New Economic Windows

Experimental Econophysics

Properties and Mechanisms of Laboratory Markets

Authors: Huang, Ji-Ping

  • 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
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eBook $79.99
price for USA (gross)
  • ISBN 978-3-662-44234-0
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  • Immediate eBook download after purchase
Hardcover $109.00
price for USA
  • ISBN 978-3-662-44233-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $109.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 3, 2016
  • ISBN 978-3-662-51521-1
  • Free shipping for individuals worldwide
Rent the ebook  
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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.


About the authors

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/.

Table of contents (13 chapters)

  • Introduction

    Huang, Ji-Ping

    Pages 1-7

  • Fundamentals

    Huang, Ji-Ping

    Pages 9-31

  • Stylized Facts: Scaling Law and Clustering Behavior

    Huang, Ji-Ping

    Pages 33-44

  • Fluctuation Phenomena: Leverage Could Be Positive and Negative

    Huang, Ji-Ping

    Pages 45-62

  • Herd Behavior: Beyond the Known Ruinous Role

    Huang, Ji-Ping

    Pages 63-82

Buy this book

eBook $79.99
price for USA (gross)
  • ISBN 978-3-662-44234-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $109.00
price for USA
  • ISBN 978-3-662-44233-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $109.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 3, 2016
  • ISBN 978-3-662-51521-1
  • Free shipping for individuals worldwide
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
Experimental Econophysics
Book Subtitle
Properties and Mechanisms of Laboratory Markets
Authors
Series Title
New Economic Windows
Copyright
2015
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-662-44234-0
DOI
10.1007/978-3-662-44234-0
Hardcover ISBN
978-3-662-44233-3
Softcover ISBN
978-3-662-51521-1
Series ISSN
2039-411X
Edition Number
1
Number of Pages
XV, 192
Number of Illustrations and Tables
40 b/w illustrations, 35 illustrations in colour
Topics