Download or read book New Perspectives and Challenges in Econophysics and Sociophysics written by Frédéric Abergel and published by Springer. This book was released on 2019-04-02 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest perspectives and challenges within the interrelated fields of econophysics and sociophysics, which have emerged from the application of statistical physics to economics and sociology. Economic and financial markets appear to be in a permanent state of flux. Billions of agents interact with each other, giving rise to complex dynamics of economic quantities at the micro and macro levels. With the availability of huge data sets, researchers can address questions at a much more granular level than was previously possible. Fundamental questions regarding the aggregation of actions and information and the coordination, complexity, and evolution of economic and financial networks are currently receiving much attention in the econophysics research agenda. In parallel, the sociophysics literature has focused on large-scale social data and their interrelations. In this book, leading researchers from different communities – economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others – report on their recent work and their analyses of economic and social behavior.
Download or read book Econophysics and Sociophysics written by Bikas K. Chakrabarti and published by John Wiley & Sons. This book was released on 2007-02-27 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.
Download or read book Econophysics written by Gheorghe Savoiu and published by Academic Press. This book was released on 2013 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physics to subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science. Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making
Download or read book Macro Econophysics written by Hideaki Aoyama and published by Cambridge University Press. This book was released on 2017-07-04 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concepts of statistical physics and big data play an important role in the evidence-based analysis and interpretation of macroeconomic principles. The techniques of complex networks, big data, and statistical physics are useful to understand theories of economic systems, and the authors have applied these to understand the intricacies of complex macroeconomic problems. Recent research work using tools and techniques of big data, statistical physics, complex networks, and statistical science is covered, and basic graph algorithms and statistical measures of complex networks are described. The application of big data and statistical physics tools to assess price dynamics, inflation, systemic risks, and productivity is discussed. Chapter-end summary and numerical problems are provided to reinforce understanding of concepts.
Download or read book Econophysics and Physical Economics written by Peter Richmond and published by Oxford University Press, USA. This book was released on 2013-09-05 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarises progress in the understanding of financial markets and economics based on the established methodology of statistical physics. It offers a new approach to the fundamentals of economics that offers the potential for increased insight and understanding. It should be of interest to all serious students of the subject.
Download or read book Limit Order Books written by Frédéric Abergel and published by Cambridge University Press. This book was released on 2016-05-09 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: A limit order book is essentially a file on a computer that contains all orders sent to the market, along with their characteristics such as the sign of the order, price, quantity and a timestamp. The majority of organized electronic markets rely on limit order books to store the list of interests of market participants on their central computer. A limit order book contains all the information available on a specific market and it reflects the way the market moves under the influence of its participants. This book discusses several models of limit order books. It begins by discussing the data to assess their empirical properties, and then moves on to mathematical models in order to reproduce the observed properties. Finally, the book presents a framework for numerical simulations. It also covers important modelling techniques including agent-based modelling, and advanced modelling of limit order books based on Hawkes processes. The book also provides in-depth coverage of simulation techniques and introduces general, flexible, open source library concepts useful to readers studying trading strategies in order-driven markets.
Download or read book Econophysics written by Sitabhra Sinha and published by John Wiley & Sons. This book was released on 2010-12-06 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensive introduction. Based on extensive teaching experience, it includes numerous worked examples and highlights in special biographical boxes some of the most outstanding personalities and their contributions to both physics and economics. The whole is rounded off by several appendices containing important background material.
Download or read book Econophysics and Sociophysics Recent Progress and Future Directions written by Frédéric Abergel and published by Springer. This book was released on 2017-01-11 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the proceedings from ECONOPHYS-2015, an international workshop held in New Delhi, India, on the interrelated fields of “econophysics” and “sociophysics”, which have emerged from the application of statistical physics to economics and sociology. Leading researchers from varied communities, including economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others, report on their recent work, discuss topical issues, and review the relevant contemporary literature. A society can be described as a group of people who inhabit the same geographical or social territory and are mutually involved through their shared participation in different aspects of life. It is possible to observe and characterize average behaviors of members of a society, an example being voting behavior. Moreover, the dynamic nature of interaction within any economic sector comprising numerous cooperatively interacting agents has many features in common with the interacting systems of statistical physics. It is on these bases that interest has grown in the application within sociology and economics of the tools of statistical mechanics. This book will be of value for all with an interest in this flourishing field.
Download or read book Econophysics of Stock and other Markets written by Arnab Chatterjee and published by Springer Science & Business Media. This book was released on 2007-12-31 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the econophysics researches on the fluctuations in stock, forex and other markets. Including some historical perspectives as well as some comments and debates on issues in econophysics research, this book also discusses the statistical modeling of markets, using various agent-based game theoretical approaches, and their scaling analysis.
Download or read book Sociophysics written by Paris Arnopoulos and published by Nova Publishers. This book was released on 2005 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: New transdisciplinary studies have been appearing not only in such established areas as biochemistry or social psychology; there are presently emerging inter-scientific fields such as sociobiology, econophysics and last but not least sociophysics. The latter is a renewed attempt to combine the latest natural and social science theories and come up with significant generalisations for both. Using the powerful physics metaphor as an inertial guidance system, sociophysics emphasises the underlying similarities between all systems. This new scientific hybrid is raising much controversy as well as revealing great promise; for this reason, it has been chosen to provide the core and focus for this book. The holistic scope of this book makes it an appropriate reference work in many courses, such as: Global Ecology; Evolutionary Biology; Macroeconomics; Sociological Theory; Philosophy of Social Science; Theoretical Physics; Thermodynamics; Macro-history; Behavioural Science; General Systems Theory; and Interdisciplinary Studies.
Download or read book Interactive Macroeconomics written by Corrado Di Guilmi and published by Cambridge University Press. This book was released on 2017-04-04 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the analysis of macroeconomic agent based models using the tools of statistical mechanics.
Download or read book Sociophysics written by Serge Galam and published by Springer Science & Business Media. This book was released on 2012-02-10 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do humans behave much like atoms? Sociophysics, which uses tools and concepts from the physics of disordered matter to describe some aspects of social and political behavior, answers in the affirmative. But advocating the use of models from the physical sciences to understand human behavior could be perceived as tantamount to dismissing the existence of human free will and also enabling those seeking manipulative skills . This thought-provoking book argues it is just the contrary. Indeed, future developments and evaluation will either show sociophysics to be inadequate, thus supporting the hypothesis that people can primarily be considered to be free agents, or valid, thus opening the path to a radically different vision of society and personal responsibility. This book attempts to explain why and how humans behave much like atoms, at least in some aspects of their collective lives, and then proposes how this knowledge can serve as a unique key to a dramatic leap forwards in achieving more social freedom in the real world. At heart, sociophysics and this book are about better comprehending the richness and potential of our social interaction, and so distancing ourselves from inanimate atoms.
Download or read book Econophysics of Income and Wealth Distributions written by Bikas K. Chakrabarti and published by Cambridge University Press. This book was released on 2013-03-07 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first monograph in econophysics focussed on the analyses and modelling of these distributions, ideal for physicists and economists.
Download or read book Physics of the Human Mind written by Ihor Lubashevsky and published by Springer. This book was released on 2017-02-12 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tackles the challenging question which mathematical formalisms and possibly new physical notions should be developed for quantitatively describing human cognition and behavior, in addition to the ones already developed in the physical and cognitive sciences. Indeed, physics is widely used in modeling social systems, where, in particular, new branches of science such as sociophysics and econophysics have arisen. However, many if not most characteristic features of humans like willingness, emotions, memory, future prediction, and moral norms, to name but a few, are not yet properly reflected in the paradigms of physical thought and theory. The choice of a relevant formalism for modeling mental phenomena requires the comprehension of the general philosophical questions related to the mind-body problem. Plausible answers to these questions are investigated and reviewed, notions and concepts to be used or to be taken into account are developed and some challenging questions are posed as open problems. This text addresses theoretical physicists and neuroscientists modeling any systems and processes where human factors play a crucial role, philosophers interested in applying philosophical concepts to the construction of mathematical models, and the mathematically oriented psychologists and sociologists, whose research is fundamentally related to modeling mental processes.
Download or read book Econophysics and Companies written by Hideaki Aoyama and published by Cambridge University Press. This book was released on 2010-08-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Econophysics is an emerging interdisciplinary field that takes advantage of the concepts and methods of statistical physics to analyse economic phenomena. This book expands the explanatory scope of econophysics to the real economy by using methods from statistical physics to analyse the success and failure of companies. Using large data sets of companies and income-earners in Japan and Europe, a distinguished team of researchers show how these methods allow us to analyse companies, from huge corporations to small firms, as heterogeneous agents interacting at multiple layers of complex networks. They then show how successful this approach is in explaining a wide range of recent findings relating to the dynamics of companies. With mathematics kept to a minimum, the book is not only a lively introduction to the field of econophysics but also provides fresh insights into company behaviour.
Download or read book Agent based Modeling of Tax Evasion written by Sascha Hokamp and published by John Wiley & Sons. This book was released on 2018-03-19 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The only single-source guide to understanding, using, adapting, and designing state-of-the-art agent-based modelling of tax evasion A computational method for simulating the behavior of individuals or groups and their effects on an entire system, agent-based modeling has proven itself to be a powerful new tool for detecting tax fraud. While interdisciplinary groups and individuals working in the tax domain have published numerous articles in diverse peer-reviewed journals and have presented their findings at international conferences, until Agent-based Modelling of Tax Evasion there was no authoritative, single-source guide to state-of-the-art agent-based tax evasion modeling techniques and technologies. Featuring contributions from distinguished experts in the field from around the globe, Agent-Based Modelling of Tax Evasion provides in-depth coverage of an array of field tested agent-based tax evasion models. Models are presented in a unified format so as to enable readers to systematically work their way through the various modeling alternatives available to them. Three main components of each agent-based model are explored in accordance with the Overview, Design Concepts, and Details (ODD) protocol, each section of which contains several sub elements that help to illustrate the model clearly and that assist readers in replicating the modeling results described. Presents models in a unified and structured manner to provide a point of reference for readers interested in agent-based modelling of tax evasion Explores the theoretical aspects and diversity of agent-based modeling through the example of tax evasion Provides an overview of the characteristics of more than thirty agent-based tax evasion frameworks Functions as a solid foundation for lectures and seminars on agent-based modelling of tax evasion The only comprehensive treatment of agent-based tax evasion models and their applications, this book is an indispensable working resource for practitioners and tax evasion modelers both in the agent-based computational domain and using other methodologies. It is also an excellent pedagogical resource for teaching tax evasion modeling and/or agent-based modeling generally.
Download or read book Languages in Space and Time written by Marco Patriarca and published by Cambridge University Press. This book was released on 2020-10-29 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This cross-disciplinary volume provides an overview of how complexity theory and the tools of statistical mechanics can be applied to linguistic problems to help reveal language groups, and to model the evolution and competition of languages in space and time. Illustrated with a series of case studies and worked examples, it presents an interdisciplinary framework to enable researchers from the mathematical, physical and social sciences to collaborate on linguistic problems. It demonstrates the complexity of linguistic databases and provides a mathematical toolkit for analyzing and extracting useful information from them - helping to conceptualize empirical facts better than a mere ethnographic view. Providing an important bridge to facilitate collaboration between linguists and mathematical modelers, this book will stimulate new ideas and avenues for research, and will form a valuable resource for advanced students and academics working across complex systems, sociolinguistics, and language dynamics.
