Overview
- Editors:
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Hideki Takayasu
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Sony Computer Science Laboratories, Inc., Tokyo, Japan
Latest application and practical results in econophysics are summarized
New financial data analysis methods are introduced
New market models are introduced
Disadvantages and limitations of financial technology are pointed out
Dynamical behaviors of markets including predictability are clarified
Network structures in economics are discussed based on real data
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Table of contents (71 papers)
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Market’s Basic Properties
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- H. E. Stanley, Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou
Pages 2-18
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- János Kertész, Zoltán Eisler
Pages 19-23
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- A. A. Tsonis, K. Nakada, H. Takayasu
Pages 24-28
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- Misako Takayasu, Takayuki Mizuno, Takaaki Ohnishi, Hideki Takayasu
Pages 29-32
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- Takayuki Mizuno, Yukiko Umeno Saito, Tsutomu Watanabe, Hideki Takayasu
Pages 33-37
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- Adel Sharkasi, Martin Crane, Heather J. Ruskin
Pages 38-42
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- Kazuko Yamasaki, Lev Muchnik, Shlomo Havlin, Armin Bunde, H. Eugene Stanley
Pages 43-51
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- Annalisa Fabretti, Marcel Ausloos
Pages 52-56
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- Takayuki Mizuno, Misako Takayasu, Hideki Takayasu
Pages 57-61
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- Takaaki Ohnishi, Takayuki Mizuno, Kazuyuki Aihara, Misako Takayasu, Hideki Takayasu
Pages 62-66
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- Ken Kiyono, Zbigniew R. Struzik, Yoshiharu Yamamoto
Pages 67-71
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- Sary Levy-Carciente, Klaus Jaffé, Fabiola Londoño, Tirso Palm, Manuel Pérez, Miguel Piñango et al.
Pages 77-81
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Predictability of Markets
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- Philipp Weber, Bernd Rosenow
Pages 88-92
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- Stan Drożdż, Frank Grümmer, Franz Ruf, Josef Speth
Pages 93-98
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About this book
Some economic phenomena are predictable and controllable, and some are impos sible to foresee. Existing economic theories do not provide satisfactory answers as to what degree economic phenomena can be predicted and controlled, and in what situations. Against this background, people working on the financial front lines in real life have to rely on empirical rules based on experiments that often lack a solid foundation. "Econophysics" is a new science that analyzes economic phenomena empirically from a physical point of view, and it is being studied mainly to offer scientific, objective and significant answers to such problems. This book is the proceedings of the third Nikkei symposium on ''Practical Fruits of Econophysics," held in Tokyo, November 9-11, 2004. In the first symposium held in 2000, empirical rules were established by analyzing high-frequency finan cial data, and various kinds of theoretical approaches were confimied. In the second symposium, in 2002, the predictability of imperfections and of economic fluctua tions was discussed in detail, and methods for applying such studies were reported. The third symposium gave an overview of practical developments that can immedi ately be applied to the financial sector, or at least provide hints as to how to use the methodology.
Editors and Affiliations
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Sony Computer Science Laboratories, Inc., Tokyo, Japan
Hideki Takayasu