The Application of Econophysics
Author | : Hideki Takayasu |
Publisher | : Springer Science & Business Media |
Total Pages | : 352 |
Release | : 2012-12-06 |
ISBN-10 | : 9784431539476 |
ISBN-13 | : 4431539476 |
Rating | : 4/5 (76 Downloads) |
Book excerpt: Econophysics is a newborn field of science bridging economics and physics. A special feature of this new science is the data analysis of high-precision market data. In economics arbitrage opportunity is strictly denied; however, by observing high-precision data we can prove the existence of arbitrage opportunity. Also, financial technology neglects the possibility of market prediction; however, in this book you can find many examples of predicted events. There are other surprising findings. This volume is the proceedings of a workshop on "application of econophysics" at which leading international researchers discussed their most recent results.