Finitary Probabilistic Methods in Econophysics

Inbunden, Engelska, 2010

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Beskrivning

Econophysics applies the methodology of physics to the study of economics. However, whilst physicists have good understanding of statistical physics, they may be unfamiliar with recent advances in statistical conjectures, including Bayesian and predictive methods. Equally, economists with knowledge of probabilities do not have a background in statistical physics and agent-based models. Proposing a unified view for a dynamic probabilistic approach, this book is useful for advanced undergraduate and graduate students as well as researchers in physics, economics and finance. The book takes a finitary approach to the subject, discussing the essentials of applied probability, and covering finite Markov chain theory and its applications to real systems. Each chapter ends with a summary, suggestions for further reading, and exercises with solutions at the end of the book.

Produktinformation

Utgivningsdatum:2010-08-19
Mått:178 x 253 x 21 mm
Vikt:830 g
Format:Inbunden
Språk:Engelska
Antal sidor:342
Förlag:Cambridge University Press
ISBN:9780521515597

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap
Fysik inom Naturvetenskap och teknik

Mer om författaren

Ubaldo Garibaldi is First Researcher at the IMEM-CNR, Italy, where he researches the foundations of probability, statistics and statistical mechanics, and the application of finite Markov chains to complex systems. Enrico Scalas is Assistant Professor of Physics at the University of Eastern Piedmont, Italy. His research interests are anomalous diffusion and its applications to complex systems, the foundations of statistical mechanics, and agent-based simulations in physics, finance and economics.

Recensioner i media

'… a book that would allow a physicist to approach recent advances in statistics which are not encountered in statistical physics for example … serves as an introduction to distributions and models that are widely used in physics.' Contemporary Physics

Innehållsförteckning

1. Introductory remarks; 2. Individual and statistical descriptions; 3. Probability and events; 4. Finite random variables and stochastic processes; 5. The Pólya process; 6. Time evolution and finite Markov chains; 7. The Ehrenfest–Brillouin model; 8. Applications to stylized models in economics; 9. Finitary characterization of the Ewens sampling formula; 10. The Zipf–Simon–Yule process; Index.