Statistical Physics and Economics

Statistical Physics and Economics

4.11 - 1251 ratings - Source

This systematic book covers in simple language the physical foundations of evolution equations, stochastic processes and generalized Master equations applied on complex economic systems, helping to understand the large variability of financial markets, trading and communications networks.The mathematical way starts from well-defined hypotheses that consider more or less idealized economic rules and specific ... The exact solution of a financial problem formulated hypothetically is the intrinsic power of financial mathematics, anbsp;...

Title:Statistical Physics and Economics
Author: Michael Schulz
Publisher:Springer Science & Business Media - 2003-04-08

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