Showing 1 - 10 of 23
Understanding the distribution of income and wealth in an economy has been a classic problem in economics for the last hundred years. Apart from the rapidly decaying number density of people with their income crossing over to a robust power law for the very rich, known as the Pareto power-law,...
Persistent link: https://www.econbiz.de/10013520831
Mit der Finanzkrise ist auch die klassische ökonomische Theoriebildung in eine Krise geraten: In effizienten Märkten sollte es eigentlich keine Asset-Blasen und Börsencrashs geben. Als interdisziplinärer Ansatz der Wirtschaftswissenschaften und der Physik besteht der Anspruch der...
Persistent link: https://www.econbiz.de/10014425139
laws. It links 17th and 18th century Galilean monetary economists to econophysics, a field that emerged in the mid-1990s … transformations, to econophysics, with its concepts and tools inherited from statistical physics. The last stage of the journey goes … through econophysics and the recent gradual advances it has made, which show how its position vis-à-vis economics has been …
Persistent link: https://www.econbiz.de/10012396903
Recent applications of evolutionary game theory in the merging fields of the mathematical and social sciences are brilliantly portrayed in this book, which highlights social physics and shows how the approach can help to quantitatively model complex human-environmental-social systems. First,...
Persistent link: https://www.econbiz.de/10012396950
This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing...
Persistent link: https://www.econbiz.de/10012397169
econophysics of beta explains no fewer than three of the most significant anomalies and puzzles in mathematical finance. Moreover …
Persistent link: https://www.econbiz.de/10012397524
This book describes a system of mathematical models and methods that can be used to analyze real economic and managerial decisions and to improve their effectiveness. Application areas include: management of development and operation budgets, assessment and management of economic systems using...
Persistent link: https://www.econbiz.de/10012401943
Simulations" and the 10th "Econophysics Colloquium", held in Kobe in November 2014 with 174 participants, are gathered herein …
Persistent link: https://www.econbiz.de/10014275730
referring to evolutionary economics and socio-econophysics. The three parts of the book focus on the complexities of production …
Persistent link: https://www.econbiz.de/10014015274
This book contains high-quality multi-disciplinary research contributions addressing theoretical and computational aspects of interaction and coordination of economic agents. It focuses on emergent phenomena and collective behavior in economic activities as well as on the development of...
Persistent link: https://www.econbiz.de/10013520505