Statistical Physics And Economics


Statistical Physics And Economics
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Statistical Physics And Economics


Statistical Physics And Economics
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Author : Michael Schulz
language : en
Publisher: Springer Science & Business Media
Release Date : 2003-04-08

Statistical Physics And Economics written by Michael Schulz and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-04-08 with Mathematics categories.


This systematic book covers in simple language the physical foundations of evolution equations, stochastic processes and generalized Master equations applied on complex economic systems, helping to understand the large variability of financial markets, trading and communications networks.



Econophysics And Sociophysics Recent Progress And Future Directions


Econophysics And Sociophysics Recent Progress And Future Directions
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Author : Frédéric Abergel
language : en
Publisher: Springer
Release Date : 2017-01-11

Econophysics And Sociophysics Recent Progress And Future Directions written by Frédéric Abergel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-11 with Science categories.


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.



Statistical Physics And Economics


Statistical Physics And Economics
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Author : Michael Schulz
language : en
Publisher:
Release Date : 2014-01-15

Statistical Physics And Economics written by Michael Schulz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-15 with categories.




Complexity Heterogeneity And The Methods Of Statistical Physics In Economics


Complexity Heterogeneity And The Methods Of Statistical Physics In Economics
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Author : Hideaki Aoyama
language : en
Publisher: Springer Nature
Release Date : 2020-08-05

Complexity Heterogeneity And The Methods Of Statistical Physics In Economics written by Hideaki Aoyama and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-05 with Business & Economics categories.


This book systematically provides a prospective integrated approach for complexity social science in its view of statistical physics and mathematics, with an impressive collection of the knowledge and expertise of leading researchers from all over the world. The book mainly covers both finitary methods of statistical equilibrium and data-driven analysis by econophysics. The late Professor Masanao Aoki of UCLA, who passed away at the end of July 2018, in his later years dedicated himself to the reconstruction of macroeconomics mainly in terms of statistical physics. Professor Aoki, who was already an IEEE fellow, was also named an Econometric Society Fellow in 1979. Until the early 1990s, however, his contributions were focused on the new developments of a novel algorithm for the time series model and their applications to economic data. Those contributions were undoubtedly equivalent to the Nobel Prize-winning work of Granger's "co-integration method". After the publications of his New Approaches to Macroeconomic Modeling and Modeling Aggregate Behavior and Fluctuations in Economics, both published by Cambridge University Press, in 1996 and 2002, respectively, his contributions rapidly became known and spread throughout the field. In short, these new works challenged econophysicists to develop evolutionary stochastic dynamics, multiple equilibria, and externalities as field effects and revolutionized the stochastic views of interacting agents. In particular, the publication of Reconstructing Macroeconomics, also by Cambridge University Press (2007), in cooperation with Hiroshi Yoshikawa, further sharpened the process of embodying “a perspective from statistical physics and combinatorial stochastic processes” in economic modeling. Interestingly, almost concurrently with Prof. Aoki’s newest development, similar approaches were appearing. Thus, those who were working in the same context around the world at that time came together, exchanging their results during the past decade. In memory of Prof. Aoki, this book has been planned by authors who followed him to present the most advanced outcomes of his heritage.



Foundations Of Complex System Theories


Foundations Of Complex System Theories
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Author : Sunny Y. Auyang
language : en
Publisher: Cambridge University Press
Release Date : 1998

Foundations Of Complex System Theories written by Sunny Y. Auyang and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.


Analyzes approaches to the study of complexity in the physical, biological, and social sciences.



Introduction To Econophysics


Introduction To Econophysics
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Author : Rosario N. Mantegna
language : en
Publisher: Cambridge University Press
Release Date : 1999-11-13

Introduction To Econophysics written by Rosario N. Mantegna and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-11-13 with Business & Economics categories.


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.



Finitary Probabilistic Methods In Econophysics


Finitary Probabilistic Methods In Econophysics
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Author : Ubaldo Garibaldi
language : en
Publisher: Cambridge University Press
Release Date : 2010-08-19

Finitary Probabilistic Methods In Econophysics written by Ubaldo Garibaldi and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-19 with Business & Economics categories.


Econophysics applies the methodology of physics to the study of economics. However, whilst physicists have good understanding of statistical physics, they may be unfamiliar with recent advances in statistical conjectures, including Bayesian and predictive methods. Equally, economists with knowledge of probabilities do not have a background in statistical physics and agent-based models. Proposing a unified view for a dynamic probabilistic approach, this book is useful for advanced undergraduate and graduate students as well as researchers in physics, economics and finance. The book takes a finitary approach to the subject, discussing the essentials of applied probability, and covering finite Markov chain theory and its applications to real systems. Each chapter ends with a summary, suggestions for further reading, and exercises with solutions at the end of the book.



Scarcity S Ways The Origins Of Capital


Scarcity S Ways The Origins Of Capital
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Author : M.S. Macrakis
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09

Scarcity S Ways The Origins Of Capital written by M.S. Macrakis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with History categories.


invoking the fluctuation-dissipation theorems of Einstein and 2 more recently those of Callen and Kubo in order to get to manageable results. In this manner, great strides have been made in the development of the many-body problem without reaching the necessity to legitimize thermodynamics. Ther modynamics and statistical mechanics were used successful ly as bridges and guides to get the new ideas to conform to the macroscopic experiences (measurements). Hence the dis 3 interest of theoreticians. The frustration in attracting the at tention of the working physicists on this problem is vividly described in Carnap's (1978) account on the reception of his ideas and efforts at the Institute of Advanced Studies at Prin ceton where he worked on the Two Essays on Entropy; it al most amounted, he thought, to a conspiracy of silence. The priorities of theoretical physicists remain with the puzzles and the cranking at hand: Quantum Field Theory (QFT) and "creation and annihilation" physics, solid state physics, - to mention only a few research areas - command the attention of those working on the research frontiers. Thermodynamics is taken for granted and is thought to be an almost depleted research area. Whatever the subterfuges, the hand-waving arguments, the paedagogical red herrings, the procedures work and nothing can be gained by allocating intellectual re sources to resolve ambiguities with few, if any, expected rewards. Down deep, all believe that the regularization of the field will one day be accomplished.



Econophysics


Econophysics
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Author : Sitabhra Sinha
language : en
Publisher: John Wiley & Sons
Release Date : 2010-12-06

Econophysics written by Sitabhra Sinha and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-06 with Science categories.


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.



Econophysics And Companies


Econophysics And Companies
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Author : Hideaki Aoyama
language : en
Publisher:
Release Date : 2014-05-14

Econophysics And Companies written by Hideaki Aoyama and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-14 with Business & Economics categories.


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.