 0521039878
ISBN-13: 9780521039871

Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling, permit an understanding of the global behavior of economic systems without first having to work out a detailed microscopic description of the system. This pioneering text explores the use of these concepts in the description of financial systems, the dynamic new specialty of econophysics. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully-developed turbulent fluids and apply them to financial time series. They also present