Experimental econophysics[electronic...
Huang, Ji-Ping.

 

  • Experimental econophysics[electronic resource] :properties and mechanisms of laboratory markets /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 330.015195
    書名/作者: Experimental econophysics : properties and mechanisms of laboratory markets // by Ji-Ping Huang.
    作者: Huang, Ji-Ping.
    出版者: Berlin, Heidelberg : : Springer Berlin Heidelberg :, 2015.
    面頁冊數: xv, 192 p. : : ill. (some col.), digital ;; 24 cm.
    Contained By: Springer eBooks
    標題: Econophysics.
    標題: Physics.
    標題: Socio- and Econophysics, Population and Evolutionary Models.
    標題: Game Theory/Mathematical Methods.
    標題: Game Theory, Economics, Social and Behav. Sciences.
    標題: Complexity.
    ISBN: 9783662442340 (electronic bk.)
    ISBN: 9783662442333 (paper)
    內容註: Introduction -- Fundamentals -- Stylized facts: Scaling Law and Clustering Behavior -- Fluctuation Phenomena: Leverage Could be Positive and Negative -- Herd Behavior: Beyond the Known Ruinous Role -- Contrarian Behavior: Beyond the Known Helpful Role -- Hedge Behavior: Statistical Equivalence of Different Systems -- Cooperation: Spontaneous Emergence of the Invisible Hand -- Business Cycles: Competition between Suppliers and Consumers -- Partial Information: Equivalent to Complete Information -- Risk Management: Unusual Risk-Return Relationship -- Prediction: Pure Technical Analysis Might not Work Satisfactorily -- Summary and outlook -- Appendix.
    摘要、提要註: Experimental Econophysics describes the method of controlled human experiments, which is developed by physicists to study some problems in economics or finance, namely, stylized facts, fluctuation phenomena, herd behavior, contrarian behavior, hedge behavior, cooperation, business cycles, partial information, risk management, and stock prediction. Experimental econophysics together with empirical econophysics are two branches of the field of econophysics. The latter one has been extensively discussed in the existing books, while the former one has been seldom touched. In this book, the author will focus on the branch of experimental econophysics. Empirical econophysics is based on the analysis of data in real markets by using some statistical tools borrowed from traditional statistical physics. Differently, inspired by the role of controlled experiments and system modelling (for computer simulations and/or analytical theory) in developing modern physics, experimental econophysics specially relies on controlled human experiments in the laboratory (producing data for analysis) together with agent-based modelling (for computer simulations and/or analytical theory), with an aim at revealing the general cause-effect relationship between specific parameters and emergent properties of real economic/financial markets. This book covers the basic concepts, experimental methods, modelling approaches, and latest progress in the field of experimental econophysics.
    電子資源: http://dx.doi.org/10.1007/978-3-662-44234-0
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