Related papers: Research in Econophysics
Recent decades have seen a rise in the use of physics methods to study different societal phenomena. This development has been due to physicists venturing outside of their traditional domains of interest, but also due to scientists from…
Firstly the fluctuation theorems (FT) for expended work in a driven nonequilibrium system, isolated or thermostatted, together with the ensuing Jarzynski work-energy (W-E) relationships, will be discussed and reobtained. Secondly, the…
This paper describes asset price and return disturbances as result of relations between transactions and multiple kinds of expectations. We show that disturbances of expectations can cause fluctuations of trade volume, price and return. We…
The properties of money commonly referenced in the economics literature were originally identified by Jevons (1876) and Menger (1892) in the late 1800s and were intended to describe physical currencies, such as commodity money, metallic…
The Euler and Navier-Stokes fluid mechanics equations are derived using a modified statistical mechanical approach using theory taken from the Chapman-Enskog perturbation analysis used to support the lattice Boltzmann method. Additional…
During 2004, four divisions of the American Physical Society commissioned a study of neutrino physics to take stock of where the field is at the moment and where it is going in the near and far future. Several working groups looked at…
This paper investigates the combinatorics that gives rise to the Boltzmann probability distribution. Despite being one of the most important distributions in physics and other fields of science, the mathematics of the underlying model of…
Statistical physics has proven to be a very fruitful framework to describe phenomena outside the realm of traditional physics. The last years have witnessed the attempt by physicists to study collective phenomena emerging from the…
This working group focused mainly on the complementarity among particle physics and astrophysics. The analysis of data from both fields will better constrain theoretical models. Much of the discussion focused on detecting dark matter and…
We study Markov processes with values in the space of general two-dimensional arrays whose distribution is exchangeable. The results of this paper are inspired by the theory of exchangeable dynamical random graphs developed by H. Crane…
Inflationary cosmology leads to the picture of a "multiverse," involving an infinite number of (spatially infinite) post-inflationary thermalized regions, called pocket universes. In the context of theories with many vacua, such as the…
Scaling properties in financial fluctuations are reviewed from the standpoint of statistical physics. We firstly show theoretically that the balance of demand and supply enhances fluctuations due to the underlying phase transition…
The focus of this article is on entropy and Markov processes. We study the properties of functionals which are invariant with respect to monotonic transformations and analyze two invariant "additivity" properties: (i) existence of a…
The Kinetic Gas Theory like two-agent money exchange models, recently introduced in the Econophysics of Wealth distributions, are revisited. The emergence of Boltzmann-Gibbs like distribution of individual money to Pareto's law in the tail…
The basis of arbitrage methods depends on the circulation of information within the framework of the financial market. Following the work of Modigliani and Miller, it has become a vital part of discussions related to the study of financial…
We propose coalescent mechanism of economic grow because of redistribution of external resources. It leads to Zipf distribution of firms over their sizes, turning to stretched exponent because of size-dependent effects, and predicts…
This paper explores the possibility that asset prices, especially those traded in large volume on public exchanges, might comply with specific physical laws of motion and probability. The paper first examines the basic dynamics of asset…
This text is a slightly expanded version of a survey article on certain aspects of low dimensional dynamics and number theory written after a kind invitation by the editors of the Notices of the American Mathematical Society.
The new inequality recently found by Trifonov and called the state-extended inequality is considered in the tomographic-probability representation of quantum mechanics. The Trifonov uncertainty relations are expressed in terms of optical…
This paper introduces nonparametric econometric methods that characterize general power law distributions under basic stability conditions. These methods extend the literature on power laws in the social sciences in several directions.…