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

by Gheorghe Savoiu (Editor)

Overview

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. - Ten papers present an updated version of the origins, issues, and applications of econophysics - Economics and finance chapters consider lessons learned from the 2008-9 financial crisis - Sociophysics chapters propose new thinking on educational reforms and group decision making

Product Details

ISBN-13:	9780124046399
Publisher:	Elsevier Science & Technology Books
Publication date:	11/27/2012
Sold by:	Barnes & Noble
Format:	eBook
Pages:	178
File size:	3 MB

Table of Contents

General Background of Econophysics Gheorghe SÃVOIU, Ion IORGA-SIMÃN - HISTORY AND ROLE OF ECONOPHYSICS IN SCIENTIFIC RESEARCH Carmen COSTEA - ECONOPHYSICS UNDER LENS: FASHION AND WORRIES IN THE NEW ECONOMIC TRENDS Gheorghe SÃVOIU, Ion IORGA-SIMÃN - MULTI-DISCIPLINARY MODELLING KNOWLEDGE, AND ONE-DISCIPLINE ISOLATION Economics & Finance Gheorghe SÃVOIU, 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 CHIªLEAG - A QUANTUM MECHANICS MODEL TO EXPLAIN THE INFRINGEMENT OF SOME FINANCIAL RULES IN SPITE OF STIFF SUPERVISION Gheorghe SÃVOIU, Constantin ANDRONACHE - THE POTENTIAL OF ECONOPHYSICS FOR THE STUDY OF THE ECONOMIC PROCESSES Other subjects Radu CHIªLEAG - A PHYSICAL MODEL TO CONNECT SOME MAJOR PARAMETERS TO BE CONSIDERED IN BOLOGNA REFORM Mircea GLIGOR - STATISTICAL PHYSICS MODELS FOR GROUP DECISIONS MAKING

What People are Saying About This

From the Publisher

Introduces econophysics issues and applications to upper-division undergraduates, graduate students, and researchers

Editorial Reviews

"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 Piteşti, România

From the Publisher