Practical Fruits of Econophysics

Proceedings of the Third Nikkei Econophysics Symposium

  • Hideki Takayasu

Table of contents

  1. Front Matter
    Pages I-XII
  2. Market’s Basic Properties

    1. Front Matter
      Pages 1-1
    2. H. E. Stanley, Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou
      Pages 2-18
    3. János Kertész, Zoltán Eisler
      Pages 19-23
    4. A. A. Tsonis, K. Nakada, H. Takayasu
      Pages 24-28
    5. Misako Takayasu, Takayuki Mizuno, Takaaki Ohnishi, Hideki Takayasu
      Pages 29-32
    6. Takayuki Mizuno, Yukiko Umeno Saito, Tsutomu Watanabe, Hideki Takayasu
      Pages 33-37
    7. Kazuko Yamasaki, Lev Muchnik, Shlomo Havlin, Armin Bunde, H. Eugene Stanley
      Pages 43-51
    8. Annalisa Fabretti, Marcel Ausloos
      Pages 52-56
    9. Takayuki Mizuno, Misako Takayasu, Hideki Takayasu
      Pages 57-61
    10. Takaaki Ohnishi, Takayuki Mizuno, Kazuyuki Aihara, Misako Takayasu, Hideki Takayasu
      Pages 62-66
    11. Ken Kiyono, Zbigniew R. Struzik, Yoshiharu Yamamoto
      Pages 67-71
    12. Sary Levy-Carciente, Klaus Jaffé, Fabiola Londoño, Tirso Palm, Manuel Pérez, Miguel Piñango et al.
      Pages 77-81
  3. Predictability of Markets

    1. Front Matter
      Pages 87-87
    2. Philipp Weber, Bernd Rosenow
      Pages 88-92

About these proceedings

Introduction

Some economic phenomena are predictable and controllable, and some are impos­ sible to foresee. Existing economic theories do not provide satisfactory answers as to what degree economic phenomena can be predicted and controlled, and in what situations. Against this background, people working on the financial front lines in real life have to rely on empirical rules based on experiments that often lack a solid foundation. "Econophysics" is a new science that analyzes economic phenomena empirically from a physical point of view, and it is being studied mainly to offer scientific, objective and significant answers to such problems. This book is the proceedings of the third Nikkei symposium on ''Practical Fruits of Econophysics," held in Tokyo, November 9-11, 2004. In the first symposium held in 2000, empirical rules were established by analyzing high-frequency finan­ cial data, and various kinds of theoretical approaches were confimied. In the second symposium, in 2002, the predictability of imperfections and of economic fluctua­ tions was discussed in detail, and methods for applying such studies were reported. The third symposium gave an overview of practical developments that can immedi­ ately be applied to the financial sector, or at least provide hints as to how to use the methodology.

Keywords

Economics Econophysics Econophysics data analysis Financial Technology Physics Statistics agents

Editors and affiliations

  • Hideki Takayasu
    • 1
  1. 1.Sony Computer Science Laboratories, Inc.TokyoJapan

Bibliographic information

  • DOI https://doi.org/10.1007/4-431-28915-1
  • Copyright Information Springer-Verlag Tokyo 2006
  • Publisher Name Springer, Tokyo
  • eBook Packages Business and Economics
  • Print ISBN 978-4-431-28914-2
  • Online ISBN 978-4-431-28915-9
  • About this book