Buch, Englisch, 426 Seiten, Format (B × H): 175 mm x 250 mm, Gewicht: 1008 g
Buch, Englisch, 426 Seiten, Format (B × H): 175 mm x 250 mm, Gewicht: 1008 g
ISBN: 978-0-19-929968-3
Verlag: Oxford University Press (UK)
This book is a course in methods and models rooted in physics and used in modelling economic and social phenomena. It covers the discipline of econophysics, which creates an interface between physics and economics. Besides the main theme, it touches on the theory of complex networks and simulations of social phenomena in general.
After a brief historical introduction, the book starts with a list of basic empirical data and proceeds to thorough investigation of mathematical and computer models. Many of the models are based on hypotheses of the behaviour of simplified agents. These comprise strategic thinking, imitation, herding, and the gem of econophysics, the so-called minority game. At the same time, many other models view the economic processes as interactions of inanimate particles. Here, the methods of physics are
especially useful. Examples of systems modelled in such a way include books of stock-market orders, and redistribution of wealth among individuals. Network effects are investigated in the interaction of economic agents. The book also describes how to model phenomena like cooperation and emergence of
consensus.
The book will be of benefit to graduate students and researchers in both Physics and Economics.
Zielgruppe
Graduate students and researchers in physics and economics
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
1: Empirical Econophysics and Stylised Facts
2: Stochastic Models
3: Basic Agent Models
4: Order Book Dynamics
5: Minority Game
6: Network Economy
7: Wealth, Poverty, and Growth
8: Social Organisation
