Select Topics of Econophysics

Language: English

Published by De Gruyter, 2024

3110998785 / 9783110998788

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Druck auf Anfrage Neuware - Printed after ordering - Economics requires understanding and analyzing forces that bring buyers and sellers to a market place who then negotiate exchanges of goods and services based on a mutually agreeable price. Economists have their own method of modeling whereby models are first conceived of some notion of economic and financial thinking, before being empirically tested, and anomalies are then recognized if the observed data is inconsistent with the hypothetical underpinning. This is in inherent contradiction with the modeling approaches of physicists who develop their theories, principle and laws after observing empirical data. The awareness that physics can enlighten the understanding of human behavior (and thus economics), and the interest of physicists in applying their training and models to understanding the complexities of finance and economics, led to the creation of a new field of study appropriately termed as Econophysics. Selected Topics on Econophysics is a collection of essays on topics that enhance and enrich our understanding of economic modeling when the same rigor of modelling used by physicists is brought to developing financial and economic theories. These articles include discussions on modeling bitcoins, stock index modeling using geometric Brownian motion, agent-based modeling, wealth distribution modeling, as well as modeling related to fractal regression, and chaotic processes. This interdisciplinary book will interest researchers, graduate students and professionals in the fields of economics, finance as well as physics.

Seller Inventory # 9783110998788

Title
Select Topics of Econophysics
Author
Amit Sinha
Publisher
De Gruyter
Publication year
2024
Condition
Neu
Binding
Buch
Language
English
ISBN 10
3110998785
ISBN 13
9783110998788
Item weight
1,090 grams
Dimensions
246x175x36 mm

AHA-BUCH GmbH

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