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Econophysics: An Introduction

Econophysics: An Introduction

Sitabhra Sinha, Arnab Chatterjee, Anirban Chakraborti, Bikas K. Chakrabarti

ISBN: 978-3-527-40815-3

Dec 2010

369 pages

Select type: Paperback

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Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensive introduction. Based on extensive teaching experience, it includes numerous worked examples and highlights in special biographical boxes some of the most outstanding personalities and their contributions to both physics and economics. The whole is rounded off by several appendices containing important background material.
1. Introduction
2. The Random Walk
3. Beyond the Simple Random Walk
4. Understanding Interactions through Cross-correlations
5. Why Care about the Power Law?
6. The Log-normal Distribution
7. When a Single Distribution is not enough
8. Explaining Complex Distributions with Simple Models
9. But Individuals are not Gas Molecules...
10. ... and Individuals don't Interact Randomly: Complex Networks
11. Outlook and Concluding Remarks
A. Thermodynamics and Free Particle Statistics
B. Interacting Systems: Mean Field Models, Fluctuations and Scaling Theories
C. Renormalization Group Technique
D. Spin Glasses and Optimisation Problems: Annealing
E. Nonequilibrium Phenomena