INTRO TO ECONOPHYSICS (Adobe Reader) ebook download Rosario N., Stanley, H. Eugene Mantegna

Introduction to Econophysics

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 new 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 behavior 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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Title of ebook: Introduction to Econophysics
ISBN: 9780511035029
parent-ISBN: 9780521620086
Publisher: Cambridge University Press
Internet download file size: 1889 kb
Published: 12-1995
Released online for download: 12-01-1995
Author of eBook: Mantegna, Rosario N.
Author of eBook: Stanley, H. Eugene

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