£39.97

Cambridge University Press Cambridge Introduction to Econophysics - Financial Systems Book

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Description

Explore the intersection of physics and finance with this comprehensive text from Cambridge University Press. This book examines how concepts from statistical physics can be used to describe complex financial systems. By bridging these two fields, the authors provide a unique perspective on understanding the global behavior of economic systems. The text illustrates scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These principles are applied directly to financial time series to offer deeper insights. Readers will learn about stochastic dynamics, self-similarity, and both short- and long-range correlations. To support theoretical learning, the authors present a stochastic model that demonstrates several statistical properties found in empirical data. This book is an essential resource for those looking to understand how scaling and complexity function within the world of finance.

Key Features

Apply statistical physics concepts to the study and description of complex financial systems.

Learn how scaling concepts from probability theory and critical phenomena apply to financial time series.

Understand global economic behavior through stochastic dynamics and self-similarity.

Examine short-range and long-range correlations within economic data sets.

Study a stochastic model designed to display statistical properties observed in empirical data.

Explore connections between turbulent fluids and the mechanics of financial markets.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
16 August 2007
Listed Since
07 May 2007

Barcode

No barcode data available

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