Publication
Jun 2008
The publication primarily discusses the application of statistical physics methodology in economics and finance, termed econophysics. The impact of econophysics in financial economics is evaluated in the second part, followed by explanations of scaling laws observed in finance that stem from stochastic behavioral models. The author concludes that the crossover of ideas between statistical physics and economics enriches the analysis of collective behavior in markets and other areas of social interaction.
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English (PDF, 69 pages, 1000 KB) |
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Author | Thomas Lux |
Series | Kiel Institute Working Papers |
Issue | 1425 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2008 Kiel Institute for the World Economy. |