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Econophysics and Sociophysics: Recent Progress and Future Directions

New Economic Windows

Format: Hardback
Publisher: Springer International Publishing AG, Cham, Switzerland
Published: 12th Jan 2017
Dimensions: w 156mm h 234mm d 16mm
Weight: 551g
ISBN-10: 3319477048
ISBN-13: 9783319477046
Barcode No: 9783319477046
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Synopsis
This book presents the proceedings from ECONOPHYS-2015, an international workshop held in New Delhi, India, on the interrelated fields of "econophysics" and "sociophysics", which have emerged from the application of statistical physics to economics and sociology. Leading researchers from varied communities, including economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others, report on their recent work, discuss topical issues, and review the relevant contemporary literature. A society can be described as a group of people who inhabit the same geographical or social territory and are mutually involved through their shared participation in different aspects of life. It is possible to observe and characterize average behaviors of members of a society, an example being voting behavior. Moreover, the dynamic nature of interaction within any economic sector comprising numerous cooperatively interacting agents has many features in common with the interacting systems of statistical physics. It is on these bases that interest has grown in the application within sociology and economics of the tools of statistical mechanics. This book will be of value for all with an interest in this flourishing field.

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