Econophysics and Sociophysics: Trends and Perspectives

Description

Using tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade.Content: Chapter 1 A Thermodynamic Formulation of Economics (pages 1–33): Juergen MimkesChapter 2 Zero?intelligence Models of Limit?order Markets (pages 35–63): Robin StinchcombeChapter 3 Understanding and Managing the Future Evolution of a Competitive Multi?agent Population (pages 65–98): David M. D. Smith and Neil F. JohnsonChapter 4 Growth of Firms and Networks (pages 99–129): Yoshi Fujiwara, Hideaki Aoyama and Wataru SoumaChapter 5 A Review of Empirical Studies and Models of Income Distributions in Society (pages 131–159): Peter Richmond, Stefan Hutzler, Ricardo Coelho and Przemek RepetowiczChapter 6 Models of Wealth Distributions – A Perspective (pages 161–190): Abhijit Kar GuptaChapter 7 The Contribution of Money?transfer Models to Economics (pages 191–217): Yougui Wang, Ning Xi and Ning DingChapter 8 Fluctuations in Foreign Exchange markets (pages 219–247): Yukihiro Aiba and Naomichi HatanoChapter 9 Econophysics of Stock and Foreign Currency Exchange Markets (pages 249–278): Marcel AusloosChapter 10 A Thermodynamic Formulation of Social Science (pages 279–309): Juergen MimkesChapter 11 Computer Simulation of Language Competition by Physicists (pages 311–337): Christian Schulze and Dietrich StaufferChapter 12 Social Opinion Dynamics (pages 339–366): Gerard WeisbuchChapter 13 Opinion Dynamics, Minority Spreading and Heterogeneous Beliefs (pages 367–391): Serge GalamChapter 14 Global Terrorism versus Social Permeability to Underground Activities (pages 393–416): Serge GalamChapter 15 How a “Hit” is Born: The Emergence of Popularity from the Dynamics of Collective Choice (pages 417–447): Sitabhra Sinha and Raj Kumar PanChapter 16 Crowd Dynamics (pages 449–472): Anders Johansson and Dirk HelbingChapter 17 Complexities of Social Networks: A Physicist's Perspective (pages 473–506): Parongama SenChapter 18 Emergence of Memory in Networks of Nonlinear Units: From Neurons to Plant Cells (pages 507–533): Jun?ichi InoueChapter 19 Self?organization Principles in Supply Networks and Production Systems (pages 535–559): Dirk Helbing, Thomas Seidel, Stefan Lammer and Karsten PetersChapter 20 Can we Recognize an Innovation?: Perspective from an Evolving Network Model (pages 561–591): Sanjay Jain and Sandeep Krishna