Logo - springer
Slogan - springer

Physics - Complexity | Experimental Econophysics - Properties and Mechanisms of Laboratory Markets

Experimental Econophysics

Properties and Mechanisms of Laboratory Markets

Huang, Ji-Ping

2015, XV, 192 p. 75 illus., 35 illus. in color.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$79.99

(net) price for USA

ISBN 978-3-662-44234-0

digitally watermarked, no DRM

Included Format: PDF and EPUB

download immediately after purchase


learn more about Springer eBooks

add to marked items

Hardcover
Information

Hardcover version

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$109.00

(net) price for USA

ISBN 978-3-662-44233-3

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • 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

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.


Content Level » Research

Keywords » Agent-based Modeling - Arbitrage Opportunities - Complex Adaptive System - Computer-aided Controlled Human Experiments - Controlled Experiment - Emergent Property - Fluctuation Phenomena - Human Market Behavior - Laboratory Market - Risk Management

Related subjects » Applications - Complexity - Game Theory / Mathematical Methods

Table of contents / Preface / Sample pages 

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Socio- and Econophysics, Population and Evolutionary Models.