The primary goal of the book is to present the ideas and research findings of active researchers such as physicists, economists, mathematicians and financial engineers working in the field of "Econophysics," who have undertaken the task of modeling and analyzing systemic risk, network dynamics and other topics. Of primary interest in these studies is the aspect of systemic risk, which has long been identified as a potential scenario in which financial institutions trigger a dangerous contagion mechanism, spreading from the financial economy to the real economy. This type of risk, long confined to the monetary market, has spread considerably in the recent past, culminating in the subprime crisis of 2008. As such, understanding and controlling systemic risk has become an extremely important societal and economic challenge. The Econophys-Kolkata VI conference proceedings are dedicated to addressing a number of key issues involved. Several leading researchers in these fields report on their recent work and also review contemporary literature on the subject.

In recent years, as part of the increasing "informationization" of industry and the economy, enterprises have been accumulating vast amounts of detailed data such as high-frequency transaction data in nancial markets and point-of-sale information onindividualitems in theretail sector. Similarly,vast amountsof data arenow ava- able on business networks based on inter rm transactions and shareholdings. In the past, these types of information were studied only by economists and management scholars. More recently, however, researchers from other elds, such as physics, mathematics, and information sciences, have become interested in this kind of data and, based on novel empirical approaches to searching for regularities and "laws" akin to those in the natural sciences, have produced intriguing results. This book is the proceedings of the international conference THICCAPFA7 that was titled "New Approaches to the Analysis of Large-Scale Business and E- nomic Data," held in Tokyo, March 1-5, 2009. The letters THIC denote the Tokyo Tech (Tokyo Institute of Technology)-Hitotsubashi Interdisciplinary Conference. The conference series, titled APFA (Applications of Physics in Financial Analysis), focuses on the analysis of large-scale economic data. It has traditionally brought physicists and economists together to exchange viewpoints and experience (APFA1 in Dublin 1999, APFA2 in Liege ` 2000, APFA3 in London 2001, APFA4 in Warsaw 2003, APFA5 in Torino 2006, and APFA6 in Lisbon 2007). The aim of the conf- ence is to establish fundamental analytical techniques and data collection methods, taking into account the results from a variety of academic disciplines.

The spectacular success of the scientific enterprise over the last four hundred years has led to the promise of an all encompassing vision of the natural world. In this elegant picture, everything we observe is based upon just a few fundamental processes and entities. The almost infinite variety and complexity of the world is thus the product of emergence. But the concept of emergence is fraught with controversy and confusion. This book ponders the question of how emergence should be understood within the scientific picture, and whether a complete vision of the world can be attained that includes consciousness.

This book explores non-extensive statistical mechanics in non-equilibrium thermodynamics, and presents an overview of the strong nonlinearity of chaos and complexity in natural systems, drawing on relevant mathematics from topology, measure-theory, inverse and ill-posed problems, set-valued analysis, and nonlinear functional analysis. It offers a self-contained theory of complexity and complex systems as the steady state of non-equilibrium systems, denoting a homeostatic dynamic equilibrium between stabilizing order and destabilizing disorder.

This new edition also treats smart materials and artificial life. A new chapter on information and computational dynamics takes up many recent discussions in the community.

Nano-science and nano-technology are rapidly developing scientific and technological areas that deal with physical, chemical and biological processes that occur on nano-meter scale - one millionth of a millimeter. Self-organization and pattern formation play crucial role on nano-scales and promise new, effective routes to control various nano-scales processes. This book contains lecture notes written by the lecturers of the NATO Advanced Study Institute "Self-Assembly, Pattern Formation and Growth Phenomena in Nano-Systems" that took place in St Etienne de Tinee, France, in the fall 2004. They give examples of self-organization phenomena on micro- and nano-scale as well as examples of the interplay between phenomena on nano- and macro-scales leading to complex behavior in various physical, chemical and biological systems. They discuss such fascinating nano-scale self-organization phenomena as self-assembly of quantum dots in thin solid films, pattern formation in liquid crystals caused by light, self-organization of micro-tubules and molecular motors, as well as basic physical and chemical phenomena that lead to self-assembly of the most important molecule on the basis of which most of living organisms are built - DNA. A review of general features of all pattern forming systems is also given. The authors of these lecture notes are the leading experts in the field of self-organization, pattern formation and nonlinear dynamics in non-equilibrium, complex systems.

Oligopoly theory is one of the most intensively studied areas of mathematical economics. On the basis of the pioneering works of Cournot (1838), many res- rchers have developed and extensively examined the different variants of oligopoly models. Initially, the existence and uniqueness of the equilibrium of the different types of oligopolies was the main concern, and later the dynamic extensions of these models became the focus. The classical result of Theocharis (1960) asserts that under discrete time scales and static expectations, the equilibrium of a sing- product oligopoly without product differentiation and with linear price and cost functions is asymptotically stable if and only if it is a duopoly. In the continuous time case, asymptotic stability is guaranteed for any number of ?rms. In these cases the resulting dynamical systems are also linear, where local and global asymptotic stability are equivalent to each other. The classical book of Okuguchi (1976) gives a comprehensive summary of the earlier results and developments. The multipr- uct extensionshave been discussed in Okuguchiand Szidarovszky(1999);however, nonlinear features were barely touched upon in these contributions. WiththedevelopmentofthecriticalcurvemethodbyGumowskiandMira(1980) (see also Mira et al. (1996))fordiscrete time systemsand the introductionof cont- uously distributed information lags by Invernizzi and Medio (1991) in continuous time systems, increasing attention has been given to the global dynamics of n- linear oligopolies. The authors of this book have devoted a great deal of research effort to this area.

Illustrating the development of Brownian ratchets, from their foundations, to their role in the description of life at the molecular scale and in the design of artificial nano-machinery, this text will appeal to both advanced graduates and researchers entering the field. Providing a self-contained introduction to Brownian ratchets, devices which rectify microscopic fluctuations, Part I avoids technicalities and sets out the broad range of physical systems where the concept of ratchets is relevant. Part II supplies a single source for a complete and modern theoretical analysis of ratchets in regimes such as classical vs quantum and stochastic vs deterministic, and in Part III readers are guided through experimental developments in different physical systems, each highlighting a specific unique feature of ratchets. The thorough and systematic approach to the topic ensures that this book provides a complete guide to Brownian ratchets for newcomers and established researchers in physics, biology and biochemistry.

The contributions to this volume review the mathematical description of complex phenomena from both a deterministic and stochastic point of view. The interface between theoretical models and the understanding of complexity in engineering, physics and chemistry is explored. The reader will find information on neural networks, chemical dissipation, fractal diffusion, problems in accelerator and fusion physics, pattern formation and self-organisation, control problems in regions of insta- bility, and mathematical modeling in biology.

Until now the important concept of quantum chaos has remained somewhat ill defined. This volume tackles the ubiquitous borderline between classical andquantum mechanics, studying in particular the semiclassical limit of chaotic systems. The effects of disorder from dynamics and their relation to stochastic systems, quantum coherence effects in mesoscopic systems, and the relevant theoretical approaches are fruitfully combined in this volume. The major paradigms of what is called quantum chaos, random matrix theory and applications to condensed matter and nuclear physics are presented. Detailed discussions of experimental work with particular emphasis on atomic physics are included. The book is highly recommended for graduate-student seminars.

The concept of phase space plays a decisive role in the study of the transition from classical to quantum physics. This is particularly the case in areas such as nonlinear dynamics and chaos, geometric quantization and the study of the various semi-classical theories, which are the setting of the present volume. Much of the content is devoted to the study of the Wigner distribution. This volume gives the first complete survey of the progress made by both mathematicians and physicists. It will serve as an excellent reference for further research.

The pedagogically presented lectures deal with viscoelastic behaviour of fluids, the compatibility of rheological theories with nonequilibrium thermodynamics, fluids under shear, and polymer behaviour in solution and in biological systems. The main aims of the book are to stress the importance of the study of rheological systems for statistical physics and nonequilibrium thermodynamics and to present recent results in rheological modelling. The book will be a valuable source for both students and researchers.

Nature provides many examples of coherent nonlinear structures and waves, and these have been observed and studied in various fields ranging from fluids and plasmas through solid-state physics to chemistry and biology. These proceedings reflect the remarkable process in understanding and modeling nonlinear phenomena in various systems that has recently been made.Experimental, numerical, and theoretical activities interact in various studies that are presented according to the following classification: magnetic and optical systems, biosystems and molecular systems, lattice excitations and localized modes, two-dimensional structures, theoretical physics, and mathematical methods. The book addresses researchers and graduate students from biology, engineering, mathematics, and physics.

Although the study of dynamical systems is mainly concerned with single trans formations and one-parameter flows (i. e. with actions of Z, N, JR, or JR+), er godic theory inherits from statistical mechanics not only its name, but also an obligation to analyze spatially extended systems with multi-dimensional sym metry groups. However, the wealth of concrete and natural examples, which has contributed so much to the appeal and development of classical dynamics, is noticeably absent in this more general theory. A remarkable exception is provided by a class of geometric actions of (discrete subgroups of) semi-simple Lie groups, which have led to the discovery of one of the most striking new phenomena in multi-dimensional ergodic theory: under suitable circumstances orbit equivalence of such actions implies not only measurable conjugacy, but the conjugating map itself has to be extremely well behaved. Some of these rigidity properties are inherited by certain abelian subgroups of these groups, but the very special nature of the actions involved does not allow any general conjectures about actions of multi-dimensional abelian groups. Beyond commuting group rotations, commuting toral automorphisms and certain other algebraic examples (cf. [39]) it is quite difficult to find non-trivial smooth Zd-actions on finite-dimensional manifolds. In addition to scarcity, these examples give rise to actions with zero entropy, since smooth Zd-actions with positive entropy cannot exist on finite-dimensional, connected manifolds. Cellular automata (i. e.

This volume contains a series of six lecture courses presented by some of the leading exponents in the field of low-temperature physics. Special emphasis is given to theoretical and experimental advances in our understanding of 3He, heavy fermion systems and high-Tc superconductivity. The book provide an ideal basis for graduate courses in low-temperature physics.

Despite scientific evidence that business-as-usual is unsustainable, there is a huge and widespread inertia to 'greening' the planet. Warming to Ecocide considers climate change from a thermodynamic perspective and asks whether market-driven organisations have carried us to the point of no return through the flawed economics of endless growth. Warming to Ecocide begins by exploring the thermodynamic origins of climate change. It demonstrates that equilibrium thermodynamics can provide full explanations for the basic processes of life such as photosynthesis and metabolism, and that non-equilibrium thermodynamics is close to providing an explanation for how life started. Armed with a solid appreciation of the power of thermodynamics, the second half of Warming to Ecocide discusses whether multinational corporations have convinced the public that climate change is insignificant and thereby neutered any all attempts by governments to espouse environmentally-friendly policies. It then goes on to offer strategies whereby mankind may avoid propelling the global average temperature above the pre-industrial level by more than 2 DegreesC, which scientists view as a threshold presaging catastrophic run-away processes.

Combined for researchers and graduate students the articles from the Sitges Summer School together form an excellent survey of the applications of neural-network theory to statistical mechanics and computer-science biophysics. Various mathematical models are presented together with their interpretation, especially those to do with collective behaviour, learning and storage capacity, and dynamical stability.

This book is devoted to the applications of the mathematical theory of solitons to physics, statistical mechanics, and molecular biology. It contains contributions on the signature and spectrum of solitons, nonlinear excitations in prebiological systems, experimental and theoretical studies on chains of hydrogen-bonded molecules, nonlinear phenomena in solid-state physics, including charge density waves, nonlinear wave propagation, defects, gap solitons, and Josephson junctions. The content is interdisciplinary in nature and displays the new trends in nonlinear physics.

to increase the use of direct contact processes, the National Science Foundation sup ported a workshop on direct contact heat transfer at the Solar Energy Research Insti tute in the summer of 1985. We served as organizers for this workshop, which em phasized an area of thermal engineering that, in our opinion, has great promise for the future, but has not yet reached the point of wide-spread commercial application. Hence, a summary of the state of knowledge at this point is timely. The workshop had a dual objective: 1. To summarize the current state of knowledge in such a form that industrial practi tioners can make use of the available information. 2. To indicate the research and development needed to advance the state-of-the-art, indicating not only what kind of research is needed, but also the industrial poten tial that could be realized if the information to be obtained through the proposed research activities were available.

Stability conditions for functional differential equations can be obtained using Lyapunov functionals. Lyapunov Functionals and Stability of Stochastic Functional Differential Equations describes the general method of construction of Lyapunov functionals to investigate the stability of differential equations with delays. This work continues and complements the author's previous book Lyapunov Functionals and Stability of Stochastic Difference Equations, where this method is described for difference equations with discrete and continuous time. The text begins with both a description and a delineation of the peculiarities of deterministic and stochastic functional differential equations. There follows basic definitions for stability theory of stochastic hereditary systems, and the formal procedure of Lyapunov functionals construction is presented. Stability investigation is conducted for stochastic linear and nonlinear differential equations with constant and distributed delays. The proposed method is used for stability investigation of different mathematical models such as: * inverted controlled pendulum; * Nicholson's blowflies equation; * predator-prey relationships; * epidemic development; and * mathematical models that describe human behaviours related to addictions and obesity. Lyapunov Functionals and Stability of Stochastic Functional Differential Equations is primarily addressed to experts in stability theory but will also be of interest to professionals and students in pure and computational mathematics, physics, engineering, medicine, and biology.

This book explains the minimum error entropy (MEE) concept applied to data classification machines. Theoretical results on the inner workings of the MEE concept, in its application to solving a variety of classification problems, are presented in the wider realm of risk functionals. Researchers and practitioners also find in the book a detailed presentation of practical data classifiers using MEE. These include multi-layer perceptrons, recurrent neural networks, complexvalued neural networks, modular neural networks, and decision trees. A clustering algorithm using a MEE-like concept is also presented. Examples, tests, evaluation experiments and comparison with similar machines using classic approaches, complement the descriptions.

Materials sciences relate the macroscopic properties of materials to their microscopic structure and postulate the need for holistic multiscale research. The investigation of shape memory alloys is a prime example in this regard. This particular class of materials exhibits strong coupling of temperature, strain and stress, determined by solid state phase transformations of their metallic lattices. The present book presents a collection of simulation studies of this behaviour. Employing conceptually simple but comprehensive models, the fundamental material properties of shape memory alloys are qualitatively explained from first principles. Using contemporary methods of molecular dynamics simulation experiments, it is shown how microscale dynamics may produce characteristic macroscopic material properties. The work is rooted in the materials sciences of shape memory alloys and covers thermodynamical, micro-mechanical and crystallographical aspects. It addresses scientists in these research fields and their students.

Entransy in Phase-Change Systems summarizes recent developments in the area of entransy, especially on phase-change processes. This book covers new developments in the area including the great potential for energy saving for process industries, decreasing carbon dioxide emissions, reducing energy bills and improving overall efficiency of systems. This concise volume is an ideal book for engineers and scientists in energy-related industries.

Large-scale winds and currents tend to balance Coriolis and pressure gradient forces. The time evolution of these winds and currents is the subject of the quasi-geostrophic theory. Chapter 1 presents concepts and equations of classical inertial fluid mechanics. Chapter 2 deals with the equations of thermodynamics that close the governing equations of the fluids. Then, the motion is reformulated in a uniformly rotating reference frame. Chapter 3 deals with the shallow-water model and the homogeneous model of wind-driven circulation. The chapter also describes a classical application of the Ekman layer to the atmosphere. Chapter 4 considers the two-layer model, as an introduction to baroclinic flows, together with the concept of available potential energy. Chapter 5 takes into account continuously stratified flows in the ocean and in the atmosphere.

The domain of non-extensive thermostatistics has been subject to intensive research over the past twenty years and has matured significantly. Generalised Thermostatistics cuts through the traditionalism of many statistical physics texts by offering a fresh perspective and seeking to remove elements of doubt and confusion surrounding the area. The book is divided into two parts - the first covering topics from conventional statistical physics, whilst adopting the perspective that statistical physics is statistics applied to physics. The second developing the formalism of non-extensive thermostatistics, of which the central role is played by the notion of a deformed exponential family of probability distributions. Presented in a clear, consistent, and deductive manner, the book focuses on theory, part of which is developed by the author himself, but also provides a number of references towards application-based texts. Written by a leading contributor in the field, this book will provide a useful tool for learning about recent developments in generalized versions of statistical mechanics and thermodynamics, especially with respect to self-study. Written for researchers in theoretical physics, mathematics and statistical mechanics, as well as graduates of physics, mathematics or engineering. A prerequisite knowledge of elementary notions of statistical physics and a substantial mathematical background are required.