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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Empirical Science of Financial Fluctuations: The Advent of Econophysics

Empirical Science of Financial Fluctuations: The Advent of Econophysics

Takayasu, Hideki

Hardcover

EconomicsInvesting & FinancePhysics

ISBN10: 4431703160
ISBN13: 9784431703167
Publisher: Springer Nature
Published: Dec 1 2001
Pages: 352
Weight: 0.96
Height: 0.75 Width: 5.83 Depth: 8.27
Language: English
Financial fluctuations were generally neglected in classical ecnomics and their basic statistical properties have only recently been elucidated in the emerging field of econophysics, a new science that analyzes data using methods developed by statistical physics, such as chaos, fractals, and phase transitions. This volume is the proceedings of a workshop at which leading international researchers in this discipline discussed their most recent results and examined the validity of the empirical laws of econophysics. Topics include stock market prices and foreign exchange rates, income distribution, market anomalies, and risk management. The papers herein relate econophysics to other models, present new models, and illustrate the mechanisms by which financial fluctuations occur using actual financial data. Containing the most recent econophysics results, this volume will serve as an indispensable reference for economic theorists and practitioners alike.

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