Experimental Econophysics - Properties and Mechanisms of Laboratory Markets (Hardcover, 2015 ed.)

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.

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Series:	New Economic Windows
Release date:	August 2014
First published:	2015
Authors:	Ji-Ping Huang
Dimensions:	235 x 155 x 13mm (L x W x T)
Format:	Hardcover
Pages:	192
Edition:	2015 ed.
ISBN-13:	978-3-662-44233-3
Categories:	Books > Business & Economics > Economics > General Books > Reference & Interdisciplinary > Communication studies > Information theory > Cybernetics & systems theory Books > Social sciences > Sociology, social studies > Social research & statistics > General Books > Science & Mathematics > Mathematics > Optimization > Game theory
LSN:	3-662-44233-7
Barcode:	9783662442333

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