Practical Fruits of Econophysics: Proceedings of The Third Nikkei Econophysics Symposium

Some economic phenomena are predictable and controllable, and some are impossible to foresee. Existing economic theories do not provide satisfactory answers as to what degree economic phenomena can be predicted and controlled, and in what situations. Against this background, people working on the financial front lines in real life have to rely on empirical rules based on experiments that often lack a solid foundation. "Econophysics" is a new science that analyzes economic phenomena empirica...