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612-822-4611
Select Topics of Econophysics

Select Topics of Econophysics

Hardcover

Investing & FinancePhysics

ISBN10: 3110998785
ISBN13: 9783110998788
Publisher: de Gruyter
Published: Nov 4 2024
Pages: 483
Weight: 2.13
Height: 1.06 Width: 6.69 Depth: 9.61
Language: English

Economics requires understanding and analyzing forces that bring buyers and sellers to a market place who then negotiate exchanges of goods and services based on a mutually agreeable price. Economists have their own method of modeling whereby models are first conceived of some notion of economic and financial thinking, before being empirically tested, and anomalies are then recognized if the observed data is inconsistent with the hypothetical underpinning. This is in inherent contradiction with the modeling approaches of physicists who develop their theories, principle and laws after observing empirical data.

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