Focus on Statistical Physics Modeling in Economics and Finance
نویسندگان
چکیده
منابع مشابه
Applications of Statistical Physics in Finance and Economics
This chapter reviews recent research adopting methods from statistical physics in theoretical or empirical work in economics and finance. The bulk of what has recently become known as 'econophysics' in broader circles draws its motivation from observed scaling laws in financial markets and the abundance of data available from the economy's financial sphere. Sec. 2 of this review presents the ro...
متن کاملFinance And Economics : Krugman ' s conundrum ; Economics focus
Summary) Opinion polls suggest that Americans have become increasingly convinced that globalisation harms ordinary workers. As a commentator, economist Paul Krugman has become more sceptical. It's no longer safe to assert that trade's impact on the income distribution in wealthy countries is fairly minor, he wrote on the VoxEU blog last year. There's a good case that it is big and getting bigge...
متن کاملEconomics and Finance: q-Statistical Stylized Features Galore
The Boltzmann–Gibbs (BG) entropy and its associated statistical mechanics were generalized, three decades ago, on the basis of the nonadditive entropy Sq (q ∈ R), which recovers the BG entropy in the q→ 1 limit. The optimization of Sq under appropriate simple constraints straightforwardly yields the so-called q-exponential and q-Gaussian distributions, respectively generalizing the exponential ...
متن کاملForecasting in Economics and Finance∗
Practices used to address economic forecasting problems have undergone substantial changes over recent years. We review how such changes have influenced the ways in which a range of forecasting questions are being addressed. We also discuss the promises and challenges arising from access to big data. Finally, we review empirical evidence and experience accumulated from the use of forecasting me...
متن کاملChaos in economics and finance
This paper focuses on the use of dynamical chaotic systems in Economics and Finance. In these fields, researchers employ different methods from those taken by mathematicians and physicists. We discuss this point. Then, we present statistical tools and problems which are innovative and can be useful in practice to detect the existence of chaotic behavior inside real data sets.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: New Journal of Physics
سال: 2011
ISSN: 1367-2630
DOI: 10.1088/1367-2630/13/2/025011