Finitary Probabilistic Methods in Econophysics
1st Edition
Published on 2. September 2010
978-0-511-79591-6 (ISBN)
Description
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.
Reviews / Votes
'... 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 PhysicsMore details
Language
English
Place of publication
Cambridge
United Kingdom
Publishing group
Cambridge University Press
Target group
Professional and scholarly
Illustrations
Worked examples or Exercises; 2 Halftones, black and white; 21 Line drawings, black and white
File size
1,85 MB
ISBN-13
978-0-511-79591-6 (9780511795916)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Ubaldo Garibaldi | Enrico Scalas
Finitary Probabilistic Methods in Econophysics
Book
08/2010
1st Edition
Cambridge University Press
€105.30
Shipment within 15-20 days
Persons
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.
Content
1. Introductory remarks; 2. Individual and statistical descriptions; 3. Probability and events; 4. Finite random variables and stochastic processes; 5. The Polya 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.
