Introduction to Econophysics is popular PDF and ePub book, written by Rosario N. Mantegna in 1999-11-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Introduction to Econophysics can be Read Online from any device for your convenience.
Introduction to Econophysics Book PDF Summary
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.
Detail Book of Introduction to Econophysics PDF
- Author : Rosario N. Mantegna
- Release : 13 November 1999
- Publisher : Cambridge University Press
- ISBN : 9781139431224
- Genre : Business & Economics
- Total Page : 164 pages
- Language : English
- PDF File Size : 16,9 Mb
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