Econophysics and Sociophysics: Trends and Perspectives

• Publisher: Wiley-VCH Verlag GmbH & Co. KGaA
• Year: 2006
• Tongue: English
• Leaves: 631
• Category: Library

✦ Synopsis

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.

Content:
Chapter 1 A Thermodynamic Formulation of Economics (pages 1–33): Juergen Mimkes
Chapter 2 Zero?intelligence Models of Limit?order Markets (pages 35–63): Robin Stinchcombe
Chapter 3 Understanding and Managing the Future Evolution of a Competitive Multi?agent Population (pages 65–98): David M. D. Smith and Neil F. Johnson
Chapter 4 Growth of Firms and Networks (pages 99–129): Yoshi Fujiwara, Hideaki Aoyama and Wataru Souma
Chapter 5 A Review of Empirical Studies and Models of Income Distributions in Society (pages 131–159): Peter Richmond, Stefan Hutzler, Ricardo Coelho and Przemek Repetowicz
Chapter 6 Models of Wealth Distributions – A Perspective (pages 161–190): Abhijit Kar Gupta
Chapter 7 The Contribution of Money?transfer Models to Economics (pages 191–217): Yougui Wang, Ning Xi and Ning Ding
Chapter 8 Fluctuations in Foreign Exchange markets (pages 219–247): Yukihiro Aiba and Naomichi Hatano
Chapter 9 Econophysics of Stock and Foreign Currency Exchange Markets (pages 249–278): Marcel Ausloos
Chapter 10 A Thermodynamic Formulation of Social Science (pages 279–309): Juergen Mimkes
Chapter 11 Computer Simulation of Language Competition by Physicists (pages 311–337): Christian Schulze and Dietrich Stauffer
Chapter 12 Social Opinion Dynamics (pages 339–366): Gerard Weisbuch
Chapter 13 Opinion Dynamics, Minority Spreading and Heterogeneous Beliefs (pages 367–391): Serge Galam
Chapter 14 Global Terrorism versus Social Permeability to Underground Activities (pages 393–416): Serge Galam
Chapter 15 How a “Hit” is Born: The Emergence of Popularity from the Dynamics of Collective Choice (pages 417–447): Sitabhra Sinha and Raj Kumar Pan
Chapter 16 Crowd Dynamics (pages 449–472): Anders Johansson and Dirk Helbing
Chapter 17 Complexities of Social Networks: A Physicist's Perspective (pages 473–506): Parongama Sen
Chapter 18 Emergence of Memory in Networks of Nonlinear Units: From Neurons to Plant Cells (pages 507–533): Jun?ichi Inoue
Chapter 19 Self?organization Principles in Supply Networks and Production Systems (pages 535–559): Dirk Helbing, Thomas Seidel, Stefan Lammer and Karsten Peters
Chapter 20 Can we Recognize an Innovation?: Perspective from an Evolving Network Model (pages 561–591): Sanjay Jain and Sandeep Krishna