{"product_id":"introduction-to-econophysics-correlations-and-complexity-in-finance","title":"Introduction to Econophysics: Correlations and Complexity in Finance","description":"Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling, permit an understanding of the global behavior of economic systems without first having to work out a detailed microscopic description of the system. This pioneering text explores the use of these concepts in the description of financial systems, the dynamic new specialty of econophysics. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully-developed turbulent fluids and apply them to financial time series. They also present a new stochastic model that displays several of the statistical properties observed in empirical data. Physicists will find the application of statistical physics concepts to economic systems fascinating. Economists and other financial professionals will benefit from the book's empirical analysis methods and well-formulated theoretical tools that will allow them to describe systems composed of a huge number of interacting subsystems.\u003cbr\u003eASIN: 0521620082\u003cbr\u003eVSKU: BVV.0521620082.G\u003cbr\u003eCondition: Good\u003cbr\u003eAuthor\/Artist:Mantegna, Rosario N.|Stanley, H. Eugene\u003cbr\u003eBinding: Hardcover\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact  including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.  \u003cbr\u003e","brand":"Blue Vase Books","offers":[{"title":"Default Title","offer_id":44302137360445,"sku":"BVV.0521620082.G","price":27.18,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0589\/4225\/9261\/files\/0521620082-0.jpg?v=1793741982","url":"https:\/\/www.bluevasebooks.com\/products\/introduction-to-econophysics-correlations-and-complexity-in-finance","provider":"Blue Vase Books","version":"1.0","type":"link"}