Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling, permit an understanding of the global behavior of economic systems without first having to work out a detailed microscopic description of the system. This pioneering text explores the use of these concepts in the description of financial systems, the dynamic new specialty of econophysics. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully-developed turbulent fluids and apply them to financial time series. They also...
Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling, permit an understanding of ...
Davron Matrasulov Eugene Stanley H. Eugene Stanley
Topics of complex system physics and their interdisciplinary applications to different problems in seismology, biology, economy, sociology, energy and nanotechnology are covered in this new work from renowned experts in their fields. Inparticular, contributed papers contain original results on network science, earthquake dynamics, econophysics, sociophysics, nanoscience and biological physics. Most of the papers use interdisciplinary approaches based on statistical physics, quantum physics and other topics of complex system physics.Papers on econophysics and sociophysics are focussed on...
Topics of complex system physics and their interdisciplinary applications to different problems in seismology, biology, economy, sociology, energy ...
