Econophysics


Book Description

The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physics to subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science. Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making




Econophysics of Agent-Based Models


Book Description

The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations. Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.




Econophysics


Book Description




Ecological Modelling and Ecophysics


Book Description

This book focuses on use-inspired basic science by connecting theoretical methods and mathematical developments in ecology with practical real-world problems, either in production or conservation.




Information, Natural Law, and the Self-Assembly of Rhythmic Movement


Book Description

Originally published in 1987, the introduction states: "the authors have successfully accomplished their program – to explain, based on physical representations, the observed relations among various parameters of wrist-pendulum oscillations. Thereby a set of new ideas and concepts, including those developed recently by the scientific school to which the authors belong, are introduced to biology. These concepts are closely related to the experimental data. This accomplishment makes the book especially attractive and demonstrates once more the productivity of applying physics to biology." "Clear language, simple figures, and physical examples illuminate rather complicated problems. These attractive features should make the book intelligible to a variety of investigators in the field of motor control, not only to the specialists with physical and mathematical education." From the foreword: " Kugler and Turvey have written strategic physical biology, and shown that, after all, dynamics (including both kinetics and kinematics) may support a unitary physical view of some of the profound operations of our brains... This is a grand start on what I hope is a larger program of demystifying behaviour."




Modelling Radioactivity in the Environment


Book Description

Just as an environmental model typically will be composed of a number of linked sub-models, representing physical, chemical or biological processes understood to varying degrees, this volume includes a series of linked chapters exemplifying the fundamental nature of environmental radioactivity models in all compartments of the environment. Why is a book on modelling environmental radioactivity necessary? There are many reasons why such a boook is necessary, perhaps the most important that: - modelling is an often misunderstood and maligned activity and this book can provide, to a broad audience, a greater understanding of modelling power but also some of the limitations. - modellers and experimentalists often do not understand and mistrust each other's work yet they are mutually dependent, in the sense that good experimental science can direct good modelling work and vice-versa; we hope that this book can dispel mistrust and engender improved understanding. - there is an increasing reliance on model results in environmental management, yet there is also often misuse and misrepresentation of these results. This book can help to bridge the gap between unrealistic expectations of model power and the realisation of what is possible, practicable and feasible in modelling of environmental radioactivity; and finally, - modelling tools, capacity and power have increased many-fold in a relatively short period of time. Much of this is due to the much-heralded computer revolution, but much is also due to better science. It is useful to consider what gap if any still remains between what is possible and what is necessary.