Introduction to Econophysics

Name: Introduction to Econophysics
Brand: Cambridge University Press
SKU: 9780521039871
Price: 243.34 PLN
Availability: InStock

Autor: Mantegna, Rosario N. (Universita degli Studi, Palermo, Italy), H. Eugene (Boston University) Stanley

Język:

Oprawa: Miękka

Wydawca: Cambridge University Press

Dostępność: Dostępna u dostawcy

Wysyłamy za 10-18 dni

243.34 zł

This book concerns the use of concepts from statistical physics in the description of financial syst...

Informacje o książce

Autor

Mantegna, Rosario N. (Universita degli Studi, Palermo, Italy), H. Eugene (Boston University) Stanley

Język

Angielski

Oprawa

Książka - Miękka

Data wydania

2007

strony

164

EAN

9780521039871

ISBN

0521039878

Enbook ID

04398571

Wydawca

Cambridge University Press

Waga

290

Wymiary

172 x 244 x 9

Pełny opis

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.

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