The primary goal of the book is to present the ideas and research findings of active researchers such as physicists, economists, mathematicians and financial engineers working in the field of "Econophysics, who have undertaken the task of modeling and analyzing systemic risk, network dynamics...

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,...

Econophysics of Games and Social Choices -- Kolkata Paise Restaurant Problem in Some Uniform Learning Strategy Limits -- Cycle Monotonicity in Scheduling Models -- Reinforced Learning in Market Games -- Mechanisms Supporting Cooperation for the Evolutionary Prisoner’s Dilemma Games -- Economic...

We analyze the ideal-gas-like models of markets and review the different cases where a ‘savings’ factor changes the nature and shape of the distribution of wealth. These models can produce similar distribution of wealth as observed across varied economies. We present a more realistic model...

We introduce a simple cellular-network model to explain the capacity of the plants as memory devices. Following earlier observations (Bose (The Nervous Mechanism of Plants, Longmans, London, 1923) and others), we regard the plant as a network in which each of the elements (plant cells) are...

We study phenomenological scaling theories of the polymer dynamics in random media, employing the existing scaling theories of polymer chains and the percolation statistics. We investigate both the Rouse and the Zimm model for Brownian dynamics and estimate the diffusion constant of the...

We develop a framework based on microeconomic theory from which the ideal gas like market models can be addressed. A kinetic exchange model based on that framework is proposed and its distributional features have been studied by considering its moments. Next, we derive the moments of the CC...

We have studied the nature of the response function (magnetisation) arising in response to a periodic perturbation (magnetic field) on Ising systems, using the Monte Carlo simulation (for a three dimensional Ising system) and also solving the mean field equation of Ising dynamics. The hysteresis...

We review here briefly some of our recent studies on neural network modelling. We discuss the studies on relaxation and growth of correlation in the Hopfield model, increase in memory loading capacity with an extended Hopfield-like model with delayed dynamics, the prediction capability of time...

The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their...