"The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have deve…
"The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have deve…
"This book concerns the use of concepts from statistical physics in the description of financial systems. Specifically, the authors illustrate the scaling concepts used in probability theory, in critical phenomena, and in fully developed turbulent fluids. These concepts are then…
Econophysics and physical economics
by Hutzler, Stefan, Richmond, Peter, Mimkes, Jürgen
An understanding of the behaviour of financial assets and the evolution of economies has never been as important as today. This book looks at these complex systems from the perspective of the physicist. So called 'econophysics' and its application to finance has made great strid…
Econophysics and physical economics
by Hutzler, Stefan, Richmond, Peter, Mimkes, Jürgen
Econophysics and physical economics
by Hutzler, Stefan, Richmond, Peter, Mimkes, Jürgen
This title summarises progress in the understanding of financial markets and economics based on the established methodololgy of statistical physics. It offers a new approach to the fundamentals of economics that offers the potential for increased insight and understanding. It sh…
An understanding of the behaviour of financial assets and the evolution of economies has never been as important as today. This book looks at these complex systems from the perspective of the physicist. So called 'econophysics' and its application to finance has made great strid…
Econophysics and physical economics
by Hutzler, Stefan, Richmond, Peter, Mimkes, Jürgen
Econophysics and physical economics
by Hutzler, Stefan, Richmond, Peter, Mimkes, Jürgen
An understanding of the behaviour of financial assets and the evolution of economies has never been as important as today. This book looks at these complex systems from the perspective of the physicist. So called 'econophysics' and its application to finance has made great strid…
Econophysics and physical economics
by Hutzler, Stefan, Richmond, Peter, Mimkes, Jürgen
An understanding of the behaviour of financial assets and the evolution of economies has never been as important as today. This book looks at these complex systems from the perspective of the physicist. So called 'econophysics' and its application to finance has made great strid…
Modern computer power and high-precision observational data have greatly improved the reliability of meteoroid stream models. At present, scientific research calls for two kinds of models: precise ones for individual streams, and statistically averaged ones for Solar System dust…
This work provides an extensive analytic comparison between models and results from econophysics and financial economics in an accessible and common vocabulary. Unlike other publications dedicated to econophysics, it situates this field in the evolution of financial economics by…
Energy, Complexity and Wealth Maximization
This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary "progress". For the modern economy, natural wealth consists of complex physical structures of condensed ("frozen") energy -- mass - maintained in the earth's crust far from thermody…
This book aims to promote the core understanding of a proper modelling of road traffic accidents by deep learning methods using traffic information and road geometry delineated from laser scanning data. The first two chapters of the book introduce the reader to laser scanning te…