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Finitary Probabilistic Methods in Econophysics

Name: Finitary Probabilistic Methods in Econophysics
Brand: Cambridge University Press
SKU: 04092199
Price: 41080 HUF
Availability: InStock
Author: Ubaldo Garibaldi
ISBN: 9780521515597

Ubaldo Garibaldi

Language

English

Book Hardback

Libristo code: 04092199

Publishers Cambridge University Press, August 2010

Econophysics applies the methodology of physics to the study of economics. However, whilst physicist... Full description

Libristo code: 04092199

280 b

41 080 Ft

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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.