Carte Introduction to Econophysics Mantegna

Introduction to Econophysics

Limbă: engleză
Legare: Carte broșată
Disponibilitate: În depozitul extern
Expediem în 10-18 zile
312.30 lei
This book concerns the use of concepts from statistical physics in the description of financial syst...

Informații despre carte

Limbă
engleză
Legare
Carte - Carte broșată
Publicat
2007
Pagini
164
EAN
9780521039871
ISBN
0521039878
Enbook ID
04398571
Greutate
290
Dimensiuni
172 x 244 x 9

Descriere completă

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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