## Econophysics and Sociophysics: Trends and PerspectivesBikas K. Chakrabarti, Anirban Chakraborti, Arnab Chatterjee 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. |

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### Contents

1 | |

2 Zerointelligence Models of Limitorder Markets | 35 |

3 Understanding and Managing the Future Evolution of a Competitive Multiagent Population | 65 |

4 Growth of Firms and Networks | 99 |

5 A Review of Empirical Studies and Models of Income Distributions in Society | 131 |

6 Models of Wealth Distributions A Perspective | 161 |

7 The Contribution of Moneytransfer Models to Economics | 191 |

8 Fluctuations in Foreign Exchange markets | 219 |

13 Opinion Dynamics Minority Spreading and Heterogeneous Beliefs | 367 |

14 Global Terrorism versus Social Permeability to Underground Activities | 393 |

15 How a Hit is Born The Emergence of Popularity from the Dynamics of Collective Choice | 417 |

16 Crowd Dynamics | 449 |

17 Complexities of Social Networks A Physicists Perspective | 473 |

18 Emergence of Memory in Networks of Nonlinear Units From Neurons to Plant Cells | 507 |

19 Selforganization Principles in Supply Networks and Production Systems | 535 |

20 Can we Recognize an Innovation? Perspective from an Evolving Network Model | 561 |

9 Econophysics of Stock and Foreign Currency Exchange Markets | 249 |

10 A Thermodynamic Formulation of Social Science | 279 |

11 Computer Simulation of Language Competition by Physicists | 311 |

12 Social Opinion Dynamics | 339 |

Color Plates | 593 |

607 | |

613 | |

### Other editions - View all

Econophysics and Sociophysics: Trends and Perspectives Bikas K. Chakrabarti,Anirban Chakraborti,Arnab Chatterjee No preview available - 2007 |

Econophysics and Sociophysics: Trends and Perspectives Bikas K. Chakrabarti,Anirban Chakraborti,Arnab Chatterjee No preview available - 2007 |

### Common terms and phrases

agents arbitrage attractor average behavior binary choice clustering coefficient core correlation corresponding degree distribution denote density depends discussed distribution function dynamics economic Econophysics entropy equation evolution exact differential form exchange exponent exponential firm’s firms flow fluctuations Future–Cast given graph growth income individual initial innovation interaction Lagrange language lattice log-normal log-normal distribution matrix maximum monetary movie neighbors node observed obtained opinion output parameter Pareto Pareto index passive supporters pedestrians percolation phase transition Phys physics plot population possible power law power-law tail probability distribution production ps(t random randomly scale Section shown in Fig shows simulation small-world network social networks stochastic strategy structure terrorist threshold time-steps tion total number traders transaction updates variables velocity velocity of money wealth distribution zero Zipf’s law