Enrico Scalas Ubaldo GaribaldiCambridge University Press, 8/19/2010EAN 9780521515597, ISBN10: 0521515599Hardcover, 342 pages, 25.3 x 17.8 x 2.1 cmLanguage: EnglishEconophysics applies the methodology of physics to the study of economics. However, whilst physicists have good understanding of statistical physics, they may be unfamiliar with recent advances in statistical conjectures, including Bayesian and predictive methods. Equally, economists with knowledge of probabilities do not have a background in statistical physics and agent-based models. Proposing a unified view for a dynamic probabilistic approach, this book is useful for advanced undergraduate and graduate students as well as researchers in physics, economics and finance. The book takes a finitary approach to the subject, discussing the essentials of applied probability, and covering finite Markov chain theory and its applications to real systems. Each chapter ends with a summary, suggestions for further reading, and exercises with solutions at the end of the book.1. Introductory remarks2. Individual and statistical descriptions3. Probability and events4. Finite random variables and stochastic processes5. The Pólya process6. Time evolution and finite Markov chains7. The Ehrenfest–Brillouin model8. Applications to stylized models in economics9. Finitary characterization of the Ewens sampling formula10. The Zipf–Simon–Yule processIndex.
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