Book description
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
Table of contents
- Cover image
- Title page
- Table of Contents
- Dedication
- Copyright
- List of Contributors
- Part I: General Background of Econophysics
-
Part II: Economics and Finance
- Chapter 3. The Efficiency of Capital Markets: Hypothesis or Approximation
- Chapter 4. Nonlinear Mechanisms of Generating Power Laws in Socioeconomic Systems
- Chapter 5. Was It Possible to Forecast the Credit Crunch? (Monte Carlo Simulation of Integrated Market and Credit Risk)
- Chapter 6. A Quantum Mechanics Model May Explain the Infringement of Some Financial Rules in Spite of Stiff Supervision
- Chapter 7. The Potential of Econophysics for the Study of Economic Processes
- Part III: Sociophysics
Product information
- Title: Econophysics
- Author(s):
- Release date: November 2012
- Publisher(s): Academic Press
- ISBN: 9780124046399
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