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E-book
Author Garibaldi, Ubaldo.

Title Finitary probabilistic methods in econophysics / Ubaldo Garibaldi, Enrico Scalas
Published Cambridge ; New York : Cambridge University Press, 2010
Online access available from:
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Description 1 online resource (xiv, 327 pages) : illustrations
Contents Individual and statistical descriptions -- Probability and events -- Finite random variables and stochastic processes -- The PĆ³lya process -- Time evolution and finite Markov chains -- The Ehrenfest-Brillouin model -- Applications to stylized models in economics -- Finitary characterization of the Ewens sampling formula -- The Zipf-Simon-Yule process
Summary "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"-- Provided by publisher
Bibliography Includes bibliographical references and indexes
Notes Print version record
Subject Econometrics.
Economics -- Mathematical models.
Economics -- Statistical methods.
Physics -- Mathematical models.
Statistical physics.
Form Electronic book
Author Scalas, Enrico.
ISBN 0511777582 (electronic bk.)
0511902050 (electronic bk.)
9780511777585 (electronic bk.)
9780511902055 (electronic bk.)