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Finitary Probabilistic Methods in Econophysics (Hardback)
  • Finitary Probabilistic Methods in Econophysics (Hardback)
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Finitary Probabilistic Methods in Econophysics (Hardback)

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£62.00
Hardback 342 Pages / Published: 19/08/2010
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Econophysics 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.

Publisher: Cambridge University Press
ISBN: 9780521515597
Number of pages: 342
Weight: 830 g
Dimensions: 253 x 178 x 21 mm


MEDIA REVIEWS
'... a book that would allow a physicist to approach recent advances in statistics which are not encountered in statistical physics for example ... serves as an introduction to distributions and models that are widely used in physics.' Contemporary Physics
"The book by U. Garibaldi and E. Scalas stands out by developing and applying these models in a systematic way in a primarily economic context. It is designed as a textbook targeted at graduate or advanced undergraduate students in quantitative natural and social sciences, as well as researchers in applied mathematics, physics, economics and finance." Leonid V. Bogachev, Mathematical Reviews

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