Econophysics and Sociophysics: Trends and Perspectives

Front Cover
Bikas K. Chakrabarti, Anirban Chakraborti, Arnab Chatterjee
John Wiley & Sons, Feb 27, 2007 - Science - 648 pages
0 Reviews
Reviews aren't verified, but Google checks for and removes fake content when it's identified
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.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

1 A Thermodynamic Formulation of Economics
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
Subject Index
607
Author Index
613
Copyright

Other editions - View all

Common terms and phrases

About the author (2007)

Bikas K Chakrabarti is a senior professor of theoretical condensed matter physics at the Saha Institute of Nuclear Physics, Kolkata, India. He received his doctorate in physics from Calcutta University in 1979. Following postdoctoral positions at Oxford University and Cologne University, he joined the Saha Institute of Nuclear Physics, Kolkata in 1983. Among others, his key research interests are statistical physics of linear polymers in disordered media and physics of quantum glasses and annealing and, recently, applications of statistical physics to interdisciplinary areas of geoscience (earthquake models) and economics (wealth distribution in societies). He has written and edited several books on these topics. Professor Chakrabarti is a fellow of the Indian Academy of Sciences (Bangalore) and the Indian National Science Academy (New Delhi).

Anirban Chakraborti is a lecturer in theoretical physics at Banaras Hindu University (BHU), Banaras, India. He received his doctorate in physics from Jadavpur University in 2003. Following postdoctoral positions at Helsinki University of Technology, Brookhaven National Laboratory and Saha Institute of Nuclear Physics, he moved back to India to work at BHU. Statistical physics of the traveling salesman problem, models of trading markets, stock market correlations and portfolio optimization, adaptive minority games and bioinformatics have been his major research interests.

Arnab Chatterjee is a graduate student of theoretical condensed matter physics at the Saha Institute of Nuclear Physics, Kolkata, India. He has worked on dynamic transitions in Ising models, while also taking an interest in the application of statistical physics to varied interdisciplinary fields such as complex networks and econophysics. He has studied structural properties of the transport networks and is now into developing the ideal-gas models of markets.

Bibliographic information