Complexity, Heterogeneity, and the Methods of Statistical Physics in Economics

Language: English

Published by Springer Nature Singapore Aug 2020, 2020

9811548056 / 9789811548055

Series: Book 1 of 32 - Evolutionary Economics and Social Complexity Science

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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -This book systematically provides a prospectiveintegrated approach for complexity social science in its view of statisticalphysics 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. 336 pp. Englisch.

Seller Inventory # 9789811548055

Title
Complexity, Heterogeneity, and the Methods of Statistical Physics in Economics
Author
Hideaki Aoyama
Publisher
Springer Nature Singapore Aug 2020
Publication year
2020
Condition
Neu
Binding
Buch
Language
English
ISBN 10
9811548056
ISBN 13
9789811548055
Item weight
670 grams
Dimensions
241x160x24 mm
Series
Book 1 of 32: Evolutionary Economics and Social Complexity Science

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

5-star seller

AbeBooks seller since January 11, 2012

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BuchWeltWeit Ludwig Meier e.K.

Germany