New PDF release: Essentials of Econophysics Modelling

By Frantisek Slanina

ISBN-10: 0199299684

ISBN-13: 9780199299683

This e-book is a direction in equipment and types rooted in physics and utilized in modelling monetary and social phenomena. It covers the self-discipline of econophysics, which creates an interface among physics and economics. along with the most subject matter, it touches at the concept of complicated networks and simulations of social phenomena in general.

After a quick historic creation, the e-book begins with a listing of simple empirical info and proceeds to thorough research of mathematical and computing device types. the various types are in line with hypotheses of the behaviour of simplified brokers. those include strategic considering, imitation, herding, and the gem of econophysics, the so-called minority video game. while, many different types view the industrial strategies as interactions of inanimate debris. right here, the equipment of physics are
especially important. Examples of platforms modelled in this type of approach comprise books of stock-market orders, and redistribution of wealth between contributors. community results are investigated within the interplay of monetary brokers. The e-book additionally describes how one can version phenomena like cooperation and emergence of
consensus.

The e-book may be of gain to graduate scholars and researchers in either Physics and Economics.

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Essentials of Econophysics Modelling by Frantisek Slanina


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