Overview
- Econophysics is a really hot topic and allows already some stunning applications in economic modeling
- Includes supplementary material: sn.pub/extras
Part of the book series: Theoretical and Mathematical Physics (TMP)
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Table of contents (9 chapters)
Keywords
About this book
Reviews
"Apart from its envisioned audience in the physics community this book should be useful to econometricians and statisticians who are interested in an unconventional look at empirical finance. It is excellent at illustrating the similarities of financial markets with non-equilibrium physical systems, notably turbulence. Although it is too early for a final verdict on the merits of ‘physics methods’ in finance, this book is a most welcome starting point for anybody interested in this new interdisciplinary area." (Statistical Papers, 44/2, 2003)
"Provides an excellent introduction for physicists interested in the statistical properties of financial markets. Appropriately early in the book, the basic financial terms such as shorts, limit orders, puts, calls, and other terms are clearly defined. Examples, often with graphs, augment the reader's understanding of what may be a plethora of new terms and ideas. [...] In conclusion, The Statistical Mechanics of Financial Markets is an excellent starting point for the physicist interested in the subject. Some of the book’s strongest features are its careful definitions, its detailed examples, and the connections it establishes to physical systems. The mathematics are the level of upper undergraduate statistics and statistical physics, making the book suitable for students as well as practicing physicists." (Physics Today, 2002)
"This book is excellent at illustrating the similarities of financial markets with other non-equilibrium physical systems. [...] In summary, a very good book that offers more than just qualitative comparisons of physics and finance." (www.quantnotes.com)
"Reading this book is a good way for physicists and those who like training to become acquainted with research problems in finance, and it gives finance people with more conventional backgrounds the chance to see what has been accomplished by the physicists who have worked in this area.”(MATHEMATICAL REVIEWS)
"…an excellent starting point for the physicist interested in the subject…Some of the books strongest features are its careful definition, its detailed examples, and the connections it establishes to physical systems…The mathematics are at the level of upper undergraduate statistics and statistical physics, making the book suitable for students as well as practicing physicists.” (PHYSICS TODAY)
Authors and Affiliations
Bibliographic Information
Book Title: The Statistical Mechanics of Financial Markets
Authors: Johannes Voit
Series Title: Theoretical and Mathematical Physics
DOI: https://doi.org/10.1007/978-3-662-04423-0
Publisher: Springer Berlin, Heidelberg
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eBook Packages: Springer Book Archive
Copyright Information: Springer-Verlag Berlin Heidelberg 2001
eBook ISBN: 978-3-662-04423-0Published: 29 June 2013
Series ISSN: 1864-5879
Series E-ISSN: 1864-5887
Edition Number: 1
Number of Pages: XII, 220
Number of Illustrations: 22 b/w illustrations
Topics: Complex Systems, Game Theory, Economics, Social and Behav. Sciences, Economic Theory/Quantitative Economics/Mathematical Methods, Statistics for Business, Management, Economics, Finance, Insurance, Statistical Physics and Dynamical Systems