Finitary Probabilistic Methods in Econophysics

Ubaldo Garibaldi

ISBN 10: 0521515599 / ISBN 13: 9780521515597

Published by Cambridge University Press, 2010

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9780521515597

Bibliographic Details

• Title: Finitary Probabilistic Methods in Econophysics
• Publisher: Cambridge University Press
• Publication Date: 2010
• Language: English
• ISBN 10: 0521515599
• ISBN 13: 9780521515597
• Binding: Buch
• Condition: Neu
• Dimensions: 250W x 175H x 23D millimeters 250 millimeters width by 175 millimeters height by 23 millimeters depth
• Weight: 770 grams

About this title

Synopsis

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.

About the Authors

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.