An introduction to econophysics : correlations and complexity in finance [EBook] / Rosario N. Mantegna, H. Eugene Stanley.
An introduction to econophysics : correlations and complexity in finance [EBook] / Rosario N. Mantegna, H. Eugene Stanley.
This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The aut...
Personal Name(s):  Mantegna, Rosario N., (author) 

Stanley, H. Eugene, (author)  
Imprint: 
Cambridge :
Cambridge University Press,
2000

Physical Description: 
1 online resource (ix, 148 pages) 
Note: 
englisch 
ISBN: 
9780521039871 9780511755767 9780521620086 
Subject (LOC):  
Full Text 
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100  1  a Mantegna, Rosario N., e author  
245  1  3  a An introduction to econophysics : b correlations and complexity in finance h [EBook] / c Rosario N. Mantegna, H. Eugene Stanley. 
264  1  a Cambridge : b Cambridge University Press, c 2000 e (CUP) f CUP20200108  
300  a 1 online resource (ix, 148 pages)  
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520  a This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The authors also present a stochastic model that displays several of the statistical properties observed in empirical data. Statistical physics concepts such as stochastic dynamics, short and longrange correlations, selfsimilarity and scaling permit an understanding of the global behaviour of economic systems without first having to work out a detailed microscopic description of the system. Physicists will find the application of statistical physics concepts to economic systems interesting. Economists and workers in the financial world will find useful the presentation of empirical analysis methods and wellformulated theoretical tools that might help describe systems composed of a huge number of interacting subsystems.  
650  0  a Econophysics.  
650  0  a Finance x Statistical methods.  
650  0  a Finance x Mathematical models.  
700  1  a Stanley, H. Eugene, e author  
856  4  0  u https://doi.org/10.1017/CBO9780511755767 z Volltext 
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