Experimental Econophysics: Properties and Mechanisms of Laboratory Markets 2015 Edition Contributor(s): Huang, Ji-Ping (Author) |
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ISBN: 3662442337 ISBN-13: 9783662442333 Publisher: Springer OUR PRICE: $52.24 Product Type: Hardcover - Other Formats Published: August 2014 |
Additional Information |
BISAC Categories: - Science | System Theory - Business & Economics | Economics - Theory - Mathematics | Game Theory |
Dewey: 330 |
Series: New Economic Windows |
Physical Information: 0.5" H x 6.14" W x 9.21" (1.04 lbs) 192 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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, 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 |