Econophysics

Econophysics : Background and Applications in Economics, Finance, and Sociophysics

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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.
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Product details

  • Paperback | 178 pages
  • 152 x 228 x 14mm | 280g
  • Academic Press Inc
  • San Diego, United States
  • English
  • 0124046266
  • 9780124046269

Table of contents

General Background of Econophysics

Gheorghe SAVOIU, Ion IORGA-SIMAN - HISTORY AND ROLE OF ECONOPHYSICS IN SCIENTIFIC RESEARCH

Carmen COSTEA - ECONOPHYSICS UNDER LENS: FASHION AND WORRIES IN THE NEW ECONOMIC TRENDS

Gheorghe SAVOIU, Ion IORGA-SIMAN - MULTI-DISCIPLINARY MODELLING KNOWLEDGE, AND ONE-DISCIPLINE

ISOLATION

Economics & Finance

Gheorghe SAVOIU, Constantin ANDRONACHE - THE EFFICIENCY OF CAPITAL MARKETS: HYPOTHESIS OR APPROXIMATION

Mircea GLIGOR - NONLINEAR MECHANISMS OF GENERATING POWER LAWS IN SOCIOECONOMIC SYSTEMS

Aretina-Magdalena David-Pearson- WAS IT POSSIBLE TO FORECAST THE CREDIT CRUNCH? (MONTE CARLO SIMULATION OF INTEGRATED MARKET AND CREDIT RISK)

Radu CHILEAG - A QUANTUM MECHANICS MODEL TO EXPLAIN THE INFRINGEMENT OF SOME FINANCIAL RULES IN SPITE OF STIFF SUPERVISION

Gheorghe SAVOIU, Constantin ANDRONACHE - THE POTENTIAL OF ECONOPHYSICS FOR THE STUDY OF THE ECONOMIC PROCESSES

Other subjects

Radu CHILEAG - A PHYSICAL MODEL TO CONNECT SOME MAJOR PARAMETERS TO BE CONSIDERED IN BOLOGNA REFORM

Mircea GLIGOR - STATISTICAL PHYSICS MODELS FOR GROUP DECISIONS MAKING
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Review quote

"Romanian academics debate the role and potential of econophysics for Romanian scientific research and explain how physics can contribute to understanding economic problems, processes, and decisions. The ten chapters test the efficiency of capital markets, analyze nonlinear mechanisms generating power law distributions in socioeconomic systems, apply a quantum mechanics model to the infringement of financial rules, and model the complex process of group decision making."--Reference & Research Book News, December 2013 "This on-line book, made by a group of enthusiastic researchers whose way of working together was tested by the EDEN I-IV workshops, is an attractive book, dedicated to the emergence and rising importance of trans- and multidisciplinarity in economics, which emphasizes, in the closing section, the idea that the most important issue for this new science, called econophysics, remains its ability to measure, report and understand change in economic and social realities, much more quickly than classical economics still does. The book manages to introduce the reader to the specific issues of econophysics and provides useful applications to both students and graduates, postgraduates and researchers." - Excerpt of a review by Constantin Manea, University of Pitesti, Romania.
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