Overview
- Covers the basic concepts, experimental methods, and modelling approaches of econophysics
- Presents the latest progress in the field of econophysics
- Introduces experimental econophysics with a focus on controlled human experiments
- Serves as both a reference work for senior researchers and a study text for graduate students
- Includes supplementary material: sn.pub/extras
Part of the book series: New Economic Windows (NEW)
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Table of contents (13 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Experimental Econophysics describes the method of controlled human experiments, which is developed by physicists to study some problems in economics or finance, namely, stylized facts, fluctuation phenomena, herd behavior, contrarian behavior,
hedge behavior, cooperation, business cycles, partial information, risk management, and stock prediction. Experimental econophysics together with empirical econophysics are two branches of the field of econophysics. The latter one has been
extensively discussed in the existing books, while the former one has been seldom touched. In this book, the author will focus on the branch of experimental econophysics.
Empirical econophysics is based on the analysis of data in real markets by using some statistical tools borrowed from traditional statistical physics. Differently, inspired by the role of controlled experiments and system modelling (for computer simulations and/or analytical theory) in developing modern physics, experimental econophysics specially relies on controlled human experiments in the laboratory (producing data for analysis) together with agent-based modelling (for computer simulations and/or analytical theory), with an aim at revealing the general
cause-effect relationship between specific parameters and emergent properties of real economic/financial markets. This book covers the basic concepts, experimental methods, modelling approaches, and latest progress in the field of experimental
econophysics.
Authors and Affiliations
About the author
J. P. Huang received the Ph.D degree in Physics from The Chinese University of Hong Kong, Hong Kong, China, in 2003. Since 2005, he has been a Professor in the Department of Physics, Fudan University, Shanghai, China. He was a Research Fellow of the Alexander von Humboldt foundation (Germany) in 2004–2005. His current research interests include econophysics and soft matter physics. His homepage: http://www.physics.fudan.edu.cn/tps/people/jphuang/new/.
Bibliographic Information
Book Title: Experimental Econophysics
Book Subtitle: Properties and Mechanisms of Laboratory Markets
Authors: Ji-Ping Huang
Series Title: New Economic Windows
DOI: https://doi.org/10.1007/978-3-662-44234-0
Publisher: Springer Berlin, Heidelberg
eBook Packages: Physics and Astronomy, Physics and Astronomy (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2015
Hardcover ISBN: 978-3-662-44233-3Published: 20 August 2014
Softcover ISBN: 978-3-662-51521-1Published: 17 September 2016
eBook ISBN: 978-3-662-44234-0Published: 05 August 2014
Series ISSN: 2039-411X
Series E-ISSN: 2039-4128
Edition Number: 1
Number of Pages: XV, 192
Number of Illustrations: 40 b/w illustrations, 35 illustrations in colour
Topics: Data-driven Science, Modeling and Theory Building, Behavioral/Experimental Economics, Game Theory, Economics, Social and Behav. Sciences, Complexity