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Author: Parongama Sen
Publisher:
ISBN: 0199662452
Category : Computers
Languages : en
Pages : 298
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Book Description
This book discusses the study and analysis of the physical aspects of social systems and models, inspired by the analogy with familiar models of physical systems and possible applications of statistical physics tools. Unlike the traditional analysis of the physics of macroscopic many-body or condensed matter systems, which is now an established and mature subject, the upsurge in the physical analysis and modelling of social systems, which are clearly many-body dynamical systems, is a recent phenomenon. Though the major developments in sociophysics have taken place only recently, the earliest attempts of proposing "Social Physics" as a discipline are more than one and a half centuries old. Various developments in the mainstream physics of condensed matter systems have inspired and induced the recent growth of sociophysical analysis and models. In spite of the tremendous efforts of many scientists in recent years, the subject is still in its infancy and major challenges are yet to be taken up. An introduction to these challenges is the main motivation for this book.
Author: Parongama Sen
Publisher:
ISBN: 0199662452
Category : Computers
Languages : en
Pages : 298
Get Book Here
Book Description
This book discusses the study and analysis of the physical aspects of social systems and models, inspired by the analogy with familiar models of physical systems and possible applications of statistical physics tools. Unlike the traditional analysis of the physics of macroscopic many-body or condensed matter systems, which is now an established and mature subject, the upsurge in the physical analysis and modelling of social systems, which are clearly many-body dynamical systems, is a recent phenomenon. Though the major developments in sociophysics have taken place only recently, the earliest attempts of proposing "Social Physics" as a discipline are more than one and a half centuries old. Various developments in the mainstream physics of condensed matter systems have inspired and induced the recent growth of sociophysical analysis and models. In spite of the tremendous efforts of many scientists in recent years, the subject is still in its infancy and major challenges are yet to be taken up. An introduction to these challenges is the main motivation for this book.
Author: Serge Galam
Publisher: Springer Science & Business Media
ISBN: 1461420318
Category : Social Science
Languages : en
Pages : 450
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Book Description
Do humans behave much like atoms? Sociophysics, which uses tools and concepts from the physics of disordered matter to describe some aspects of social and political behavior, answers in the affirmative. But advocating the use of models from the physical sciences to understand human behavior could be perceived as tantamount to dismissing the existence of human free will and also enabling those seeking manipulative skills . This thought-provoking book argues it is just the contrary. Indeed, future developments and evaluation will either show sociophysics to be inadequate, thus supporting the hypothesis that people can primarily be considered to be free agents, or valid, thus opening the path to a radically different vision of society and personal responsibility. This book attempts to explain why and how humans behave much like atoms, at least in some aspects of their collective lives, and then proposes how this knowledge can serve as a unique key to a dramatic leap forwards in achieving more social freedom in the real world. At heart, sociophysics and this book are about better comprehending the richness and potential of our social interaction, and so distancing ourselves from inanimate atoms.
Author: Paris Arnopoulos
Publisher: Nova Publishers
ISBN: 9781590339671
Category : Psychology
Languages : en
Pages : 324
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Book Description
New transdisciplinary studies have been appearing not only in such established areas as biochemistry or social psychology; there are presently emerging inter-scientific fields such as sociobiology, econophysics and last but not least sociophysics. The latter is a renewed attempt to combine the latest natural and social science theories and come up with significant generalisations for both. Using the powerful physics metaphor as an inertial guidance system, sociophysics emphasises the underlying similarities between all systems. This new scientific hybrid is raising much controversy as well as revealing great promise; for this reason, it has been chosen to provide the core and focus for this book. The holistic scope of this book makes it an appropriate reference work in many courses, such as: Global Ecology; Evolutionary Biology; Macroeconomics; Sociological Theory; Philosophy of Social Science; Theoretical Physics; Thermodynamics; Macro-history; Behavioural Science; General Systems Theory; and Interdisciplinary Studies.
Author: Gheorghe Savoiu
Publisher: Academic Press
ISBN: 0124046266
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physics to subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science. Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making
Author: Bikas K. Chakrabarti
Publisher: John Wiley & Sons
ISBN: 9783527406708
Category : Business & Economics
Languages : en
Pages : 656
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Book Description
Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.
Author: Frédéric Abergel
Publisher: Springer Science & Business Media
ISBN: 3319000233
Category : Science
Languages : en
Pages : 301
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Book Description
The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations. Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.
Author: Frédéric Abergel
Publisher: Cambridge University Press
ISBN: 1316870480
Category : Mathematics
Languages : en
Pages : 242
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Book Description
A limit order book is essentially a file on a computer that contains all orders sent to the market, along with their characteristics such as the sign of the order, price, quantity and a timestamp. The majority of organized electronic markets rely on limit order books to store the list of interests of market participants on their central computer. A limit order book contains all the information available on a specific market and it reflects the way the market moves under the influence of its participants. This book discusses several models of limit order books. It begins by discussing the data to assess their empirical properties, and then moves on to mathematical models in order to reproduce the observed properties. Finally, the book presents a framework for numerical simulations. It also covers important modelling techniques including agent-based modelling, and advanced modelling of limit order books based on Hawkes processes. The book also provides in-depth coverage of simulation techniques and introduces general, flexible, open source library concepts useful to readers studying trading strategies in order-driven markets.
Author: Kishore Chandra Dash
Publisher: Cambridge Scholars Publishing
ISBN: 1527538885
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
This book will appeal to the lay-reader with an interest in the history of what is today termed ‘Econophysics’, looking at various works throughout the ages that have led to the emergence of this field. It begins with a discussion of the philosophers and scientists who have contributed to this discipline, before moving on to considering the contributions of different institutions, books, journals and conferences in nurturing the subject.
Author: Sitabhra Sinha
Publisher: John Wiley & Sons
ISBN: 3527408150
Category : Science
Languages : en
Pages : 371
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Book Description
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.
Author: Banasri Basu
Publisher: Springer Science & Business Media
ISBN: 8847015014
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
The combined efforts of the Physicists and the Economists in recent years in analyzing and modelling various dynamic phenomena in monetary and social systems have led to encouraging developments, generally classified under the title of Econophysics. These developments share a common ambition with the already established field of Quantitative Economics. This volume intends to offer the reader a glimpse of these two parallel initiatives by collecting review papers written by well-known experts in the respective research frontiers in one cover. This massive book presents a unique combination of research papers contributed almost equally by Physicists and Economists. Additional contributions from Computer Scientists and Mathematicians are also included in this volume. The book consists of two parts: the first part concentrates on Econophysics problems and the second part stresses on various quantitative issues in Economics. Both parts specialize on frontier problems in Games and Social Choices.
