## Empirical Science of Financial Fluctuations: The Advent of EconophysicsFinancial fluctuations were generally neglected in classical ecnomics and their basic statistical properties have only recently been elucidated in the emerging field of econophysics, a new science that analyzes data using methods developed by statistical physics, such as chaos, fractals, and phase transitions. This volume is the proceedings of a workshop at which leading international researchers in this discipline discussed their most recent results and examined the validity of the empirical laws of econophysics. Topics include stock market prices and foreign exchange rates, income distribution, market anomalies, and risk management. The papers herein relate econophysics to other models, present new models, and illustrate the mechanisms by which financial fluctuations occur using actual financial data. Containing the most recent econophysics results, this volume will serve as an indispensable reference for economic theorists and practitioners alike. |

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### Contents

3 | |

Transaction Interval Analysis of High Resolution Foreign Exchange Data | 18 |

A Random Matrix Theory Approach to Quantifying Collective Behavior | 35 |

False EUR Exchange Rates vs DKK CHF JPY and | 51 |

Ausloos K Ivanova and N Vandewalle | 77 |

A Mechanism of International Transmission of Financial Crises | 90 |

T Kaizoji | 102 |

Z Palágyi G Körösi and R N Mantegna | 110 |

Three Bodies Trading Model in Financial Markets | 159 |

41 | 170 |

H Yoon H Saito and T Tanahashi | 171 |

A Simple Model of Volatility Fluctuations in Asset Markets | 180 |

51 | 185 |

SelfSimilarity of Price Fluctuations and Market Dynamics | 186 |

Y Fujiwara and H Fujisaka | 195 |

102 | 208 |

MicroSimulations of Financial Markets and the Stylized Facts | 123 |

27 | 126 |

T Lux and F Heitger | 135 |

A Speculative Financial Market Model | 143 |

A Ponzi | 152 |

10 | 218 |

123 | 245 |

143 | 298 |

159 | 318 |

### Other editions - View all

Empirical Science of Financial Fluctuations: The Advent of Econophysics Hideki Takayasu No preview available - 2014 |

### Common terms and phrases

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